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Wednesday 29 June 2011

NFL plans for an FPO

The fertiliser company NFL plans for an FPO that may be arising anytime soon.  They will likely to raise100 Crore through the FPO which can be an equity contribution

Apollo Global Management will invest USD 500 million in Welspun group

Private equity fund Apollo Global Management will invest about USD 500 million in Indian steel pipe manufacturer Welspun group, in the second biggest private equity investment in India this year as firms take advantage of the rapid growth in Asia’s third largest economy.

Positive for Essar and Hindalco Environment Ministry is set to clear Mahan coal block

Environment Ministry is set to clear Mahan coal block. Mahan coal block linked to Essar & Hindalco power plants

HCC likely to get approval from MoEF

MoEF is likely to give nod to Lavasa phase I: Sources. Lavasa will have to comply with 5 conditions

SC gives order in Favour of Tata Motors for Singur land

Supreme Court directed West Bengal government on Wednesday to not come the lands to the farmers until any orders from the Calcutta High Court. Tata Motors' lawyer Mukul Rohatgi said, "They cannot transfer the land until the ultimate orders from High Court." Tata Motors on Tuesday had approached the Supreme Court difficult the Calcutta High Court order refusing its plea to restrain West Bengal government from distributing land to farmers in Singur.