Both lenders and promoters will pick up equity in debt-laden Kingfisher Airlines at a substantial 64% premium to its current market price by March 31 if the company keeps its commitment on timelines earlier agreed upon.
FMCG player, Elder Health Care, has decided to give more focus to building its own brands and has lined-up about half-a-dozen launches this year.
Bharati Shipyard plans to focus strongly on the offshore and defence segments and expects over Rs 2,000-crore of orders over the next one year.
Monnet Ispat and Energy has bought a 100-million tonne coal mine in Indonesia. The company has been in serious talks for the past 5 months to buy a 100-million tonne thermal coal mine in Indonesia. The acquisition is now complete and the announcement will happen on Monday.
Air conditioner maker Voltas has signed an agreement with Germany-based Kion Group to establish a joint venture in India for developing and servicing industrial trucks and warehousing equipment.
The finance ministry said that the government should not arm-twist Cairn Energy by linking the approval of the $9.6-billion Cairn-Vedanta deal with disputes between the British explorer and its estranged partner, ONGC. At a time when the episode of Cairn's acquisition by Vedanta is unfolding, the shareholders of the petroleum explorer are facing a confusing predicament. With crude oil prices soaring above $100, a number of broking houses are valuing Cairn's shares at Rs 420 or higher apiece.
Vijay Mallya-led United Spirits (USL) will invest around Rs 600 crore to set up glass manufacturing plants, as the world's largest liquor firm by volume tries to rein in volatile input costs.
State-run Rural Electrification Corporation (REC), plans to raise around $ 1-billion in 2011-12 through a corporate bond issue in the USA.
Consumer products major Procter & Gamble’s (P&G’s) recent move to slash prices of its hygiene products, Whisper and Pampers, is likely to push its rivals to take price cuts soon.
With the Centre’s clean energy cess on coal, Coal India (CIL) is set to pay a little over Rs 2,150 crore on it. The cess is expected to put additional burden on consumers.
Ansal Properties & Infrastructure has booked sales of about 2.92 million sq ft, aggregating to sale value of about Rs 294 crore in the month February.
BF Utilities’ all transactions in relation to the FDI in Nandi Economic Corridor Enterprises (NECE) have been recently completed by NECE.
Corporate giant, Reliance Power has got five out of the 18 hydropower projects for which global bids were invited by the Himachal Pradesh.
Union Bank of India has entered into an agreement with Lintas Media Group for a period of two years from October 01, 2010 to September 30, 2012. As per the agreement, Lintas Media will develop, plan and implement media strategy for the bank.
State Bank of India (SBI) has raised around Rs 150 crore through 3 months certificates of deposit (CDs) at 9.75% and Rs 820 crore via one year CDs at 9.95%.
HDFC Bank, second largest private bank in the country, has inked an agreement with Shri Jirawala Parshwanath Chowis Tirthankar Trust for offering online donation.
Reliance Communications' plan to sell its 50,000 towers asset faces a set back as American Tower Corporation (ATC) is not eyeing these towers. There was an increased speculation that Reliance Communications was being wooed by players to pick up the company’s asset with US headquartered - ATC one among them.
Hindustan Motors (HML), India’s pioneering automobile manufacturing company is set to get its most radical makeover of Ambassador in the six decades of its history.
Spectacle Infotek, a leading provider of software development and support services, has successfully completed implementation of its software to various professional colleges and schools.
Tata Group’s arm Titan Industries (TIL) is likely to enter Indonesia by July this year as a part of overseas expansion plans and it is also looking to appoint local partner in the country.
Engineering solutions company Hindustan Dorr-Oliver (HDO) has received orders worth Rs 54.64 crore from Nuclear Power Corporation of India, or NPCIL, for manufacture and supply of process equipment, namely, emergency condensers and D20 exchangers for its Kakrapar Atomic Power Project in Gujarat and Rawatbhatha Atomic Power Project in Rajasthan.
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