Thursday, May 15, 2008

india press digest

SBI overhauls JV with GE Money to take control of card biz
Power Finance to receive approx. USD 2-3 bn funding from IIFCL

Bank of Baroda, a leading Indian public sector bank, inked a memorandum of understanding (MoU) with Dubai-based real estate company Dubai Properties

Gold prices drop on profit booking

Kotak Mahindra Bank to raise USD 1.2 bn

MMTC sells jewellery worth Rs 130 mn at gold festival Akshaya Trithya

Crompton Greaves to distribute power in Nagpur

Apollo Tyres plans Rs 10 bn expansion

GHCL is said to be interested in acquiring USA`s second-largest specialty home furnishings retailer, Linens`n Things

Omaxe to build low-cost homes

PNB to commence operations at 4 overseas locations Norway, Dubai, Shanghai and Singapore

Lafarge the world`s second biggest cement maker after Holcim, said it agreed to buy Larsen & Toubro`s (L&T`s) ready-mix concrete (RMC) business for an enterprise value of Rs 14.80 billion

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