Biz Briefs

Jul 17, 2010 |

Correspondent

Exim Bank, that provides finance facilities, is collaborating with Export Credit Guarantee Corporation for structuring new credit tools where government or multilateral lines of credit are not available.

Cera Sanitary will invest up to Rs 62 crore on setting up new facility, research centre and expansion of its existing plants, and was exploring takeover targets in Europe.

Private equity fund management company IL&FS Investment Managers recorded a marginal decline in net profit at Rs 17.68 crore for this quarter , 2010, on account of foreign exchange fluctuations.

Consolidated Construction Consortium Ltd on Friday entered into a joint venture with Tamil Nadu Industrial Development Corporation for setting up a SEZ on food processing in Tuticorin district.

India’s tea imports declined by 7.6 per cent to 7.49 million kg during 2010 mainly due to the fall in shipments from Iraq, Indian Tea
Association said on Friday.

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