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CORPORATE
CORPORATE DISPUTES:
Centre seeks to ring fence NTPC’s D6 gas claim
Power PSU may stay away from RIL-RNRL dispute. New Delhi, Aug. 25 The Government has decided to spell out its position in the two disputes involving the Krishna-Godavar Basin D6 block gas supplies — NTPC-Reliance Industries Ltd (RIL) and ...
OVERSEAS INVESTMENTS:
McLeod Russel’s arm buys Rwanda tea factory
Borelli Tea Holdings to pay $2.75 m for stake in US company. World’s largest tea producer McLeod Russel India Ltd said on Tuesday that its UK arm has acquired, indirectly though, controlling stake in Gisovu Tea Company, Rwanda, producing ...
OUTLOOK:
Tata confident of JLR turning the corner
The British brands were done in by slowdown: Ratan Tata. Mumbai, Aug. 25 Tata Motors and Jaguar Land Rover will come through this tough period as leaner and more cost-efficient companies, said Mr Ratan Tata, Chairman of Tata Motors, at its ...
NEW BUSINESS:
ABB bags Rs 128-cr PGCIL order
Power and automation technology major ABB said it has won a Rs 128.3-crore order from Power Grid Corporation of India Ltd to set up a 400-kV gas insulated switchgear substation in Navsari, Gujarat. The project is scheduled for completion in ...
NEW BUSINESS:
Stone India bags Rlys order
Stone India Ltd has received the first bulk order from Rashtriya Coach Factory, Kapurthala, for supplying air springs for 123 passenger coach sets, according to a press release issued by the company. The value of the order is Rs 4.9 ...
OVERSEAS INVESTMENTS:
Apollo Hospitals defers UK plans
Chennai, Aug. 25 Apollo Hospitals’ wholly owned subsidiary in the UK has put its plans to start operations in that country ...
ANNOUNCEMENTS:
Maruti Suzuki launches new Estilo
New Delhi, Aug. 25 Maruti Suzuki India Ltd (MSIL) is offering its Zen-less new Estilo at introductory price of Rs 3.12 lakh to Rs 3.95 lakh (ex-showroom, Delhi) depending on the ...
ANNOUNCEMENTS:
GSK to bring in Actiprotect mask; no word on Relenza
Mumbai, Aug. 25 Multinational drug-maker GlaxoSmithKline Pharmaceuticals (GSK) is set to import Actiprotect, its disposable respirator mask that has an anti-viral ...
OUTLOOK:
Essar to renew focus on auto grade steel
Mumbai, Aug. 25 Essar Steel plans to increase sale of auto grade steel from 7.50 lakh tonnes to one million tonnes this fiscal, keeping an eye on the boom in the car sector and India rapidly emerging as a global hub for ...
OUTLOOK:
Essar Shipping hopes to tie up funds for oil terminal by mid-Oct
Gujarat Vadinar terminal expansion costing Rs 939 cr. Beating recessionary pulls, the Ruias-promoted Essar Group, is on a financial closure spree for a string of expansion projects lined up by its group company, Essar Shipping Ports and ...
ANNOUNCEMENTS:
Lufthansa raises economy class seats by 15%
Lufthansa German Airlines has increased its economy-class seats by 15 per cent for its flights ...
OUTLOOK:
Gensets can tackle peaking power shortage: Wartsila
Chennai, Aug. 25 Wartsila, the Finnish power gensets manufacturer, on Tuesday, released a study which revealed huge losses on account of power shortage and said that customers are willing to pay a little extra for reliable power. On the back ...
CORPORATE DISPUTES:
ADAG seeks revalidation of D6 capex by global expert
New Delhi, Aug. 25 In continuation of its ongoing gas dispute with Mukesh Ambani-led Reliance Industries Ltd (RIL), the Anil Dhirubhai Ambani Group (ADAG) has sought revalidation of the D6 project’s capital expenditure by a ...
ALLIANCES & JOINT VENTURES:
Sea Valley Resorts ties up with Accor group
Visakhapatnam, Aug. 25 Sea Valley Resorts Pvt Ltd, belonging to the city-based Varun group, has announced a tie-up with Accor Hospitality, for managing its hotel on the beach road here to be operational ...
OUTLOOK:
South drives Fortuner demand
Nearly half of the 2,500 bookings for Toyota’s news sports utility vehicle, the Toyota Fortuner, have come from southern ...
MERGERS & ACQUISITIONS:
United Spirits, Diageo call off stake sale talks
Bangalore, Aug. 25 United Spirits and the world’s largest liquor company, Diageo, have called off their talks over stake sale citing differences ...
OUTLOOK:
French co Fives floats Indian subsidiary
Chennai, Aug. 25 The Paris-based Fives group, a €1.5-billion provider of process equipment, turnkey solutions and project management for a wide range of industrial sectors, has floated an ...
ALLIANCES & JOINT VENTURES:
EIH signs pact with DIAL for in-flight catering facility
New Delhi, Aug. 25 Delhi International Airport Ltd (DIAL) has signed a 25-year concession agreement with EIH to finance, design, develop, construct, operate, manage and maintain in-flight catering facilities and services at the airport here. ...
NEW BUSINESS:
Patil Rail to install Delhi Airport Metro Express Link
New Delhi, Aug. 25 Patil Rail Infrastructure Pvt Ltd (PRIL) has bagged the contract for building the first high-speed ballastless track in India. The project has been awarded by Delhi Airport Metro Express Pvt Ltd, a group company of the ...
MERGERS & ACQUISITIONS:
Decision soon on takeover of Hind Shipyard by Defence Ministry
Kolkata, Aug. 25 The Defence Ministry’s proposal to take over Hindustan Shipyard Ltd (HSL), now under the Shipping Ministry, is before the Cabinet and a decision on this will be taken ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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