CORPORATE
NEW BUSINESS
Madhucon SPV achieves financial closure
The special purpose vehicle (SPV) set up by Madhucon Projects for undertaking the 129-km stretch of the National Highway between Madurai and Tuticorin achieved financial closure. According to a press release, a consortium led ...
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NEW PROJECTS
Reddy to lay stone for textile unit in Nellore
The Chief Minister, Dr Y.S. Rajasekhara Reddy, will lay the foundation stone for MAS Holdings (Textiles and Garments Unit) at Chintavaram, Chillakur (M), Nellore District on Tuesday. This project was grounded in a record time and is expected to ...
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Honda Motors second car plant to come up in Rajasthan
Honda Motor Co has zeroed in on Rajasthan to set up its second plant in India. The new plant, which will have an initial capacity of 50,000 units, will be set up at an estimated cost of about Rs 900 crore. The company, which operates in India ...
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OVERSEAS INVESTMENTS
IndianOil puts retail plans in Indonesia on hold
Indian Oil Corporation Ltd has put on hold its plans to foray into the petroleum retailing industry of Indonesia. A senior company official said, "After evaluating the business prospects in that country we have decided to put on hold our plans ...
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TRADE & LABOUR UNIONS
NTPC-Simhadri strike called off
The contract workers in the NTPC Simhadri thermal power station here called off their 12-day-old strike seeking higher allowances, after reaching an agreement with the management and contractors on Saturday. The workers were ...
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ALLIANCES & JOINT VENTURES
MoUs worth Rs 4.5 lakh cr signed at Gujarat summit
The `Vibrant Gujarat: Global Investors' Summit-2007' concluded here with the Chief Minister, Mr Narendra Modi, declaring that a total of 330 announcements had been made or memorandum of understanding (MoUs) signed during the two-day event, ...
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OUTLOOK
Pipeline for Rajasthan crude: ONGC, Cairn near consensus
A consensus seems to be emerging between state-owned ONGC and Cairn India Ltd to build a pipeline to transport crude oil found in Barmer, Rajasthan to a nearby port city. This could put to an end to the speculations on how the crude from the ...
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