• OGPL in a JV with Nishi-Nippon

     A part of the Chennai-based Shriram Group, Orient Green Power Company Ltd (OGPL) on 19 August 2010 tied up with Nishi-Nippon Environmental Energy Co of Japan to form a joint venture called Orient Eco Energy Ltd (OEEL) to set up a 7.5-MW biomass power project.

    Mar 14, 2011
  • Notice Sent to SEBI, RNRL & Reliance Power

    The Madras High Court on 17 August 2010 asked market regulator Sebi, RNRL and Reliance Power to reply to allegations that the merger between RNRL & Reliance Power caused investors a loss of over Rs 800 crore.

    Mar 14, 2011
  • ICICI, SBI Raised Benchmark Lending Rate

     ICICI Bank raised its benchmark lending rate by 50 basis points to 16.25 per cent on 16 August 2010, thereby making home, auto and corporate loans costlier.

    Mar 14, 2011
  • GPPL Raised 92 crore through IPO

    Private port developer Gujarat Pipavav Port Ltd (GPPL) on 22 August announced that it raised nearly Rs 92 crore by roping in 20 anchor investors for its initial public offering, which opened on 23 August 2010 and ended on 25 August 2010 for the institutional buyers (QIBs) and on 26 August for the non-QIB investors.

    Mar 14, 2011
  • Dr. Reddy's & Bajaj Auto Re-enter the NSE's S&P CNX Nifty

    Dr. Reddy's Laboratories and Bajaj Auto are to re-enter the NSE's S&P CNX Nifty from 1 October 2010.

    Mar 14, 2011
  • Achuthan Committee Submitted Report

    The Takeover Regulations Advisory Committee which was constituted under the Chairmanship of C.

    Mar 14, 2011
  • Credit Rating of Vedanta Resources Downgraded

    Fitch Ratings on 17 August 2010 downgraded the credit rating of Vedanta Resources stating the possible risk involved in the London-listed Vedanta’s proposed acquisition of oil exploration firm Cairn India.

    Mar 14, 2011
  • Workshop on Solar Inverters Held

    India Semiconductor Association, the apex trade body representing the electronic systems design and manufacturing industry,

  • Credit Monitoring & Credit Administration Wing of Canara Bank

    Canara Bank  in August 2010 bifurcated its current credit monitoring wing into two separate credit monitoring and credit administration wings.

    Mar 14, 2011
  • REIL Won Rs 300 Crore Order

    Rajasthan Electronics and Instruments Limited (REIL) recently received a Rs. 300-crore order to power computers in 10,000 panchayat samities and

    Mar 14, 2011
  • Blackstone Group Picked Stakes in Moser Baer

    The Blackstone Group invested about Rs 1399 crore ($300 million) in August 2010 to pick up a minority stake in Moser Baer Projects Pvt Ltd.

    Mar 14, 2011
  • Reckitt Benckiser to Buy SSL

    Consumer goods group Reckitt Benckiser recently agreed to buy SSL which is the maker of Durex condoms and Scholl sandals

  • Mou between Allahabad Bank & Ural India Ltd

    Allahabad Bank recently entered into a strategic partnership with Ural India Ltd, the manufacturer of heavy vehicles.

  • Indian Lupin 5th Largest Company in the US Generic Market

    According to global market research agency IMS Health, Indian drug maker Lupin Pharmaceuticals Inc, a wholly-owned subsidiary of Lupin,

  • GTL Infrastructure Bought Aircel Towers

    GTL Infrastructure declared on 19 July 2010 that it recently acquired 17,500 towers from telecom operator Aircel for Rs 8,026 crore.

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