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Friday, December 24, 2010
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MERGERS & ACQUISITIONS: Rio Tinto's Riversdale Mining bid may put Tata Steel in a spot
Rio Tinto's $3.75-billion bid for the Australian miner Riversdale Mining and the latter's enthusiasm for the bid puts its (Riversdale's) largest shareholder, Tata Steel, with a 24.2-per cent stake, in ...
OVERSEAS INVESTMENTS: OVL to swap stake with Petrobras, Ecopetrol
To farm out more than half its stake in Brazilian block. ONGC Videsh Ltd (OVL) has agreed to swap stake with Petroleo Brasileiro SA (PBR) or Petrobras and Colombia's Ecopetrol SA (EC) in two ...
OUTLOOK: Centre's subsidy formula can ‘wipe out' oil refiners
IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation could virtually be wiped out this fiscal if the Centre caps its compensation package at one-thirds of total fuel losses, going by what a Finance Ministry official said ...
OVERSEAS BORROWINGS: India tops fund raising in London bourse
Essar Energy leads with £1.27 b flotation. Essar Energy's £1.27-billion flotation may have been the most high profile Indian listing in London this year, but it was far from being the ...
BUYBACK: Finally, an attractive exit for Nirma investors
Stock's market price of Rs 231 is fairly high. The offer by Nirma's promoters to mop up the public shareholding and voluntarily delist from the BSE and the NSE should offer an attractive exit opportunity ...
OUTLOOK: Adanis to expand coal terminal at Mundra port
The Adani Group, which synchronised India's first supercritical technology-based 660 mega watt (MW) thermal power unit at Mundra on Wednesday, and announced the commencement of a coal handling terminal at the nearby port, is all set to ...
NEW BUSINESS: Greaves Cotton will supply diesel engines for half-tonne Tata truck
Greaves Cotton has bagged a 10-year contract from Tata Motors to supply small diesel engines for its new half-tonne truck. Scheduled to be launched in the last quarter of this fiscal, it may be christened the ...
OUTLOOK: Strong demand will drive corporate profits in Q3: Crisil
Cos may not be able to fully pass on rise in input costs to customers. Greater demand coupled with spending may boost corporate profitability in sectors such as information technology, hospitality, automobile, retailing and consumer durables in ...
CIL shortlists 21 firms to import 250 mt coal
ALLIANCES & JOINT VENTURES:
Pipavav Shipyard in pact with SAAB for defence production
Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna
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