Tata Motors plans to raise deposits from public. Tata Motors will pay as much as 11% annual interest on deposits held for three years, the company said today in an advertisement in a pink daily.
The board of India Infoline has approved a share buyback of up to 10% of the paid up equity capital and free reserves of the company. The company would pay a maximum of Rs 43.20 a share, or Rs 98.91 crore, the comapny said.
The board of United Spirits has approved the amalgation of Balaji Distilleries. The board has also recommended an issue of two equity shares of United Spirits for every 55 held in Balaji Distilleries, it said in a statement.
Reliance Industries has reportedly inked pact with 3 power companies of Rajasthan- Jaipur Discom, Ajmer Discom and Jodhpur Discom in order to sell solar energy.
GVK Power and Infrastructure is reportedly set to complete its Rs 2069 crore Alaknanda hydro power project in Rishikesh before the schedule.
NTPC and CIL have reportedly reached an agreement after the end of the month old hassle over supply of coal following the Central Electricity Authority's intervention.
Moser Baer reportedly plans to set up an LCD television manufacturing unit in Chennai by next year.
The Department of Disinvestment has directed public sector undertakings that are planning to raise funds from the capital market to complete their due diligence processes and sort out administrative issues.
Sweden-based electronic products maker, LAVA Electronics is reported to be in talks with real estate firms Ansal APL, Omaxe and Parsvnath Developers for a possible India entry through a franchisee.
A special economic zone in Mangalore in the southern state of Karnataka, to be co-developed by state-run oil company, Oil and Natural Gas Corporation, the Karnataka Industrial Areas Development Board, Infrastructure Leasing & Financial Leasing & Financial Services and Kannara Chamber of Commerce and Industry, has reportedly run into trouble with local farmers complaining of forcible acquisition.
Sun Pharmaceutical Industries has reportedly lost out on a $3 billion revenue potential from the US market after a rival beat it to gain the US regulators's approval the sell the world's best selling anti-depressant.
Cement manufacturers have reportedly urged the government to rationalise the tax structure for the industry in order to sustain the 10% growth.
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