A leading Delhi-based infrastructure company recently had to complete a Rs 300-crore engineering project in Punjab for which it had to source small but vital fan blades.
ESSEL Propack, a laminated tube maker catering to oral care and FMCG products worldwide, is exploring the option of picking up a controlling stake in England’s tube maker Betts.
Vedanta Resources has bought a 9.5% equity stake in Canada’s Hudbay Minerals for an undisclosed amount.
Jindal Stainless is planning to ask its overseas bondholders for rescheduling the outstanding amount on its foreign currency convertible bonds.
Sesa Goa, India’s largest iron ore exporter, is exploring options of bidding for the controlling stake in an iron ore mine that has been put on the block by Brazil’s mining exploration company GME4.
Fund managers of KSK Emerging India, a Rs 850-crore energy focussed fund, are exploring options to initiate arbitration proceedings after investors in their fund pulled out their money, following the deep decline in the stock market.
Former Satyam CFO admitted that fraud was entirely perpetrated by Raju with his active involvement, B Rama Raju and cost accountant G Ramakrishna. The Great Fall of Satyam I Satyam: Full Coverage
More companies are buying back their FCCBs as steep discounts on the bonds and RBI's extension of buy back encourage.
The current fiscal year could see many companies overstating their profits, if their short-term current account liabilities mature next year, thanks to the recent move to defer implementation of key accounting standards till 2011.
PwC plans to bring in partners from its international affiliates to do an independent audit of its clients in India, besides what is being done by its Indian partners.
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