CORPORATE
ANNOUNCEMENTS
NTPC mulls arm for captive coal mining
NTPC is weighing the possibilities of creating a subsidiary for captive coal mining operations. The company was recently awarded seven coal blocks with total mineable reserves of 5.7 billion tonnes; it is aiming at captive production of 60 ...
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NEW BUSINESS
IVRCL bags orders worth Rs 343 cr
IVRCL Infrastructures & Projects Ltd has announced that it has bagged new orders worth Rs 343 crore. In a press release here, the company said the major contracts included Rs 129.95 crore from Kolkata Environmental Improvement ..
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Nagarjuna Const bags Rs 226-cr orders
Nagarjuna Construction Company Ltd (NCCL) has announced that it has bagged orders worth Rs 226 crore. In a press release here, the company said the orders include one from the Andhra Pradesh Government for widening of SRBC Main ...
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COURTS/LEGAL ISSUES
HC sets aside ST assessment on VGP Golden Beach
The Madras High Court has ruled that State Tourism Department had authority and power vested under the TN General Sales Tax Act to grant Star status to a hotel. Hence, when a hotel had not applied with any status for grant of star category, the ...
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ACCOUNTANCY
Should we unlearn what little accounting we know?
Do you find it difficult to make out head and tail of company accounts? If yes, cheer up that you aren't alone. The bosses of international audit networks are confused too! In a document released only days ago in Paris, the CEOs of big ...
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MANAGEMENT
`Mentoring is key to success'
Mentors are ordinary people who make a difference to others' lives. Through their guidance and care, they effectively bring magical transformation within people, helping them harness their latent potential. Launching `Mentoring', a ...
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CORPORATE BONDS
Corus gives early conversion option to Dutch bondholders
Corus on Monday offered an early conversion option to its Dutch bondholders. In a statement on its Web Site, it announced conversion plans for the Netherlands guilder (NLG) 335 million with a coupon rate of 4.625 per cent convertible bonds and ...
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Cabinet okays Transco's Vidyut Bonds proposal
Agrees to provide irrevocable Government guarantee
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RESTRUCTURING
Artson Engg close to restructuring debts?
Artson Engineering, an EPC firm specialising in piping and large diameter tankages, is close to restructuring its debts. Though banking sources close to the company management confirmed the development to Business Line, Mr N.K. Jagasia, ...
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MERGERS & ACQUISITIONS
Zee acquires 50 pc stake in Ten Sports
Move expected to further consolidate sports channels sector
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NEW PROJECTS
Tata Ryerson to set up 3 new units
Tata Ryerson Ltd (TRL), a closely held joint venture between Tata Steel and the US-based Ryerson Inc, would be setting up plants adjacent to all Tata Motors plants that are coming up as also in locations having large concentration of user ...
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REGULATORY BODIES & RULINGS
Torrent unit gets US drug authority nod
Torrent Pharmaceuticals Ltd, the Ahmedabad-based pharma major, on Monday announced that it has received approval from the US Food and Drug Administration for its API (active pharmaceutical ingredient) and formulations manufacturing facilities ...
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ALLIANCES & JOINT VENTURES
L&T teams up with Mitsubishi
To manufacture equipment for mega power projects
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Samudra to build boat hulls for Swedish co
Samudra Shipyard Pvt Ltd, a Kochi-based fibreglass boat manufacturer, is all set to enter the European market for making boats. The company has entered into a manufacturing deal with Grebbestad Varv AB of Sweden, which has outsourced the ...
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SOCIETY & DEVELOPMENT
Stress on corporate social responsibility
The business of making money also involves raising skills of people, creating enterprises and ultimately contributing to national wealth, according to Mr Gurucharan Das, former CEO, Proctor and Gamble. Speaking at Joining Hands - A social ...
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OUTLOOK
Coal-bed methane: BP to begin exploration in 2007
Exploring underground coal gassification in India, China
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GE India bets on financial biz for $8-b revenue by 2010
`We have enough projects in the pipeline and are going to leverage the diversity of our businesses in India.' Sees India as one of the key players among emerging markets
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PEOPLE
Rajat Gupta on Goldman Sachs board
The board of directors of Goldman Sachs Group has announced the appointment of Mr Rajat Kumar Gupta as independent Director of the corporation. In a statement, the corporation said that Mr Gupta will serve on the audit, ...
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