Business Daily from THE HINDU group of publications
Thursday, December 25, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, December 25, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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INSIGHT: India Inc raises Rs 45,000 cr less this year compared to 2007 Global crisis chokes overseas pipeline; debt mop-up fares better than equity. India Inc finds raising money a lot tougher proposition in 2008 compared to the previous year if data compiled by Bloomberg news agency is anything to go by. It could ... PERFORMANCE: Oil majors stare at Q3 losses Low crude prices yet to reflect. Mumbai, Dec. 24 Despite crude prices falling to $35 per barrel, the Big Three public sector oil refiners are fortifying themselves for another round of net losses in the third quarter of ... OUTLOOK: Maruti, Nissan in talks over quantum of orders Maruti to ship first lot of contract-made cars for Nissan by Feb-Mar. New Delhi, Dec. 24 Maruti Suzuki on Wednesday said its first consignment of contract manufactured cars for Nissan is likely to be shipped during the next two to three ... MERGERS & ACQUISITIONS: M&A deals lack lustre on slowdown blues Total value of deals declines 41% to $41 b in 2008. Mumbai, Dec. 24 Merger and acquisition (M&A) deals and private equity investments in 2008 suffered a major setback in line with the financial crisis and global ... RIGHTS ISSUE: Fortis Healthcare board clears Rs 1,000-cr rights issue Money to be used for new projects, acquisitions. The board of directors of Fortis Healthcare Ltd at its meeting on Wednesday approved, in principle, the company’s plan to raise funds by issue of equity shares with warrants on a rights ... CORPORATE DISPUTES: Sanghi Ind’s board room battle hots up Coimbatore, Dec. 24 The board room battle in Sanghi Industries Ltd seems to be hotting up with two directors applying to the Company Law Board for restraining Mr Ravi Sanghi from acting as Managing Director and seeking the appointment of ... NEW BUSINESS: ONGC-led SPV awards $1.4-b contract in Dahej SEZ Linde-Samsung consortium bags deal for dual feed cracker for the project. New Delhi, Dec. 24 ONGC-led special purpose vehicle (SPV), ONGC Petro-additions Ltd (OPAL), has awarded a $1.4-billion contract to the consortium of Linde AG, Germany and ... ANNOUNCEMENTS: Pricol adopts block closure The ongoing auto industry’s slowdown has made the Coimbatore-based auto component manufacturer Pricol Ltd to opt for block closure of its manufacturing facilities at different locations in the country on different dates. In a communication ... NEW BUSINESS: BHEL bags Rs 2,100-cr order State-run Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 2,100-crore order to supply and install main plant equipment for NTPC’s Mauda Super Thermal Power Project in Nagpur. The company would set up 2x500 MW steam generator and ... REGULATORY BODIES & RULINGS: Nod for Aurobindo’s drug in Canada Aurobindo Pharma Ltd has received approval for its abbreviated new drug submission for Terbinafine tablets from the Canadian regulator, Health Canada. The tablets (125 & 250 mg) are the generic equivalent of Novartis ... BUYBACK: Nava Bharat buyback at Rs 170 ... ALLIANCES & JOINT VENTURES: GVK pact for 7 deepwater blocks ... BUYBACK: Vardhman to buy back FCCBs ... OUTLOOK: GSPC gets permission to commercially exploit gas finds in Deendayal block Kolkata. Dec. 24 GSPC has received the approval for commerciality of its gas finds in the western part of KG-OSN-2001/3 block renamed as ... COURTS/LEGAL ISSUES: HC says ‘no’ to PSU’s contention Right to challenge cancellation of biz agreement. Chennai, Dec. 24 The Madras High Court has ruled that if there was a doubtful proposition whether one of the two parties to a business agreement was a ‘public’ authority or not, this ... OUTLOOK: CCCL sees public infrastructure as a major growth area Chennai, Dec. 24 Consolidated Construction Consortium Ltd plans to focus on public sector infrastructure projects that offer the most scope for growth in the coming months, according to the company’s Chairman and CEO, Mr ...
OUTLOOK:
Thiru Arooran Sugars sees lower output for 2008-09 Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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