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Thursday, July 08, 2010
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OUTLOOK: Japan Steel Works bullish on Indian N-reactor parts market
Keeping a close watch on India-Japan civil nuclear deal. Tokyo-based Japan Steel Works Ltd, a major global supplier of heavy forgings with a market leadership in specialised nuclear components, is bullish on the emerging market opportunities ...

PERFORMANCE: Fall in output, prices may hit cement cos' Q1 profits
Year-on-year growth due to some firms adding fresh capacity. Sharp fall in production coupled with high input cost and dip in prices may impact the profitability of cement companies in the first quarter of ...

RESTRUCTURING: Putting a face to SRF
What were the compulsions that made SRF, a legacy company and a B2B player, go in for a rebranding exercise? And how is it going about the exercise?. T he moment of truth for 41-year old Ashish Bharat Ram came in December 2007, at a cocktail ...

OUTLOOK: Bajaj Auto keen to ride Discover momentum
Cruising to meet target of four million bikes and three-wheelers. Bajaj Auto is on course to meeting its target of four million bikes and three-wheelers this fiscal, which is expected to set the pace for its goal of reaching five million units ...

VENTURE CAPITAL: John Distilleries plans Rs 75-cr PE infusion
The maker of Original Choice whisky, John Distilleries, is close to finalising plans for private equity infusion of Rs ...

ACCOUNTING STANDARDS: IFRS impact on a few key sectors
With the decibel level increasing on the IFRS (International Financial Reporting Standards) front, a natural anxiety among investors is about how the adoption of global norms will impact the different sectors. Thankfully, there are ...

NEW PROJECTS: Starwood's Aloft forays via Auromatrix Hotels
First property opens in Chennai. The Aloft chain of business class hotel brand of the US-based Starwood Hotels & Resorts has entered India with its first property ...

PERFORMANCE: Capacity additions help JSW, Tata Steel increase output
The reported crude steel production numbers of JSW Steel and Tata Steel for the first quarter of FY 2011 are up 14 per cent and 8.25 per cent, respectively, on a ...

PEOPLE: SpiceJet gets new CEO
The Chief Financial Officer of the Dubai-based low cost airline, FlyDubai, Mr Neil Mills, will be the new Chief Executive Officer of the low cost airline, SpiceJet. A statement issued by the Dubai-based airline confirmed that Mr Mills is to ...

NEW PROJECTS: GMDC set to start work on Orissa coal block
State-promoted Gujarat Mineral Development Corporation Ltd (GMDC), after getting the go-ahead recently, is embarking upon exploratory work in the Naini coal block in Orissa shortly, a senior official ...

PREFERENTIAL ALLOTMENTS: Maytas Infra to hike capital
Maytas Infra Ltd has decided to increase the authorised capital of the company from Rs 75 crore to Rs 500 crore and thereafter pave way for allotment of preferential shares to its overseas partner and a clutch ...

ENVIRONMENT: Vizag steel plant steps to cut CO2 emission
The Rashtriya Ispat Nigam Ltd (the Vizag steel plant) is taking all steps to reduce carbon di-oxide emissions to the extent of 2.5 lakh tonnes ...

NEW PROJECTS: Tata Power to set up 3 MW solar photo voltaic unit
Tata Power said it is developing a 3 MW, Photo Voltaic (PV) based, grid connected solar plant at Mulshi, which would be the largest grid connected plant ...

MERGERS & ACQUISITIONS: ADAG firms hike stake in Fame to 15.77%
ADAG-promoted Reliance MediaWorks (RMW) along with Reliance Capital and Reliance Capital Partners has acquired 0.05 per cent in Fame Cinemas, by taking its stake to 15.77 ...

OUTLOOK: US company GRH Energy keen to supply coal to India
GRH Energy plans to supply coal worth $5-7.5 billion to the Indian metal industry from ...

NEW PROJECTS: Audi India to hike capacity
Audi is planning to ramp up its production capacity to 6,000 cars a year by 2015 at its Aurangabad plant, said Mr Michael Perschke, Head of Audi India. The company has started assembling its SUV model Q5 in India. Audi is currently making A4 ...

RESTRUCTURING: RCL shareholders to consider rejig
A meeting of the equity shareholders of Rain Commodities Ltd (RCL) will be held on July 29 to consider its proposed restructuring. The meeting was being conducted according to the directions of Andhra Pradesh High Court in connection with ...

PERFORMANCE: JSW Steel output up 14% in Q1
JSW Steel has reported that its steel production has risen 14 per cent to 1.57 million tonnes in the first quarter of this fiscal. “Commissioning of the 6.8-mtpa expansion project and 3.5-mtpa new hot strip mill at the Vijaynagar Works ...

PERFORMANCE: Coal India output dips
Coal India Ltd posted a marginal decline in production to 101 million tonnes (mt) during the first quarter of this fiscal. However, compared with the target of 111 mt set for the period, the decline was a sizable 10 per cent. According to ...

MERGERS & ACQUISITIONS: Bajaj Finserv promoters hike stake
The promoters of Bajaj Auto Finserv, the vehicle finance arm of the Bajaj Auto, have increased their stake in the company by 5.78 per cent to 50.42 per cent, it said in a statement to the stock exchanges. The promoters acquired 21.16 lakh ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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