Industrial Energy commissions new power house at Jamshedpur

Industrial Energy (IEL), a joint venture between Tata Power and Tata Steel, has commissioned its 1×120 mega watt power house 6 at Jamshedpur.

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Tata Group takes the block trade route to raise $125 million

Tata Group, one of the largest conglomerates of the country, has raised $125 million by selling 10.34 million shares of Tata Consultancy Services (TCS) at Rs 615 per share through a block trade deal. Citigroup acted as the sole bookrunner for the deal.

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Essar Steel to invest Rs 1,000 cr for setting up service centres

Essar Steel is planning to invest Rs 1,000 crore over a period of three years for setting up service centres across India, North America and the Middle East to cater to the specific steel requirements of auto, white goods and SME sectors.

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ICICI Bank plans to setup 580 branches this year

ICICI Bank has planned to setup 580 branches this year. Once this happens, the bank will have 2,000 branches. However, the bank will not increase staff strength, as part of the current workforce would be redeployed to manage the expanded network of branches.

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Power purchase agreement between Reliance Infra and Tata Power very much on cards

The prolonged lawsuit between the Anil Ambani-led Reliance Infrastructure (Rel Infra) and Tata Power (TPC) over power allocation has shown some signs of resolution, as the former has agreed to sign a 500 MW power purchase agreement (PPA) with the latter.

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JSW Steel to open more steel plants to increase capacity

JSW Steel is planning to increase its production from the current 7.8 million tonnes a year to 32 million tonnes annually by 2020, company officials announced.

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Slowdown to linger 2 years more, India Inc upbeat: E&Y Survey

Even in the crunch time where the economies world over are faltering, corporate India is still upbeat over posting 10% growth rate for the fiscal consenting the ongoing slowdown to continue for the next two years, according to a survey by consultancy major Ernst and Young (E&Y) titled ‘Opportunities in Adversity: India Inc’s response to the financial downturn’.

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Rentals correct further on sluggish demand: C&W Report

Most of the retail micro markets, including mall as well as main streets, have slumped further in rental values in the January-March quarter, according to a report by global real estate service giant Cushman & Wakefield. .

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BHEL achieves 20% of its turnover through in-house R&D in FY-09

Bharat Heavy Electrical (BHEL), the state run electric equipment maker, has reported a turnover of Rs 5,405 crore or 20% of the total turnover of Rs 27,505 crore reported in FY09, through products and systems developed by its in-house research and development initiative.

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CavinKare to venture into restaurant business

Fast Moving Consumer Goods major CavinKare is planning to venture into the restaurant business for an investment of Rs 1 crore, reports quoted.

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