Friday, May 16, 2008

india digest

Phoenix Mills launches luxury mall in Mumbai

MMTC floats tender for importing 8 mn ton coal

The National Multi-Commodity Exchange (NMCE) is introducing new series for futures contract in 11 commodities, and three `spread series` in pepper from Friday (May 16

Landmark to invest Rs 42 bn in 12 projects

Voltas is planning to acquire companies overseas to expand its electro-mechanical projects business to newer regions that will help it win new contracts

Wipro plans entry into solar energy biz

Airtel crosses 4-mn subscriber mark in Delhi

JK Lakshmi Cement announced an investment of Rs 11 billion to set up a 2.7 million tons Greenfield plant at Chhattisgarh

Ankit Metal & Power is planning to double capacity at its existing unit in West Bengal

ICICI Bank plans to raise around USD 3 billion for two funds,

DCM Shriram is planning to enter the hybrid seed business and would focus on positioning itself as a key international player

The government has rejected NTPC`s proposal to raise around Rs 60 billion through a follow-on public offering (FPO),

Tech Mahindra has bagged a USD 700-million contract from British Telecom (BT) for transforming and improving latter`s IT infrastructure

Ramsarup Industries has received the CDM (clean development mechanism) clearance from UNFCCC for its 20 mw waste heat recovery-based (WHRB) captive power project (CPP) at Kharagpur

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