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CORPORATE
COURTS/LEGAL ISSUES:
Court allows farmers to reclaim Reliance Power's Dadri project land
Acquisition Rules not complied with: Allahabad High Court. In what could be a major setback for the Anil Ambani group, the Allahabad High Court on Friday in effect cancelled the acquisition of 2,500 acres of agricultural land for the group's Rs ...
COURTS/LEGAL ISSUES:
Acquisition not set aside: Reliance Power
Reacting to the judgment, Reliance Power said that the High Court of Allahabad has not set aside the land acquisition for the ...
OUTLOOK:
Corus plans to keep some Teesside facilities running
Partial shutdown to reduce job loss. Tata Steel Europe (Corus) has decided to keep open some facilities at its troubled Teesside Cast Products (TCP) in contrast to the earlier plan of mothballing the ...
ALLIANCES & JOINT VENTURES:
GM-Shanghai Auto venture to launch LCV in 2011
Collaboration to look beyond commercial vehicles. General Motors (GM) India said on Friday that the first vehicle produced in collaboration with Chinese automaker Shanghai Automotive Industry Corporation (SAIC) would be a one-tonne light ...
OUTLOOK:
Marriott to have 18 properties by 2010
Hospitality major Marriott today commissioned its seventh property in India and its first Courtyard business brand hotel in the ...
NEW PROJECTS:
Sai Exports to invest Rs 560 cr in Shimoga textile parks
Bangalore-based Sai Exports, a garment manufacturing company, will set up a textile park on 250 acres in Shimoga, the home district of the Chief Minister, Mr ...
OUTLOOK:
Coal India yet to implement import linked prices
Permitted to set the price in Oct. Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reserve of 12-13 million tonnes of A- and B-grade high quality coal. ...
ALLIANCES & JOINT VENTURES:
Bharat Forge-Alstom venture to set up plant at Mundra
The Bharat Forge-Alstom joint venture to make power equipment at an investment of Rs 2,400 crore is setting up the plant in the ...
NEW PROJECTS:
Viceroy Hotels to add 3 more properties with Rs 1,000-cr capex plan
Viceroy Hotels Ltd, the Hyderabad-based hospitality player, is working on a capital expenditure plan of over Rs 1,000 crore, which would significantly expand its operations with the addition of ...
OVERSEAS INVESTMENTS:
Reliance Ind arm divests 20% stake in Colombian blocks
Reliance Exploration and Production DMCC (REP), a venture of Reliance Industries, has divested 20 per cent stake in two Colombian deepwater blocks to Ecopetrol, Colombia's national oil company. The farm-out agreements between REP and ...
NEW BUSINESS:
Reliance Infra group bags Pune-Satara 6-lane project
The Reliance Infrastructure-led consortium has won the Rs 1,725-crore National Highway Authority of India (NHAI) project to construct a six-lane highway between Pune and Satara in Maharashtra. The project is expected to be operational by ...
MERGERS & ACQUISITIONS:
Court nod for merger scheme of Emami, Zandu biz
The Calcutta High Court has approved the Scheme of Arrangement of de-merger and merger of businesses between Emami Ltd, Zandu Pharmaceutical Works Ltd and Emami Infrastructure Ltd, according to a release issued by ...
OUTLOOK:
REC looks to raise Rs 4,500 cr through follow-on offer
Government-owned Rural Electrification Corporation (REC) has filed a draft red herring prospectus with SEBI for a follow-on ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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