Reliance Communications (RCOM) may partner with a wealth fund based in the Middle East to directly buy 40% stake in MTN,
Emco is planning to build a 600 megawatt coal-fired power generating plant in Chhattisgarh,
Thursday, July 3, 2008
US economic data
U.S. payroll revisions total 52,000 fewer jobs in April, May
U.S. initial jobless claims rise 16,000 to 404,000
U.S. 4-week average continuing jobless claims 4-year high
U.S. June private-sector payrolls fall 91,000
U.S. 2008 job losses total 438,000
U.S. initial jobless claims rise 16,000 to 404,000
U.S. 4-week average continuing jobless claims 4-year high
U.S. June private-sector payrolls fall 91,000
U.S. 2008 job losses total 438,000
GM may face bankruptcy, says Merrill Lynch
One of the world`s leading financial management and advisory companies, Merrill Lynch said that General Motors Corp (GM) may face the risk of going bankrupt if the US auto market continues to slump, reports Economic Times.
On Wednesday, shares of GM touched a new 54-year low. The auto major will need to raise as much as USD 15 billion in cash to increase its liquidity and face the downturn in the US auto market through 2009.
On the other hand, Merrill Lynch estimates that the company founded in 1908 may need more money to meet the requirements.
On Wednesday, shares of GM touched a new 54-year low. The auto major will need to raise as much as USD 15 billion in cash to increase its liquidity and face the downturn in the US auto market through 2009.
On the other hand, Merrill Lynch estimates that the company founded in 1908 may need more money to meet the requirements.
Glenmark Pharmaceuticals, a major drug maker, signed agreements with Iceland-based Actavis to acquire seven pharmaceutical brands in Poland for an undisclosed amount.
PVR announced the crossing of the 100 screens mark with the opening of a multiplex in Chandigarh comprising of four screens with 1,141 seats
Satyam Computer Services, a leading global consulting and information services provider, announced on Thursday the launch of SatyamStarPower.com, a web portal designed to showcase the creative talents of its employees worldwide
Tera Software bags orders worth Rs 441.4 mn from government of Andhra Pradesh, to implement the computer education programme in the Nalgonda district (280 Schools)
GEI Industrial received orders worth Rs 500 million from the oil and gas sector. The company received order for supply of air cooled heat exchangers from Essar Construction India for the Essar refinery expansion project coming up in Vadinar.
Singapore based GIC SI bought 25.4% equity stake in S.Kumars Nationwide`s Reid & Taylor (India) (RTIL) for Rs 9 billion. The deals values Reid & Taylor at Rs 35.4 billion...
Pan Atlantic of Dubai acquired 40% stake in the SPV created by Sobha Developers with an investment of USD 10 million via the FDI route,
PVR announced the crossing of the 100 screens mark with the opening of a multiplex in Chandigarh comprising of four screens with 1,141 seats
Satyam Computer Services, a leading global consulting and information services provider, announced on Thursday the launch of SatyamStarPower.com, a web portal designed to showcase the creative talents of its employees worldwide
Tera Software bags orders worth Rs 441.4 mn from government of Andhra Pradesh, to implement the computer education programme in the Nalgonda district (280 Schools)
GEI Industrial received orders worth Rs 500 million from the oil and gas sector. The company received order for supply of air cooled heat exchangers from Essar Construction India for the Essar refinery expansion project coming up in Vadinar.
Singapore based GIC SI bought 25.4% equity stake in S.Kumars Nationwide`s Reid & Taylor (India) (RTIL) for Rs 9 billion. The deals values Reid & Taylor at Rs 35.4 billion...
Pan Atlantic of Dubai acquired 40% stake in the SPV created by Sobha Developers with an investment of USD 10 million via the FDI route,
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