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Tuesday, October 12, 2010
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MERGERS & ACQUISITIONS: Cairn India open offer price is final
We have nothing to do with royalty issue: Vedanta. Cairn India's minority shareholders hoping for a revision in the open offer price by Vedanta Group company will have to live with the current offer of Rs 355 or $8 ...

INTERVIEW: ‘We have offered the best price possible to investors'
Cairn Energy being paid a premium for its non-compete pact, says Anil Agarwal. London-based billionaire business man Mr Anil Agarwal, Chairman, Vedanta Resources plc, is in the thick of action. All his India plans seem to have hit hurdles. In an ...

NEW PROJECTS: Panasonic to invest Rs 1,000 cr in new plant
To create 10,000 jobs in two years, increase R&D. Panasonic Corp plans to invest Rs 1,000 crore in a new consumer appliance manufacturing plant at Jhajjar in Haryana and create some 10,000 jobs in the country ...

NEW PROJECTS: Coromandel plans foray into urea business
Chosen as handling agent for urea imported on Govt account at Karaikal port. The country's No. 2 phosphatic and complex fertilisers concern, Coromandel International Ltd (CIL), is entering the ...

OVERSEAS INVESTMENTS: Fortis Global to buy HK company Quality Healthcare's units for Rs 882 cr
Mr Malvinder Mohan Singh's plan to move into the international healthcare market is finally ...

MERGERS & ACQUISITIONS: Suzlon buys out forging arm's stake from IDFC Private Equity
Allots 3.19 cr shares to PE company. Suzlon Energy on Monday said that it had bought out IDFC Private Equity's stake in its forgings subsidiary. In exchange, Suzlon would allot shares to IDFC ...

NEW PROJECTS: Bosch Packaging to invest Rs 25 cr in Goa
Bosch Packaging Technology, manufacturers of packaging machinery, last week announced its latest expansion plans for the Indian market with an investment of Rs 25 crore ...

OUTLOOK: Moser Baer Projects will raise Rs 500-700 cr to power up thermal business
Close on the heels of raising Rs 1,350 crore from Blackstone (at the company level), Moser Baer Projects Pvt Ltd now plans to raise Rs 500-700 crore for one of its downstream companies engaged in the ...

ALLIANCES & JOINT VENTURES: Finnish firm Kemira, IVRCL ink pact for water treatment chemical biz
Finnish chemical major Kemira Oyj and the promoters of construction company IVRCL have formed a joint venture to set up a water treatment chemical manufacturing unit near Visakhapatnam with an outlay of Rs 45-50 crore (about ...

OUTLOOK: Bridgestone to localise truck, bus tyre production in May
Bridgestone India, a subsidiary of Japanese tyre manufacturer Bridgestone Corporation, will focus on manufacturing truck and bus tyres, according to its Managing Director, Mr ...

ALLIANCES & JOINT VENTURES: Heavy Engg Corpn open to foreign tie-ups for N-gear supply
Kolkata, Oct 11Heavy Engineering Corporation Ltd (HEC) is looking for foreign tie-ups to supply nuclear equipment for the country's $150-billion nuclear power programme. The company is already in talks with the Department of Atomic Energy ...

PREFERENTIAL ALLOTMENTS: Hind Dorr-Oliver may offer stake to investor
Construction and engineering services company Hindustan Dorr-Oliver Ltd (HDO), part of the Hyderabad-based IVRCL group, is poised to offload some stake in the company to a strategic investor to strengthen its business in nuclear energy and ...

ALLIANCES & JOINT VENTURES: Jaiprakash, Dighi Port to invest Rs 600 cr in cement plant
Jaiprakash Associates Ltd (JAL), part of the diversified Jaypee Group, announced on Monday it has entered into an agreement with Dighi Port to set up a 3 million tonnes a year cement grinding plant at Kutch in Gujarat at an estimated ...

OUTLOOK: Tata Housing arm to focus on affordable housing
Tata Housing Development Company has formed a subsidiary under the name Smart Value Homes Pvt Ltd, which will focus on value and affordable housing projects in the price range of Rs 5 lakh-Rs ...

NEW PROJECTS: Work on JSW Bengal's Salboni plant to start in Jan
The work on the main plant of the JSW Bengal's steel project at Salboni will begin in January, according to company sources. JSW Steel holds 94 per cent stake in ...

OUTLOOK: New small car on the anvil: Tata Motors
Tata Motors is looking at bringing out a small car between the Nano and the Indica categories. While the Nano is under Rs 2 lakh, the Indica range starts Rs 2.72 lakh going up to Rs ...

MERGERS & ACQUISITIONS: MIC Electronics to buy majority stake in Avni Energy
MIC Electronics Ltd has entered into a memorandum of understanding to acquire 51 per cent stake in Bangalore-based Avni Energy Solutions Pvt Ltd for Rs 10 crore. Avni Energy has a plant in Tirupati besides a sales office and R&D centre ...

OUTLOOK: Quippo to start prospecting in Cambay onshore block
Quippo Oil and Gas Infrastructure Ltd (QOGIL), promoted by Srei Infrastructure, expects to start oil and gas prospecting in Cambay onshore block (CB-ONN-2005/11) in the first quarter ...

NEW PROJECTS: Nagarjuna Agri sets up three wind turbines
Nagarjuna Agrichem Ltd has set up three wind turbine generators (WTGs) of 2.1 MW each in Tirunelveli district of Tamil Nadu. “We have invested Rs 34 crore on installing these WTGs,” the company informed the BSE. “We ...

NEW PROJECTS: Bosch Packaging to expand, invest Rs 25 cr in Goa
Bosch Packaging Technology, manufacturers of packaging machinery, last week announced its latest expansion plans for the Indian market with an investment of Rs 25 crore ...

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

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Markets (Oct 11)
Nifty (at close)6,135.85(+32.4)
US Dollar(Buy/Sell)44.42/43
Brent crude (a bbl) Rs3,729
Gold (a gram) Rs1,822
Silver (a kg) Rs35,300

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In Focus
Ban on iron ore exports

Who is hiring?


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Looking back
Oct. 3-Oct. 9
Law Ministry backs TRAI on 2G allocation

Companies strike 225 deals worth $13.5 b in Q2

Godrej Properties to focus on affordable housing

FIPB defers Jet's plan to raise $400 m via QIP

Honda seriously exploring sub-Rs 40,000 slot for bikes

RBI relaxes corporate debt restructuring norms

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