PFC may raise 5k cr via bond issue in FY'12

PFC may raise 5k cr via Tax Free bond issue in FY'12
"We are awaiting the Ministry of Finance's nod to allow Power Finance Corp to raise Rs 5,000 crore through tax-free bonds in the current fiscal," a senior Power Ministry official said

IOL Chemicals & Pharmaceuticals' got recognition from Department of Scientific & Industrial Research

IOL Chemicals & Pharmaceuticals' in-house research & development unit has got recognition from Department of Scientific & Industrial Research, Ministry of Science & Technology, New Delhi

State Trading Corporation of India has recommended dividend of Rs 3 per share

The State Trading Corporation of India has recommended dividend of Rs 3 per share for the Year 2010-2011

Aanjaneya Lifecare has received certificatefrom the European market for drugs Quinine sulphate and Quinine hydrochloride

Aanjaneya Lifecare has received the certificate of suitability from the European market for two of its bulk drugs Quinine sulphate and Quinine hydrochloride. The company has also bagged orders worth Rs 60 crore from Wockhardt, Cipla, Remedica, Tanzania Pharmaceutical, Activo SA and Pharmed Europe.

Cairn Energy approves removal of non-compete fee for deal with Vedanta

Cairn Energy approves removal of non-compete fee for deal with Vedanta. Removal of non-compete fee reduces sale price to USD 7.85/ci. Now Vedanta will buy Cairn energy at 355 rs/Share instead of 400 Rs/ Share.

NTPC commissions 660 MW unit at Sipat

State-run power major NTPC said it has started operations of the first super critical 660 MW unit at Sipat plant in Chattisgarh. The plant, located in Bilaspur, has an installed capacity of 2,980 MW

Finance Ministry may abolish customs duty on rubber up to 1 lakh tonne

Finance Ministry may abolish customs duty on rubber up to 1 lakh tonne. Removal of duty is likely due to rising domestic rubber prices

ITC may be going into Tea, Coffee and Chocolate businesses

ITC Chairman, YC Deveshwar says that ITC may be going into Tea, Coffee and Chocolate businesses

ABG Shipyard is getting into Defence Foray

ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships. The two ships will be used for providing basic training to the naval cadets and trainees and carrying out disaster relief, search and rescue operations, with the capability to carry light helicopters.