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  • 05-Mar-2010 | Nevin John

    Essar Oil plans Rs 4,000-cr investment for CBM blocks

    The Ruias-controlled Essar Oil plans to invest about Rs 4,000 crore in the next three years for developing its three coal bed methane (CBM) blocks in Jharkhand, Gujarat and West Bengal, having recoverable gas reserve of close to seven trillion cubic ...

  • 12-Feb-2010 | Raghavendra Kamath & Nevin John

    Reliance Brands to launch first Diesel store in March

    One-and-a-half years after signing a joint venture (JV) with Italy's Diesel, Reliance Brands, part of Mukesh Ambani's Reliance Retail, is set to open the first Diesel store in the country, in March.

  • 02-Feb-2010 | Nevin John

    Hindalco to make beverage cans in India

    Kumar Mangalam Birla-controlled Hindalco Industries plans to produce cans for beverages and food giants such as Coca-Cola and PepsiCo from its plant at Hirakud in Orissa. The company has begun dismantling a closed plant of Novelis in Rogerstone, ...

  • 14-Jan-2010 | P B Jayakumar & Nevin John

    JSW Energy to commission 2,000 Mw of power capacity

    JSW Energy, promoted by Sajjan Jindal, aims to commission and synchronise to the grid over 2,000 Mw of power this calendar year. If realised, it will become one of the largest private sector power producers, with power generating assets close to ...

  • 12-Jan-2010 | Nevin John

    RIL eyes Lyondell co-promotership

    Reliance Industries Ltd (RIL) is wooing the LyondellBasell management, especially Russian promoter Leonid Blavatnik, to become co-promoter in the bankrupt Dutch chemical company.

  • 07-Jan-2010 | Nevin John

    Another RIL cash raising on anvil

    Reliance Industries (RIL), which raised Rs 2,675 crore through the sale of treasury shares on Monday, is looking to generate a similar amount over the next few weeks by selling more stock to institutional investors.

  • 31-Dec-2009 | Nevin John

    JSPL may raise offer for Australia's Rocklands

    Chinese firm Meijin leads the bidding war with $176-mn offer.

  • 26-Dec-2009 | Nevin John & P B Jayakumar

    Bangladesh looks at power imports, investment from Indian players

    Bangladesh may soon emerge as a major investment destination for Indian power sector players, as its government is planning nine power projects and a liquefied natural gas (LNG) terminal worth $5 billion, with the help of expert private sector ...

  • 24-Dec-2009 | Nevin John

    RCom to raise Rs 6,300 cr for expansion

    Will use funds to finance operations of group firms; to have a total war chest of Rs 10,500 crore.

  • 23-Dec-2009 | Nevin John

    Steel firms play the retail game, plan major expansion

    Steel trader Kunal Gandhi has stopped going to metal yards – he now buys 80 per cent of his monthly steel requirement of 2,500 tonne from JSW Shoppe at Mumbai’s Vile Parle, which opened three months back.

  • 17-Dec-2009 | Nevin John

    Gas reserves at Essar's Raniganj field 43% more than estimates

    Essar Oil’s recoverable coal-bed methane (CBM) reserve at Raniganj block in West Bangal has been pegged at 1 trillion cubic feet (tcf), 43 per cent higher than the earlier estimate of 700 billion cubic feet (bcf). The basin has 3.5 tcf ...

  • 15-Dec-2009 | Nevin John

    RIL woos Lyondell creditors as mgmt fights back

    New York bankruptcy court to hear former owner’s updated rescue plan today.

  • 10-Dec-2009 | Nevin John

    Essar's Shell acquisition may cost $1.2 billion

    Ruias-controlled Essar Oil (EOL) is looking to seal a deal with Royal Dutch Shell at $1-1.2 billion (between Rs 4,670 and 5,600 crore) for acquiring the global petroleum giant’s three refineries in Europe. EOL has presented its valuation of ...

  • 09-Dec-2009 | Nevin John

    RIL may buy part of LB group's debt

    Mukesh Ambani-controlled Reliance Industries (RIL) is expected to buy out a fifth of LyondellBasell’s $27 billion gross debt and seek a rollover of the balance after acquisition, as a step towards gaining the confidence of creditors in its ...

  • 07-Dec-2009 | Nevin John

    GMR raising Rs 13,000 cr for power, road projects

    In advanced discussions with many domestic lenders, including SBI, Axis Bank and IDFC for raising the debt.

  • 07-Dec-2009 | Nevin John

    L&T, EADS may send revised JV proposal to FIPB

    After the Foreign Investment Promotion Board (FIPB) rejected the proposed defence tie-up between Larsen and Toubro (L&T) and Franco-German aerospace major EADS last week, the companies are discussing a revised proposal, with a new joint venture ...

  • 18-Nov-2009 | Nevin John, Shivani Shinde & P B Jayakumar

    India Inc discovers the power of two

    When US-based drug major Merck bought Schering-Plough early this month, it decided to go off the beaten track. Instead of having one managing director (MD) for the merged entity, it decided to retain both: Naveen A Rao will continue to head ...

  • 17-Nov-2009 | Nevin John

    Tata Steel to invest Rs 1,100 cr to up ore output

    Tata Steel, the world’s sixth largest steel maker, is raising its annual iron ore production by 55 per cent to 17 million tonnes in India over the next two years. The expansion is expected to cost about Rs 1,100 crore.

  • 14-Nov-2009 | P B Jayakumar, Nevin John & Swaraj S Baggongkar

    India Inc gets into bear hug with Russian consumers

    Russians may still be humming their all-time favourite song — mera joota hai japani — but they are now choosing to buy Hindustani in big numbers.

  • 12-Nov-2009 | Nevin John

    Siemens to grow its environmental portfolio

    Siemens, the German engineering giant, says it plans to expand its green energy portfolio to enable ¤25 billion (approximately Rs 1,74,339 crore) savings globally by 2011, with significant carbon dioxide (CO2) reduction from its products and ...

  • 07-Nov-2009 | Nevin John

    Finally, Tata Steel gets land in Vietnam for $5-bn project

    Decision to allocate 725 hectares comes after a long delay.

  • 06-Nov-2009 | Nevin John

    Vedanta Resources to invest Rs 40,135 crore

    Will use money to up metals capacity, power generation.

  • 04-Nov-2009 | Nevin John

    Mukand to revamp business with new range of products

    In a move to revamp the business, speciality steel maker Mukand is looking to improve its product mix by raising the production of its high-value products. The company aims to become a ‘one-stop-shop for speciality steel products’, ...

  • 03-Nov-2009 | Nevin John & Abhineet Kumar

    Ispat Ind to repay Rs 800-cr loan

    The Mittal brothers-led Ispat Industries plans to repay Rs 800 crore of debt in the next financial year to evade the risk of conversion of a part of its debt into equity by creditors. The company has total debt of Rs 7,000 crore lent by 14 ...

  • 02-Nov-2009 | Nevin John

    Tata Tea seeks distribution tie-ups on a global scale

    Indian beverages giant Tata Tea is looking at expanding its global network through tie-ups and acquisitions. The priority is a distribution joint venture with companies of the scale of Coca-Cola and PepsiCo.