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Sumit Moitra

  • Exide to expand capacity next year amid auto sector revival

    Exide Industries has decided to create fresh capacity beginning next year as the first signs of revival in the automobile sector have begun to show up after the car makers reported improvement in sales over the past couple of months following subdued demand in the past two years. The change in...

    Wednesday, 23 July 2014 - 6:45am
  • Tide Water-JX Nippon JV eye business from Japanese automakers

    Lubricant maker Tide Water Oil Co (India) Ltd is eyeing supply pacts with top notch Japanese automobile brands such as Toyota, Honda, Nissan, Mitsubishi and Suzuki as well as Korean brands like Hyundai with the formation of its equal stake joint venture with Japanese conglomerate JX Nippon Oil...

    Tuesday, 22 July 2014 - 7:45am
  • March profit just a blip, not sustainable, says Shipping Corporation of India

    Co back in black in Q1 with Rs 13 crore profit

    Saturday, 19 July 2014 - 6:30am
  • After Adani, Reliance Power gets environmental nod

    Govt clears Chhatrasal mine, the last of three blocks allotted to ultra mega power plant being developed by the company at Sasan, Madhya Pradesh

    Friday, 18 July 2014 - 6:10am
  • Emami to boost healthcare biz with Rs 1,000 crore capex

    After lying low for more than two years after a fire at its hospital in Kolkata took several lives, Emami group is reviving its interest in the healthcare sector by investing more than Rs 1,000 crore in three hospitals.

    Thursday, 17 July 2014 - 7:35am
  • Sembcorp buys Rs 400 crore stake in power project from Gayatri

    In a thumbs-up to the government's move to push investments in infrastructure sector, Temasek-owned Sembcorp has acquired majority stake in its upcoming Indian power project, Thermal Powertech Corp. The Singapore-based diversified group raised its stake from 49% to 65% by acquiring additional...

    Tuesday, 15 July 2014 - 7:25am
  • FirstSource, Spencer's bet starts paying off for CESC

    A raft of positive triggers, all at the same time, is likely to fire up CESC Ltd's valuations. These include expected completion of a major power project in Haldia and turnaround of two of its diversified investments Spencer's Retail and Firstsource Solutions

    Monday, 14 July 2014 - 6:50am
  • Exide Life, Magma may not seek FDI despite govt nod

    Exide Life Insurance Co Ltd and Magma HDI General Insurance Co are unlikely to see any foreign direct investment (FDI) flowing into their companies anytime soon. "We are well-capitalised and not looking at partnership with any foreign player in the short term. In the long term, however, Exide...

    Monday, 14 July 2014 - 6:30am
  • Big boost for road, housing, power, shipping sectors

    With zero tolerance for poor infrastructure and amenities, Jaitley put infrastructure at the core of his budget. A promise to create 'one hundred smart cities by putting in Rs7,060 crore this year and giving the National Highways Authority of India and State Roads Rs37,880 crore with a commitment...

    Friday, 11 July 2014 - 7:35am
  • CIL restructuring, price free-up buzz resurfaces

    The government has again stoked the issue of need for restructuring Coal India Ltd (CIL). The economic survey has raised the demand for freeing pricing of coal, which it indicated is subsidised leading to distortion in the market and wasteful consumption. "The process of restructuring CIL needs to...

    Thursday, 10 July 2014 - 7:45am

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