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Thursday, December 27, 2007
OVL to take stake in Venezuelan field
Will form a venture to operate the project
Three regulators to retire
SEBI chief Damodaran’s term ends in Februrary
Energy sector needs $150 b over five years
Long-term vision, adequate policy and regulatory support imperative
XL Telecom to set up solar farms in Europe
Rs. 1,000 crore investment envisaged; targets 28 MW capacity for the first year
Spice to sell 875 telecom towers
MUMBAI: Spice Communications on Wednesday said it would sell 875 telecom towers to a tower operating firm and would raise over $800 million through debt. ...
Warburg picks up stake in Amtek
MUMBAI: Foreign fund Warburg Pincus International on Wednesday increased its stake in auto ancillary firm Amtek India by picking up 2.79 per cent stake for Rs. 59.15 crore through open market transactions. ...
ASCI meet in Mumbai
NEW DELHI: The Advertising Standard Council of India (ASCI) is organising an interactive meet with the members of the European Advertising Standard Alliance (EASA), led by Chairman Jean Pierre Teyssier, on January 4 in ...
Posco to buy Malaysian steelmaker
SEOUL: South Korean steelmaker Posco said on Wednesday that it has signed a contract to buy a controlling stake in a privately held Malaysian steelmaker in its first overseas acquisition. ...
L&T bags contracts in Oman
MUMBAI: Larsen and Toubro on Wednesday said that its joint venture in Oman had bagged three contracts worth Rs. 748.70 crore.
India pips Russia in IPO
NEW DELHI: Indian bourses saw $8.3-billion worth of initial public offers in 2007, but this is just a shade higher than the world’s single-largest IPO from Russia’s VTB Bank which garnered $8 billion, according to data compiled by ...
New MD for Siemens
NEW DELHI: Siemens has appointed Armin Bruck as its new Managing Director. He will succeed Juergen Schubert. Dr. Bruck is now a whole-time director on the board of Siemens and responsible for its energy business in India. ...
VSNL sells 10 p.c. equity in VSNL Lanka
CHENNAI: Videsh Sanchar Nigam Ltd. (VSNL) has informed the Bombay Stock Exchange that it has sold 15.18 lakh shares representing 10 per cent of the paid up capital in its wholly-owned subsidiary VSNL Lanka Ltd. The shares have been acquired by ...
Spanco makes foray into domestic BPO space
MUMBAI: Telecom system integration company Spanco Telesystems and Solutions, Mumbai, has made a foray into the domestic business process outsourcing (BPO) segment with an initial investment of Rs. 400 crore. Known as Spanco BPO, the new ...
SpiceJet commences second Boeing fleet
CHENNAI: SpiceJet has commenced its second Boeing 737-900 ER fleet. According to a release, this aircraft will operate in Delhi, Mumbai, Ahmedabad and Bangalore sector. It will also induct three more such aircraft to its fleet by September ...
Gemini Communication bags BSNL order
CHENNAI: Gemini Communication has partnered with Midas Communication Technologies Private Limited for a Rs. 260 croe BSNL order for the implementation and deployment of enhanced digital wireless access system with broadband internet access ...
Refex ties up with TV18
CHENNAI: Refex Refrigerants has entered into a partnership with TV 18. According to a release, TV18 will promote Refex activities through its various media channels and create awareness on environmental friendly HFC gas which is mainly used ...
New ED for Dalmia Cement Ariyalur project
TIRUCHI: S. S. Jain has been appointed Executive Director – Ariyalur project at Dalmia Cement (Bharat) based at Ariyalur. Mr. Jain will lead the execution of the Ariyalur project, says a company release. The company is executing two ...
New President for Cotton Association
CHENNAI: P. D. Patodia has been elected President of the Cotton Association of India (CAI) for 2007-08. Mr. Patodia is on the CAI’s board since 1984 and has been Vice-President since 2002. He is also the president of the Confederation of ...
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