Business Line reported that Reliance Power has synchronized the second of its two 300 MW units at its Butibori thermal power project near Nagpur in Maharashtra. Power generated will be distributed to industrial and distribution utilities ...
Tags: Reliance Power, Power generated, power plant, power
Business Line reported that the Competition Commission of India has given its approval to the acquisition of Future group's Pantaloon brand business by Aditya Birla Nuvo. Aditya Birla Nuvo Ltd, through a subsidiary, had proposed to acquire ...
Tags: Competition Commission of India, Future group, Pantaloon, retail
Business Line reported that Coastal Gujarat Power Ltd, a 100% subsidiary of TATA Power developing the 4,000 MW Mundra Ultra Mega Power Plant, provided free healthcare treatment to the Tragadi bunder fishermen community at Mundra. This ...
Tags: TATA Powe, healthcare treatment, fishermen, Mundra
Business Line reported that the Finance Ministry has imposed safeguard duty on imports of electrical insulators from China for a period of 2 years. This move follows the recommendation of director general in its final findings in ...
Tags: Finance Ministry, electrical insulators, imports, India, China
Business Line reported that the promoters of the ailing Hinduja Foundries will not let the company slip into sickness. Just last week, the company decided to report its status to the Board for Industrial and Financial Reconstruction on ...
Tags: Hinduja Foundries, India, ailing, company news
Business Line reported that Ambuja Cements Ltd plans to invest INR 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add 5 million tonne capacity to the company’s total ...
Tags: Ambuja Cements Ltd, capacity expansion, Cements, company news
Business Line reported that the fate of BOT berths to be built at Paradip port by way of PPP to handle iron ore and coal continues to be uncertain. The concession agreements between the successful bidders and the port authorities for ...
Tags: BOT berths, Paradip port, iron ore, coal
Business Line cited Mr E Sudhir Reddy chairman of IVRCL as saying that several regulatory changes need to be brought about to accelerate the growth of the country’s infrastructure, which is now in a state of considerable stress. Mr ...
Tags: infrastructure, Change Norms
Business Line reported that Mr MP Purushothaman chairman of Empee Distilleries’ as saying that with Empee Distilleries’ major projects going on stream and a restructure at an advanced stage, the company hopes to do better in the ...
Tags: Empee Distilleries, MP Purushothaman, commercial development
Business Line reported that Ashok Leyland, the Hinduja Group flagship, recently launched its new 5 axle truck. Offering a payload of up to 25 tonnes, the company said that is one of the most efficient vehicles in its category. A new ...
Tags: Ashok Leyland, transport, payload, company news
Business Line reported that Mahindra First Choice,the retailer of used cars,is to have some 500 outlets in the country by the end of 2015.The company is also planning to establish 10 outlets in J&K over the next 18 months.Mahindra First ...
Tags: M and M First Choice, More Outlets, J and K
Business Line reported that Volvo Auto India will bring its INR 25 lakh car, V40 Cross Country, unveiled recently in Paris, to India in March or April 2013 and increase its overall marketing budget in the country from INR 16 crore to INR 20 ...
Tags: Volvo Auto India, lakh car, overall marketing budget, India
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
Business Line reported that Sesa Goa shares may remain in focus as iron ore prices are trading at a seven month high. Iron ore prices gained momentum as China’s factory output and retail sales jumped for the last three months, ...
Tags: Sesa Goa, iron ore prices, China, factory output, retail sales
Business Line reported that growth rate of 8 core sector industries declined to 1.8% in November, from 7.8% in the same month last year, due to drop in production of coal, natural gas and cement. The 8 core sector industries had registered ...
Tags: coal, natural gas, cement, growth rate