Coromandel in deal with Shell firm
Coromandel Internat-ional Ltd has signed a License Agreement with Shell Research Ltd for the Shell Thiogro technology to produce ammonium phosphate-based fertilisers containing elemental sulphur. This
Deora’s talks with petrol dealers fail
The talks between the petroleum ministry and the petrol pump owners on Monday failed to reach on any conclusion. “The talks have failed and we will go with our indefinite nation-wide strike from Septe
Licensing documents for KYC
Banks can now accept registration and licensing documents issued by the central or state governments as identification proof for opening proprietary accounts as per Know Your Customer norms, the RBI s
Diamond mining nod for Rio Tinto
The mines ministry said it will soon grant licence to global mining giant Rio Tinto to mine diamonds in Madhya Pradesh’s Bunder region. Rio Tinto has plans to invest `2,200 crore on a diamond mining p
Chola to raise `150cr from 6 firms
The Board of directors of the Cholamandalam Investment and Finance Company Limited, a Murugappa group company, seeks to raise `150 crore through preferential allotment of shares. It proposes to issue
Sun wins case against Israeli firm
Sun Pharma, which was fighting a takeover battle with Israeli pharma major Taro, on Wednesday said that the Supreme Court of Israel has given the ruling in favour of the company. The Court has unanimo
Vodafone gets HC flak in I-T case
The Mumbai High Court on Wednesday dismissed European telecom major Vodafone’s plea challenging the Rs 12,000-crore tax plus penalties demand of the income-tax department. Vodafone, through its group
L&T expects 17% step up yearly return
INFRASTRUCTURE MAJOR Larsen and Toubro (L&T) is expecting an internal rate of return (IRR) of 14 to 17 per cent from Hyderabad Metro Rail project.“Like in any other build, operate, and transfer (BOT)
NSE to offer trading on cellphones
In order to reach out to more customers, the National Stock Exchange (NSE) is gearing up to launch trading over mobile phones through nearly 800 registered brokers in early October, an NSE official sa
Coal India gets higher IPO ratings
CRISIL has assigned a CRISIL IPO Grade “5/5” (pronounced “five on five”) to the proposed initial public offer (IPO) of Coal India Ltd. This grade reflects Coal India’s dominant position with 81 per ce