Battered by the historic decline in global crude oil prices, Cairn India has announced a 58% cut in its projected capital expenditure for the next financial year to US$500mn from the earlier projection of US$1.2bn.
Reliance Defence Systems along with Reliance Infrastructure is all set to make a big bang entry into the defence sector by acquiring Pipavav Defence in an all-cash deal.
Battered by the historic decline in global crude oil prices, Cairn India has announced a 58% cut in its projected capital expenditure for the next financial year to US$500mn from the earlier projection of US$1.2bn.
Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal mine auction.
Mahindra Holidays, the leisure hospitality market leader from the Mahindra & Mahindra group will invest Rs5bn in setting up 8-9 new resorts in the country over the next 18-20 months.
The Bombay High Court adjourned hearing of the petition filed by Financial Technologies (India) pledging to restrain the Ministry of Corporate Affairs' attempt to supersede FTIL board for which the MCA approached the Company Law Board.
Bajaj Auto launched Bajaj Platina electric start. The company claims it to be the most fuel efficient bike in 100 cc segment to deliver 96.9 kmpl as per ARAI testing.
Adani Group has concluded the Rs42bn deal to purchase Avantha group's 600MW Korba West power plant. The two companies signed an MoU last November and have now signed a binding share purchase agreement for 100% acquisition of the power plant, Avantha group announced.
HDIL has put on the block an industrial plot in Gujarat as part of its plans to reduce debt.
State Bank of India plans to raise between Rs110bn and Rs150bn via share sale by next month end, two sources directly involved in the process said.
To cater to the rising demand, Grasim Industries completed the last phase of its greenfield VSF plant at Vilayat in Gujarat. With this, the company’s VSF capacity at Vilayat is enhanced to 120,000 tonnes per annum.
Tata Steel’s arm in Canada is expected to commission later this month its integrated all-weather iron ore processing facility near its mine site in the North American country.
Stempeutics Research has received a process patent from the United States Patent and Trademarks Office for its novel stem cell-based drug Stempeucel. The company is part of the Manipal Education and Medical Group and Cipla entered into a joint alliance with it in 2009.
Titagarh Wagons said its board has approved raising up to Rs2.5bn through issuance of equity and splitting of shares of the company into a ratio of 1:5.
IDBI Bank said it proposes to raise Rs200bn through bond issuance from domestic market next fiscal.
Reliance Defence Systems along with Reliance Infrastructure is all set to make a big bang entry into the defence sector by acquiring Pipavav Defence in an all-cash deal.Battered by the historic decline in global crude oil prices, Cairn India has announced a 58% cut in its projected capital expenditure for the next financial year to US$500mn from the earlier projection of US$1.2bn.
Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal mine auction.
Mahindra Holidays, the leisure hospitality market leader from the Mahindra & Mahindra group will invest Rs5bn in setting up 8-9 new resorts in the country over the next 18-20 months.
The Bombay High Court adjourned hearing of the petition filed by Financial Technologies (India) pledging to restrain the Ministry of Corporate Affairs' attempt to supersede FTIL board for which the MCA approached the Company Law Board.
Bajaj Auto launched Bajaj Platina electric start. The company claims it to be the most fuel efficient bike in 100 cc segment to deliver 96.9 kmpl as per ARAI testing.
Adani Group has concluded the Rs42bn deal to purchase Avantha group's 600MW Korba West power plant. The two companies signed an MoU last November and have now signed a binding share purchase agreement for 100% acquisition of the power plant, Avantha group announced.
HDIL has put on the block an industrial plot in Gujarat as part of its plans to reduce debt.
State Bank of India plans to raise between Rs110bn and Rs150bn via share sale by next month end, two sources directly involved in the process said.
To cater to the rising demand, Grasim Industries completed the last phase of its greenfield VSF plant at Vilayat in Gujarat. With this, the company’s VSF capacity at Vilayat is enhanced to 120,000 tonnes per annum.
Tata Steel’s arm in Canada is expected to commission later this month its integrated all-weather iron ore processing facility near its mine site in the North American country.
Stempeutics Research has received a process patent from the United States Patent and Trademarks Office for its novel stem cell-based drug Stempeucel. The company is part of the Manipal Education and Medical Group and Cipla entered into a joint alliance with it in 2009.
Titagarh Wagons said its board has approved raising up to Rs2.5bn through issuance of equity and splitting of shares of the company into a ratio of 1:5.
IDBI Bank said it proposes to raise Rs200bn through bond issuance from domestic market next fiscal.
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