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TD Power IPO to hit mkt tomorrow

Wednesday 24th Aug 2011 1252

New Delhi : New Delhi August 23, 2011AC generator maker TD Power Systems plans to enter the capital market tomorrow to raise around Rs 227 crore for expansion and debt repayment.

The issue,....

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Vopak’s operating profits down on 2010

Wednesday 24th Aug 2011 1257

Mumbai : Vopak has reported an operating profit of €217.9 million for the first half of this year, down more than €5 million on the same time last year.

However, the storage....

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SPIC to divest EPC division to Mirador

Wednesday 24th Aug 2011 1250

Chennai : Southern Petrochemicals Industries Corporation Ltd (SPIC) is planning to divest its engineering and construction services division to Mirador Commercial Pvt Ltd. The transaction is estimated to involve Rs 50....

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Tata Chemicals gains on acquisition buzz

Wednesday 24th Aug 2011 1248

New Delhi : Tata Chemicals is trading higher by 1.4% at Rs 354 after the company acquired a stake in EPM Mining Ventures, Canada. Tata Chemical's wholly owned subsidiary, Gusiute Holdings has entered....

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Kiri Industries rises on huge volumes

Wednesday 24th Aug 2011 1254

Mumbai : Kiri Industries has soared more than 11% at Rs 177, extending its two-day 35% rally, on the back of huge volumes. As many as a combined 378,562 shares have....

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Ircon to install signalling system on Lankan tracks

Sunday 21st Aug 2011 1255

New Delhi : Ircon, a railway construction public sector unit, will install signalling and telecommunication system in the Sri Lankan railway network. The project, to be executed in the northern province of Sri....

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Slowdown seen in infra sector orders

Monday 15th Aug 2011 1251

Mumbai : Reduced spending by govts, high interest costs for firms blamed. Trouble in the infrastructure sector has started showing, with order inflows taking a hit this quarter. The construction industry is....

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Kotak Mahindra MF picks pharma, chemical; sells engg, media

Thursday 11th Aug 2011 1246

Mumbai : Kotak Mahindra Mutual Fund has enhanced its coverage in pharmaceuticals, consumer non-durables and chemicals sector. However, it reduced its exposure in engineering & capital goods, cement & construction and....

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Most Indian listed firms not embracing corporate responsibility initiatives

Tuesday 9th Aug 2011 1246

New Delhi : Fewer than one-third of India’s top firms file reports on their corporate responsibilities and only 16% actually have a strategy on this, KPMG found in a recent survey.

The consultancy....

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Global warming melts sensex

Monday 8th Aug 2011 1253

New Delhi : Though India may be relatively immune to the global economic slowdown, Sensex, India's bellwether stock index, is not. In addition to the IT services trio of Infosys, TCS and....

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