Baoshan Iron and Steel Co will buy a 12.8% stake in a natural gas pipeline in China for CNY 8 billion The Shanghai based steelmaker, the listed unit of Baosteel Group Corp, will take the stake in the 5,220 kilometer pipeline project, ...
Tags: Baoshan Iron and Steel Co, natural gas, pipeline, steel
IRIS reported that Reliance Power fell on December 20th Thursday following completion of 5.42% stake sale by the promoter group companies via Open Offer for Sale on December 19th Wednesday. The OFS received bids worth INR 23 billion and ...
Tags: Reliance Power, fell, stake, sold stake
Business Standard reported that GAIL is not in favour of letting go its first right to buy the Asian Development Bank's 5.2% stake in Petronet LNG Ltd. Mr BC Tripathi CMD of CMD of GAIL on the sidelines of a Ficci seminar on energy ...
Tags: Asian Development Bank, Oil, Natural Gas, petroleum
Tata Power Company renamed its solar-energy venture and appointed a new chief executive for the unit. Tata BP Solar India Ltd.will now be called Tata Power Solar Systems Ltd.,the country's largest private power company by capacity said in ...
SteelOrbis reported that on December 19 Hubei Province based Chinese steel producer Wuhan Iron and Steel Group announced that it will increase its investment in Chinese coal mining company China Pingmei Shenma Group by CNY 600 million. ...
Tags: steel, Wuhan Iron and Steel Group, investment, coal mining, coking coal
LITTLETON, CO (BRAIN) — Giant USA took over operations of its flagship Giant Cycling World near Denver from its owners on Wednesday in an attempt to improve the shop's performance. In a letter sent to Giant's retailers this week, ...
Tags: Cycling, Denver flagship, Cycling World, Giant USA
Singapore:The International Furniture Fair Singapore(IFFS)has named Ernie Koh as its new chairman. Mr Koh,who is executive director of Koda,has succeeded Andrew Ng,deputy CEO of Lorenzo International.Mr Ng will remain on the board of ...
Tags: Singapore Furniture Fair, expansion plans, ownership stake
Gerresheimer has acquired a majority stake in the Indian company Triveni, a manufacturer of plastic containers and closures for the pharma industry, for an undisclosed sum. Gerresheimer CFO Hans-Jürgen Wiecha said the acquisition is ...
Tags: Gerresheimer, Pharma Packaging, Packaging
Informed sources say potential buyers for R&R Ice Cream put their first-round bids on the table this week – with the firm founded by US Republican presidential candidate Mitt Romney rumoured to be in the running. Bain capital ...
Tags: Private Equity Firms, Majority Stake, Ice Cream, Food
THE Coega Development Corporation said that it had started recruiting for the first 143 posts out of a possible 800 being created at Agni Steels South Africa’s smelting plant in the Coega industrial development zone. The wholly ...
Tags: Agni Steel, smelting plant, steel mill, steel
The enterprise software market on Thursday suddenly got an intimate look inside Workday, a red-hot startup that makes cloud applications for human resources and financials, with the public release of its S-1 IPO filing. Workday, which was ...
Tags: enterprise software market, intimate look, Workday, IPO filing
Vicinity Manufacturing held first annual Caribbean customer conference in Barbados, West Indies. ATLANTA, GA, December 21, 2012 /24-7PressRelease/ -- Process manufacturing software developers Vicinity Manufacturing , hosted FOCUS: ...
Tags: software, software solution, latest software
BNamericas reported that unionized workers at the BHP Billiton controlled Escondida copper mine in northern Chile's region II are doubtful about the prospect of reaching a favorable agreement with management as part of the early collective ...
Tags: copper mine, mine, copper, copper concentrates
Nokia reported a 39% year-on-year drop in the number of smartphones it sold in the second quarter, to 10.2 million, while its net loss more than trebled. The company's total revenue for the quarter fell 19% year over year, to 7.54 billion ...
Tags: Nokia, Q2, Smartphone, Sales
Business Line reported that L&T will divest its stake in Dhamra Port Company Ltd, a 50:50 JV between TATA Steel and L&T, is no longer news. What generates speculation is who could be the probable buyer of the stake. Several names float ...
Tags: TATA Steel, Dhamra Port, Construction