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Tuesday 5 July 2011

Delhi High Court slaps Rs 1 cr fine on Idea Cellular

Delhi High Court slaps Rs 1 cr fine on Idea Cellular on concerns of incorrect information given on Spice merger.

Reliance Power, Aditya Birla Group's Essel Mining and the RPG Group shortlisted for buying a strategic stake in Australian coal mining

Three top Indian companies, including Reliance Power, Aditya Birla Group's Essel Mining and the RPG Group, have been shortlisted for final round discussions to buy a strategic stake in Australian coal mining firm, MetroCoal. The Australian company plans to raise $600-700 million from the sale.

Page Industries entered into licensing agreement with Speedo International

Page Industries has entered into an exclusive licensing agreement with Speedo International for the manufacture and distribution of Speedo brand swim wear, water shorts, apparel, equipment and footwear with effect from July 01, 2011

Rainbow Papers is planning to invest about Rs 700 crore

Rainbow Papers is planning to invest about Rs 700 crore for its expansion plan at its existing Gujarat unit

Varun Industries has discovered 10 mining blocks of heavy mineral sand

Varun Industries has discovered 10 mining blocks of heavy mineral sand (HMS) in Madagascar. The total HMS resource in these blocks is about 266.8 million tons.

Escorts to list verticals Escort Constructions and Railway and auto comp

Escorts plans to list its verticals Escort Constructions and Railway and auto comp biz in future

Indo Asian Fusegear board is going to consider buyback 10%

Indo Asian Fusegear board is going to consider buyback 10% equity: Sources. Buyback price is likely at maximum Rs 125/share

NIIT is in pact with IBM for career education projects

NIIT is in pact with IBM for career education projects