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CORPORATE
MERGERS & ACQUISITIONS:
UltraTech agrees to 4:7 swap for Samruddhi merger
Mumbai, Nov. 15 The board of directors of UltraTech Cement has agreed to an exchange ratio of four shares of UltraTech (of Rs 10 each) to every seven shares of Samruddhi (of face value of Rs ...
MERGERS & ACQUISITIONS:
Oman Oil picking up more stake in BPCL’s Bina refinery
Mumbai, Nov. 15 Oman Oil Company is back as an equity partner with Bharat Petroleum Corporation in the six million-tonne Bina refinery scheduled to be commissioned in the second quarter ...
OUTLOOK:
Taj hotel heritage wing to open doors soon
RESTORING GLORY. Mumbai, Nov. 15 The burning dome of The Taj Mahal Palace was among the most distressing, yet iconic, images of the armed attack on Mumbai, last ...
NEW PROJECTS:
Rich Graviss looking at second plant in India
To manufacture dairy product line in Himachal. Hyderabad, Nov. 15 Rich Graviss Products – a joint venture of US-based Rich Products Corporation and the Graviss Foods – is evaluating the prospects of setting up a second manufacturing ...
OUTLOOK:
IOC seeks 23 mscmd of gas from Reliance’s D6 block
Indian Oil Corporation Ltd has sought around 23 mscmd of gas from Reliance Industries Ltd (RIL) operated Krishna-Godavari Basin D6 ...
OUTLOOK:
Midhani to invest Rs 400 cr in hot plate mill facility
Midhani, the defence public sector undertaking, will set up a Rs 400-crore ‘Hot Plate Mill’ facility to meet key demands from the strategic ...
PEOPLE:
Of work and healing
Mumbai, Nov. 14 Just days away from one year to the tragedy that struck his life, Karambir Singh Kang, Taj’s Vice-President -Mumbai Hotels, is a busy man. And seeing off Pepsi’s global head, Indra Nooyi, from the hotel, is just ...
MERGERS & ACQUISITIONS:
Essar to take majority stake in Warid Telecom
Mumbai, Nov. 15 The Essar Group has signed a definitive agreement to pick up majority stake in Warid Telecom, the Dhabi Group subsidiary in Uganda and Republic of ...
PRIVATE PLACEMENT:
KSK Energy raises Rs 516 cr
KSK Energy Ventures Ltd has raised Rs 515.92 crore through qualified institutional placement (QIP) issue. In a statement to the Bombay Stock Exchange, KSK Energy said that the QIP Committee of the Board of Directors of the company has closed ...
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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