Thursday, November 27, 2008
Religare Enterprises` wholly owned subsidiary, Religare Securities (RSL), has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders.
TVS Motor Company and IndusInd Bank have entered into an agreement through which the company`s (TVS Motor) dealers could avail themselves of structured inventory financing from the bank,
TVS Motor Company and IndusInd Bank have entered into an agreement through which the company`s (TVS Motor) dealers could avail themselves of structured inventory financing from the bank,
Mahindra & Mahindra (M&M)-owned movie production house Mumbai Mantra will raise money from private equity players to fund expansion. The company will invest Rs 4 billion in the next 3-4 years in movie production and intends to use a mix of private equity fund, debt and internal accruals for the same. It is finalising plans to enter into television content space too
Novartis has collaborated with healthcare company USV to market its anti-diabetic product Galvus, in a move that would pitch the pharma company directly against Merck. Novartis plans to pitch this against Merck`s Januvia by pricing it lower in the Indian anti-diabetic market which saw total sales of Rs 16.72 billion till June 2008,
Unitech looks forward to raise Rs 15 billion through the sale of offices, land and a hotel in the next three to four months to tide over the current liquidity crunch and pay off debt,
Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors,
Novartis has collaborated with healthcare company USV to market its anti-diabetic product Galvus, in a move that would pitch the pharma company directly against Merck. Novartis plans to pitch this against Merck`s Januvia by pricing it lower in the Indian anti-diabetic market which saw total sales of Rs 16.72 billion till June 2008,
Unitech looks forward to raise Rs 15 billion through the sale of offices, land and a hotel in the next three to four months to tide over the current liquidity crunch and pay off debt,
Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors,
Kalyani Forge is partially closing hot forging division, metal form division and precision autocomp division, from November 26 to November 28, on account of reduced demand from the market.
Gujarat State Petroleum Corporation (GSPC) has struck oil in one of its onshore wells in Ankleshwar,
Terrorists killed at least 80 people, seized hostages and bombed the Taj Mahal Hotel in the center of the financial capital of India, Mumbai, on November 26th night. At least five grenades were reportedly set off in the Taj, where terrorists were said to have specifically sought out guests with U.S., U.K. or other Western passports.
SAIL announced that the current economic disaster will not obstruct its ongoing expansion plan. In four years, SAIL plans to invest Rs 540 billion in expanding the saleable steel production from 13 million tons to 24.5 million tons. The expansion will entail an investment of Rs 540 billion with a debt-equity ratio of 1:1.
India has failed to meet its intended production target for oil and gas in August and September due to Reliance Industries` (RIL) delay in commercial production at its prosperous Krishna Godavari basin,
Gujarat State Petroleum Corporation (GSPC) has struck oil in one of its onshore wells in Ankleshwar,
Terrorists killed at least 80 people, seized hostages and bombed the Taj Mahal Hotel in the center of the financial capital of India, Mumbai, on November 26th night. At least five grenades were reportedly set off in the Taj, where terrorists were said to have specifically sought out guests with U.S., U.K. or other Western passports.
SAIL announced that the current economic disaster will not obstruct its ongoing expansion plan. In four years, SAIL plans to invest Rs 540 billion in expanding the saleable steel production from 13 million tons to 24.5 million tons. The expansion will entail an investment of Rs 540 billion with a debt-equity ratio of 1:1.
India has failed to meet its intended production target for oil and gas in August and September due to Reliance Industries` (RIL) delay in commercial production at its prosperous Krishna Godavari basin,
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