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  • 30-Oct-2009 | Nevin John

    Tata Tea quits beverage retailing, to focus on branded products

    Tata Tea, the second largest branded tea maker in the world, will exit the beverage retailing business, including Chai Unchai, as part of the group’s strategy to focus on its branded products.

  • 24-Oct-2009 | NEVIN JOHN

    Tata group set for consolidation again

    A fresh round of consolidation is in the offing at the Tata group. India’s largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship companies, with a view to leveraging the value of the ...

  • 22-Oct-2009 | Nevin John

    RIL uses long-term loans, share issues, to build ballast

    In a move to insulate the company from further financial downturns, Reliance Industries (RIL) has mopped about Rs 37,300 crore through long-term loans and issuance of shares during the past financial year.

  • 21-Oct-2009 | Nevin John

    New hope for Sterlite in Asarco bid

    Anil Agarwal-controlled Sterlite Industries has got a leg-up in its takeover battle for bankrupt copper miner Asarco in the US. A district court in Texas has allowed Sterlite to argue for its amended bid of $2.56 billion, which was earlier rejected ...

  • 20-Oct-2009 | Nevin John

    RIL eyes oil refiners in US, Europe

    The company feels valuations are low and the demand would later rise.

  • 14-Oct-2009 | P B Jayakumar & Nevin John

    Birla Group plans Rs 4,000 cr Knowledge Park in Kerala

    Kumar Mangalam Birla-led Aditya Birla Group plans to invest over Rs 4,000 crore in future technologies by setting up a Knowledge Park and a branch of the Birla Institute of Technology and Sciences (BITS) at Kozhikode in Kerala.

  • 08-Oct-2009 | Nevin John

    Essar, Jindal in bid battle for Australian coal miner

    Ruia-controlled Essar Group and Jindal Steel & Power (JSPL) are competing to take over a coal mining company in Australia, a battle that reflects Indian steel makers’ expanding search for global raw material assets.

  • 07-Oct-2009 | Nevin John

    L&T may exit Satyam next week as lock-in expires

    Aims to book profit of Rs 250 crore from open market sale.

  • 05-Oct-2009 | PB Jayakumar & Nevin John

    RIL's innovative buildings' joint venture with Nova off

    Nova’s new owner has decided not to pursue this project.

  • 02-Oct-2009 | Nevin John

    R-Infra may list power distribution, transmission and Metro subsidiaries

    Anil Ambani-controlled Reliance Infrastructure (R-Infra) is considering offering shares of its newly created subsidiaries to the public and looking to bring in strategic financial partners as part of value unlocking.

  • 01-Oct-2009 | P B Jayakumar & Nevin John

    German court sells Reliance's bankrupt unit

    A German bankruptcy court has sold off Reliance Industries’ polyester making subsidiary Trevira GmbH to two local entrepreneurs for an undisclosed amount.

  • 15-Sep-2009 | Nevin John

    Corus to restart another UK unit on rise in demand

    But the plan to cut 528 jobs at the South Wales unit to continue.

  • 15-Sep-2009 | Nevin John & Pb Jayakumar

    Jindal Power plans Rs 4,000-crore IPO

    The Naveen Jindal-led Jindal Power Ltd (JPL), part of Jindal Steel and Power Ltd (JSPL), plans to raise about Rs 4,000 crore from the primary market to partly fund its 2,400 Mw superthermal power project in Chhattisgarh, two sources said.

  • 10-Sep-2009 | Kalpana Pathak & Nevin John

    Videocon, GAIL, HPCL giving up on Oman block

    Consortium unable to strike anything despite much drilling.

  • 08-Sep-2009 | Nevin John

    RIL to beef its global trading desks

    With a focus on the larger fuel markets abroad, Reliance Industries (RIL) is strengthening its existing international trading desks through hiring and by incorporating more desks in the US and Europe. Further, the petroleum major is looking to buy ...

  • 03-Sep-2009 | Nevin John

    Tata Steel's Vietnam plant loses out in priority

    South East Asian country allots land to larger project of Taiwan firm.

  • 02-Sep-2009 | Nevin John & Pb Jayakumar

    RIL to bid for pipeline project in Mexico

    Reliance Industries (RIL), India’s largest private sector firm by market capitalisation, is planning a foray into the global pipeline construction business with a bid for building Rs 3,000 crore worth of oil and gas pipeline in Mexico.

  • 31-Aug-2009 | Nevin John

    Steel industry thinks the worst is over and signals are cheery

    For Indian steel companies, the present may not be perfect, but the future isn’t that tense either. A scenario that prompted Ratan Tata to announce at the Tata Steel annual general meeting last week that the company would raise its European ...

  • 31-Aug-2009 | PB Jayakumar & Nevin John

    Suzlon in talks to sell gearbox unit, Hansen

    European wind turbine makers interested; deal could be $1 billion.

  • 31-Aug-2009 | Nevin John

    Sterlite gets crucial nods; verdict today

    In the protracted bidding war for bankrupt copper miner Asarco, Sterlite Industries has moved a step ahead of rival Grupo Mexico by securing the support of the US company’s creditors, its workers union, the Arizona Attorney General and state ...

  • 29-Aug-2009 | Upasana Kaur & Nevin John

    Dish TV to raise Rs 1,000 crore

    Dish TV, the direct-to-home (DTH) arm of Subhash Chandra’s Essel group, will raise Rs 1,000 crore from foreign markets, issuing foreign currency convertible bonds (FCCBs) in a month.

  • 26-Aug-2009 | PB Jayakumar& Nevin John

    'Our target is to become a leading power generator by 2015'


  • 26-Aug-2009 | Nevin John & Pb Jayakumar

    JSW to raise Rs 9,000 cr in next 18 months for project expansion

    Steel tycoon Sajjan Jindal’s power company, JSW Energy, will borrow around Rs 5,000 crore in the coming year and a half, in addition to around Rs 4,000 crore to be raised from the market and through internal generation, for building 3,000 Mw ...

  • 19-Aug-2009 | Nevin John & P B Jayakumar

    Rallis may merge with Tata Chem

    The Tata group is considering merging pesticide-maker Rallis India, one of the oldest companies in India, with its agro-chemicals flagship Tata Chemicals.

  • 18-Aug-2009 | Nevin John

    Reserves deplete at PMT, Ravva fields

    Operating firms now pumping in thousands of crores to arrest the drop.