CORPORATE
PRIVATE PLACEMENT
Cairn raises Rs 3,700 cr ahead of IPO floatation
Petronas subsidiary picks up 10 pc of shares
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MERGERS & ACQUISITIONS
Tata Steel may up bid for Corus
The battle for acquisition of Anglo-Dutch steel maker Corus is likely to see a fair bit of financial blood spilling, with the two rival suitors, Tata Steel and the Brazilian steel company CSN, gearing for a bidding match. Tata Steel board met ...
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India Inc must foray abroad with caution
Indian companies are foraying into developed countries even as their Chinese counterparts are concentrating on the less developed nations of Africa. Though this is a tribute to Indian managerial and entrepreneurial skills, India Inc must also watch out for reverse takeover bids, says T. C. A. RAMANUJAM.
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Method used to take control of Corus may change
On a day when EU (the European Union) set a January 3 deadline to rule on the Tata bid for Corus, Business Line contacted Mr Roy Montague-Jones of Richards Butler LLP, a London-based law firm, to know about the options before Tata. ...
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NEW PROJECTS
Essar Steel, Sinosteel in talks to set up plants
Essar Steel is in talks with Chinese steel company Sinosteel Corporation for setting up steel plants in Paradip, Chhattisgarh and Jharkhand. The $6.6-billion project, once completed, will increase the production capacity of Essar from 4.6 ...
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Simbhaoli plans Rs 423-cr expansion
Buoyed by the good sugar season, the Rs 600-crore Simbhaoli Sugar Ltd plans to invest Rs 423 crore in overall expansion including a new sugar factory in Ghaziabad, Uttar Pradesh. The new investment will also augment the crushing capacity at its ...
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Gemini Comm plans RFID unit near Chennai
The Chennai-based Gemini Communication Ltd plans to set up a manufacturing facility at an SEZ at Sriperumbudur near here instead of Himachal Pradesh. In April, it had announced the Himachal Pradesh project at a cost of Rs 20 crore. The ...
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Sany Group to set up unit in Maharashtra
$70-m greenfield plant to come up at Talegaon
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OVERSEAS INVESTMENTS
Relax restrictive rules, Indian CEOs tell China
Call for more cross investments, technology sharing
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ALLIANCES & JOINT VENTURES
Hathway, UK company in pact
Hathway Cable and Datacom Pvt Ltd has entered into a partnership with the UK-based NDS Group Plc to bring interactive gaming on the digital cable platform to its subscribers, the company said in a press release on Thursday. ...
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Madura Garments, Sierra tie up
Madura Garments has entered into a tie up with Sierra Industrial Enterprises to introduce Louis Philippe, Van Heusen and Allen Solly brands of footwear. As per the agreement, Sierra Industrial , part of SSIPL Group, will ...
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Palimar ropes in Lanson for big-time hotel plans
The chain has tied up with Naidu Hall to open Palimar quick-service restaurants at its outlets.
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OUTLOOK
Parry Travels plans to expand
To focus on leisure travel of first time travellers
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NTC may instal imported spinning machinery by Dec
Takes up Rs 530-cr modernisation plan for 22 mills
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Bharat Earth Movers targets Rs 400 cr thru public issue
Proposed issue likely by March; awaits Cabinet approval
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SAIL appoints 87 district dealers
Steel Authority of India Ltd has appointed 87 district dealers in Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and the Union Territories of Puducherry and the Andaman and Nicobar islands. Another 13 dealers are expected to be ...
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