Thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the current fiscal amid government efforts to boost domestic output, led by state-owned Coal India Ltd.
IDFC Bank hopes to fill the space being left by the inability of state-run banks to expand their balance sheet due to capital constraints, as it builds its retail franchise.
Thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the current fiscal amid government efforts to boost domestic output, led by state-owned Coal India Ltd.
Videocon is aiming at an annual turnover of USD4bn in the next four years from consumer electronics division on the back of product launches and exports growth.
NTPC expects to commission the first 800 Mw unit of its 4,000 Mw Kudgi super thermal power project in Karnataka in the current fiscal.
Eicher Motors plans to double the manufacturing capacity of its two-wheeler arm Royal Enfield to 0.9mn units per annum by 2018 to meet robust demand of its motorcycles.
Orient Green Power Company Limited to enter into a Memorandum of Understanding (MoU) with Sindicatum Captive Energy Singapore Pte Limited (Sindicatum), to divest entire stake held in Orient Green Power (Maharashtra) Private Limited towards sale of 20 MW co-generation power project in Kolhapur, Maharashtra.
Piramal Enterprises has acquired baby care brand Little's strengthening its consumer business portfolio. The company did not disclose the deal size.
Minority shareholders in Essar Oil can expect the floor price for the delisting process to be reset in the Rs147-150 range, according to preliminary calculations made by market experts. The original floor price had been set at Rs108.15 when the delisting had been approved by shareholders in August 2014.
The Gujarat State Fertilizers & Chemicals Limited (GSFC) will soon export its first consignment of nylon fibre industrial products to African countries, a top company official said.
Hester Biosciences (HBL), a leading animal health care company, is expanding its footprint in Nepal and Africa to tap the growing vaccine market in the regions.
Dr Reddy's Laboratories suffered a setback after the US Food and Drug Administration issued a warning letter to three of its key manufacturing facilities. The sites located at Srikakulam and Duvvada in Andhra Pradesh and Miryalaguda in Telangana are important contributors to the company's US operations and supply disruptions may hobble growth prospects, experts said.
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