Realty-high GSC to spend $1 bn in India over 3 yrs
A down fall in the real estate space does not seem to have dampened US-based private equity finance company Golden State Capital (GSC), which has decided to invest close to $1 billion in India over the...
View ArticleEssar Ports to Spend Rs 1,200 cr in Vizag port
Essar Vizag Terminals, a completely possessed additional of Essar ports, has entered into an agreement with the Vishakhapatnam port Believe in for growth and operation of 3 iron ore berths. The company...
View ArticleAIA Engineering Breaks record high on expansion plans
AIA Engineering Ltd has soared 7 per cent to Rs 483, also its record high on the BSE, after the company said it is amplify its manufacturing production capacity of ware parts from 2,00,000 Mt to...
View ArticleMining Exploration not Satisfactory but New law could bring more funding
Despite being a mineral-rich country, India’s share in the international exploration budget has been less than 0.5 %, which might explain why the country’s proved reserves are only 5-10 % of the...
View ArticleClariant Chemicals to obtain Plastichemix Industries
Mumbai-based Clariant Chemicals, a specialised chemical major, today declared that it would obtain Gujarat-based Masterbatches production Plastichemix business for Rs 135 crore. The acquisition,...
View ArticleTata’s Gets Conditional Nod for Trombay Thermal Plant Transformation
Expert Appraisal Committee connected to the Union Ministry of Environment & Forests (MOEF) has accorded transformation environment authorisation to Tata Power for converting the latter’s 500-Mw...
View ArticleHPL’s might turn Rs 128-cr debt in to equity
HPL’s management is considering turning part of its economical debt into equity, so that it does not have to convert to the Panel for Commercial and Financial Renovation for help. The control...
View ArticleCoal Ministry alerts will cancel blocks of 35 firms
The coal ministry has threatened to cancel allocations of reserves held by six companies, such as Rungta Mines, Essar Power& the state utilities of Jharkhand & MP, as aspect of its continuous...
View ArticleDelaware court rules approval for Apollo Tyre
Gurgaon-based Apollo Car Tyres on Tuesday said the Supreme Court in Delaware, US, had ruled in its favor in the tussle with Cooper Tire & Rubber Co over the completing a $2.5-billion acquisition of...
View ArticleFinance Ministry finally stepped to Continue 1967 Mw Dabhol Project Afloat
The Union finance ministry has finally stepped to continue the problem-ridden 1967 Mw Dabhol project afloat. The department of economic matters has asked the petroleum & natural gas ministry to...
View ArticleTesco-Tata Joint Venture a Test Case for Retail Outlet FDI
The proposed Tesco-Tata joint declared on Tuesday would be a test case for Foreign Direct Investment (FDIs) in Indian retailing. The govt has mandated that foreign companies spend at least $100 million...
View ArticleDLF finishes selling of 74% share in Life Insurance Policy JV to DHFL
Realty firm DLF has finished selling of its 74% share in the joint venture DLF Pramerica Life Insurance to Dewan Housing Finance for estimated Rs 250-300 crore. In July this year, DLF had declared exit...
View ArticleBig Orders Restore the Ignite in Electricals Sector
Infrastructure major Larsen & Toubro on Wed bagged its single biggest order in the power transmitting and delivery sector. The Rs 2,935-crore order for engineering, procurement & construction...
View ArticleMetering should extend to rural areas: BK Chaturvedi
New Delhi: Extending metering in the rural areas is of utmost importance and the power distribution utilities should work towards it, urges B.K. Chaturvedi, Member (Energy), Planning Commission on the...
View ArticleLemminkäinen arm bags $37.32 mn contract
Mumbai: A consortium of Finland based firm Lemminkäinen Oyj and YIT has received a contract worth $37.32 million for the construction of an extension to a container terminal in Klaipeda, a sea port in...
View ArticleAtlas Copco inaugurates compressor plant at Pune
Pune: Atlas Copco, world’s leading brand for innovative and sustainable equipments has inaugurated its new compressor manufacturing plant at Pune. The state-of-the-art lean manufacturing facility was...
View ArticleRailways to import SPART
New Delhi: In an effort to reinstate speedy work and rescue operations during accidents, Pawan Kumar Bansal, Indian Railway Minister, is all set to announce the decision to procure self-propelled...
View ArticleNTPC forms loan facility worth $250 mn with various banks
New York: National Thermal Power Corporation (NTPC) has tied up a term loan facility of $250 million with State Bank of India, New York Branch and Mizuho Corporate Bank, Limited., Singapore Branch as...
View ArticleRenault-Nissan to set up second unit in India
Chennai: Aiming to leverage the business operations, Renault-Nissan plans to shed an investment of $320 million to develop a second plant in India. The Franco-Japanese automotive alliance firm will...
View ArticleRoyal Haskoning wins contract for mini-hydro project in Uganda
Uganda: Royal Haskoning DHV bagged a contract from Uganda’s Ministry of Energy and Mineral Development for the design and construction of mini-hydro power project. Scope of work under the said contract...
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