Royalty terms with Danone for brand on the cards.
An interview with Tata Steel Managing Director B Muthuraman
Mittal Steel India, which will require 8,000 acres -- a mix of government and private land -- in Keonjhar, Orissa, for its proposed 12 million tonne plant, has decided to develop its own rehabilitation and resettlement package.
Posco India is open to realigning its project area and one of the options could be to the south of the site.
In a communication to L&T, the financial institutions on Thursday said they were withdrawing the nominations of Sinha and Deshmukh from the board with immediate effect.
The Larsen and Toubro employee stock option controversy is becoming a major face-off between the financial institutions and the construction major.
This will be over and above a Rs 3,655-crore domestic rights issue and a Rs 4,350 crore convertible preference share issue the company announced last month.
The judge orally observed that the obtaining of this kind of benefit by any such nominee-director raised an important question of morality and, equally, of law.
Financial institutions are facing a Herculean task in convincing their nominee directors not to exercise the employee stock options granted to them
The move opens a debate on the role of independent directors nominated by institutions.
Only a handful of domestic steel producers have announced their results for 2006-07, but the indications are that they will report stellar performances this financial year.
Sources said the company would rope in private equity players in the next round of financing within a year. After reaching a particular scale, the company would also come out with an initial public offer, they added.
Amar Ghosh, a real estate broker, is negotiating a deal with a Mumbai-based company for 65 acres around Singur, 40 km from Kolkata, at Rs 22.5 lakh (Rs 2.25 million) per acre.
As they feel that the rupee may depreciate to 43.75 levels over the next six months.
With the government considering a new Bill to make the Indian Institutes of Management answerable to Parliament, India Inc leaders say the time has now come to grant complete autonomy to these institutes.
Dispute over competing investments may carry on.
The clampdown will be part of a package from the central bank to make end-use norms for external commercial borrowing (ECB) funds more stringent for various sectors.
Sesa Goa has received a showcause notice from the Jharkhand government asking it why its prospective licence for iron ore mines in the state should not be cancelled.
The Bombay high court has lifted the Company Law Board's indefinite stay on all board meetings of Bajaj group holding companies.
Sources close to the development said RIL, which was planning two adjacent economic zones in the coastal district of Raigarh in Maharashtra, is looking to set up three special purpose vehicles (SPVs) to develop the various components of the project.
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