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INDIA BUSINESS WORLD - FEBRUARY 16st - FEBRUARY 29th - 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
BUSINESS NEWS
L&T BAGS RS 1,250CR ORDER FROM ONGCEngineering firm Larsen and Toubro said it has bagged a Rs 1,250-crore order from Oil and Natural Gas Corporation .......More....
ONGC RAISES STAKE BY 30% IN HOEC’S CAMBAY BLOCKONGC has raised its stake in Hindustan Oil Exploration Company’s Cambay basin discovery block by 30%. ONGC...... More....
TCS DRIVES AWAY WITH $120-M CHRYSLER CONTRACTTATA Consultancy Services, the country’s largest software exporter, has said that it has bagged a multi-year contract valued at $120 million from US based..... More....
BLACKSTONE BUYS 10.4% OF ALLCARGOTBLACKSTONE has acquired 10.4% stake in Mumbai-based logistics major Allcargo Global Logistics (AGL) for Rs 242 crore..... More....
HCL TECH BUYS US CO FOR $40 MHCL Technologies has announced the acquisition of US-based software product company, Capital Stream........
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FOSTER’S INDIA’S SABMILLER DEAL UNDER I-T LENS After serving notices to Vodafone on the $11-billion Hutch-Essar-Vodafone deal, the income-tax department has put the $120-million Foster’s India-SABMiller transaction under the lens....... More....
BSE SET TO PICK UP 26% IN NMCEIn a significant step towards foraying into commodities trading, the Bombay Stock Exchange (BSE) has decided to play an active role ....... More....
PE FUNDS BUY 3% IN ACME FOR RS 400 CRMauritius-based private equity (PE) funds Monsoon India Inflection and Jackson Heights Investments have picked up a 3.35% stake in the Gurgaon-based Acme Tele Power for Rs 400 crore.... More....
WESTFORT HOSPITAL RIGHTS ISSUE GETS SC NODThe Supreme Court has ruled that mere unfairness does not constitute oppression, to claim relief under the provision of Companies Act........More....
JUBILANT ORGANOSYS BAGS $92-MILLION CONTRACTDrug firm Jubilant Organosys has said that it has received new contracts worth $92 million (Rs 368 crore) under ......... More....
SC ADMITS PLEA AGAINST SAT’S BAJAJ CASE ORDER The Supreme Court has admitted an appeal of the Securities & Exchange Board of India (Sebi) against a Securities Appellate Tribunal (SAT) ruling on Harinarayan Bajaj and Rahul H Bajaj....More....
HOTEL LEELAVENTURE, GHM TO PART WAYS Hotel Leelaventure has said that it has come to a mutually amicable separation agreement with General Hotel Management (GHM)...... More....
BGR ENERGY BAGS RS 793-CR AP CONTRACTBGR Energy Systems, a supplier of systems and equipment for power, oil and gas industries, has said it has bagged a Rs 793-crore...... More....
SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST (SRFAESI) ACT PUTS BANKS ON FAST TRACK TO DEBT RECOVERY BANKS have been able to recover over 41% of the bad debts for which proceedings were initiated in 2006-07 under the Securitisation and Reconstruction of Financial Assets.....More....
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