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Indo Gulf, Birla Global to merge into Indian Rayon — Swap ratio at 3:1; new company to be called Aditya Birla Nuvo
THE Aditya Birla Group, in a major consolidation exercise, has decided to merge Indo Gulf Fertilisers Ltd and Birla Global Finance Ltd into Indian Rayon Industries Ltd. The boards of all three companies that met on Sunday approved the proposal ...
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`Financial synergy, the driver of merger'
FINANCIAL synergy, and not product synergy, was the driver for the merger of the three A.V. Birla group entities. Although the merger was a practical and expedient thing to do at this point, it should not be seen as a move of temporary ...
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Stocks gain
IN the last one week (September 2-September 9), the stock price of Indian Rayon has moved from Rs 574 to Rs 617.45 on the BSE, a rise of 7.55 per cent. The stock of Indo Gulf Fertiliser increased from Rs 153 to Rs 169.25, a gain of 10.62 per ...
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Surprise! Nifty PE is actually 19
STOCK prices of Indian companies have risen more than 100 per cent in the past couple of years and the price-to-earnings multiple put out by the stock exchanges is still at 15. If this has you readying for another bull charge, hold on. The ...
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GAIL plans to monetise stranded gas in Bangladesh
GAIL (India) Ltd has offered to assist Petrobangla (Bangladesh Oil, Gas and Minerals Corporation) for monetisation of stranded gas from Kutubdia offshore gas field located in South-East Bangladesh. Monetisation of stranded gas means bringing ...
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India committed to stronger ties with France, says PM
THE Prime Minister, Dr Manmohan Singh, today said that India was committed to further strengthening its relations with France. Before leaving for Paris en route the US, Dr Singh said: "It is our intention to further expand co-operation in the ...
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Most power projects on track: Govt report
OF the 44 power projects under implementation currently, 39 projects are slated to come up by the first year of the 11th Plan period, while five projects are reported to be facing constraints in timely commissioning, according to a report of the ...
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`No negative' is good news here
On a scale of 1 to 10, chances seem to be delicately balanced in favour of the bellwether going upwards by a few hundred points this week.
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