Stating that Anil Ambani Group firm's project was neither installed nor operating, petroleum minister Murli Deora had earlier this week told Parliament that the Dadri project would be considered for allocation of gas along with similar other upcoming projects. RPower said it had initiated the ICB process for selection of EPC contractors for its power plants way back in 2005 but not concluded owing to Mukesh Ambani promoted Reliance Industries Ltd's refusal to supply gas.
Known for his passion for vehicles, India captain Mahendra Singh Dhoni has added a brand new 'Hummer' worth around Rs one crore to his already rich collections. The H2 2009 Hummer will definitely get the pride of place among Dhoni's Toyota Corolla, Scorpio, Mitsubishi Pajero, Harley Davidson, Yamaha 650cc sports bike, Kawasaki Ninja and other two wheelers.
"Lending to India is the highest in the region with $3.3 billion via 11 loans, accounting for 22.1 per cent of total volume in 2009," the report said
The Freelander, a compact yet premium 4X4 SUV, is sold in large European markets.
Announcing that the company had completed its fund raising for repayment of the bridge loan taken to acquire British marquee car brands Jaguar and Land Rover, Tata Motors said this was achieved by extending the final maturity of $1 billion by 18 months up to December 31, 2010.
TRIL is planning to raise a Rs 4,770 crore international infrastructure fund by the end of the year to invest in infrastructure projects like building special economic zones, roads, ports and other core sector projects in the next three years. Tata Realty has already raised a Rs 3,500 crore offshore fund for investing in its real estate projects, 20 per cent of which is deployed. The other 80 per cent will be used in the next three years.
Media report says unfavourable excise structure, large investments are the main reasons
Tata Motors, India's largest commercial vehicle maker, is in the process of raising Rs 5,000 crore through a bond issue to refinance the remaining $ 2 billion (Rs 10,000 crore) bridge loan it took to acquire Jaguar and Land Rover.
Tata Motors, India's largest commercial vehicle maker, has postponed plans for an overseas equity issue and sale of investments to repay the $3 billion bridge loan it took in June last year to acquire the Jaguar and Land Rover brands from Ford.
Despite many hiccups in project implementation, India on Sunday crossed the earlier 10th Five-Year Plan's total addition to generation capacity of 21,180 Mw.
The deal was signed between Commerce and Industry Minister Anand Sharma and Japanese Foreign Minister Seiji Maehara in Tokyo.
None of the seven consortiums shortlisted for the Maharashtra government's flagship project, the Rs 6,200-crore second phase of the Mumbai Metro, participated in the financial bids that closed on Friday. "The reason for asking more time could be the prevailing economic slowdown. They sought at least one more month to submit the bids," a Mumbai Metropolitan Region Development Authority official said.
The Indian firms will develop the Carabobo-1 block in Venezuela's Orinoco Belt with Spain's Repsol YPF SA and Malaysia's Petroliam Nasional Bdh, ONGC said.
The India-Japan civil nuclear deal might not fructify anytime too soon, with Prime Minister Manmohan Singh acknowledging that India was keenly aware of Japanese sensitivities on the matter and "would not like to force the issue".Dr Singh was addressing a business luncheon attended by top leaders of business and industry from India and Japan in Tokyo on Monday.
"We are expecting to launch the high-premium SUV 'Outlander' by this year itself in the Indian market and it would be placed between Mitsubishi's Pajero and Montero," company's Executive Vice-President Y V S Vijay Kumar told reporters here on the sidelines of HM's tie-up with Pune-based Opulent Auto Care.
Tata Power, the country's largest power utility, has emerged as the only Indian company among the six firms shortlisted to bid for Singapore's largest power utility, Senoko Power, which is likely to be sold at over $3 billion.
"The process (of raising the amount) is over. Tata will borrow the money from us (the banks consortium) on Monday and might come with an official announcement in the next few days," a source close to the development told PTI. Tatas had entered into a definitive agreement with Ford to buy Jaguar and Land Rover in March for $2.3 billion. The $3 billion fund raising included Tata Motor's other committements as well.
Engineering and construction major Larsen & Toubro (L&T) is planning a capital expenditure of Rs 2,500 crore (Rs 25 billion) for the financial year 2008-09. The company might raise Rs 500-700 crore (Rs 5-7 billion) through debt, equity or a debt-equity mix in the second half of the financial year.
Excise duty cut of Rs 6,000 on big cars to be passed to customers; LCDs cheaper by Rs 3,500.
Companies such as Larsen & Toubro and Bharat Heavy Electricals Ltd believe the undervalued renminbi (yuan) gives Chinese goods an unfair advantage in Indian markets.
Alibaba.com, China's biggest business-to-business website, on Tuesday said it was poised to become India 's top online marketplace by number of users as it launches its first major overseas expansion.
Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI. The country's largest lender is also in talks with two-three public sector banks to be a part of the consortium, the source said. The company reported a loss of $12.7 billion for the fiscal ended December 30, 2006.
This United Nations of rare models should get car fanatics' blood flowing.
Once behind the wheel, the Volvo drives and feels like any other car, except that it now features another safety innovation, the City Safety System that automatically applies brakes on the car in case there is a lapse in concentration on the driver's part. This is particularly true in city traffic conditions where low speed mishaps are common. Volvo claims it helps lower the possibility of injuries to the occupants of the XC60
The global alliance between Renault-Nissan and Daimler AG announced today is likely to add one more car to the list of small cars jostling for market share.
Engineering firm Larsen and Toubro (L&T) on Friday said it has floated a power generation arm called L&T Power Development and would invest Rs 20,000 crore (Rs 200 billion) in the new company.
Vodafone-Essar, the leading GSM operator is raising around $500 million (Rs 2,000 crore) through overseas borrowing. This is the first fund raising by the telecom major after British telecom major Vodafone acquired a majority stake.
Oil and Natural Gas Corporation (ONGC), the country's leading public sector company, is planning an initial public offer of ONGC Petro-additions Limited (OPaL), the special purpose vehicle formed for the Rs 13,500 crore (Rs 135 billion) petrochemical complex at Dahej in Gujarat.
The Japanese and the French are the world leaders in high-speed train technology. While the Japanese are known for their superfast Bullet train, the French have high-speed trains under the TGV brand.
Meanwhile, cross-border M&As touched 23.8 billion dollars in 69 deals in 2007 so far.
Of the three options suggested by the consultancy firm appointed by the CPI(M) government, Nayachar was feasible since it was government land, Commerce and Industry Minister Nirupam Sen said at an all-party meeting.
Indian businessmen on the forum would also include Baba Kalyani of Bharat Forge, Sunil Kant Munjal of Hero Honda, Nandan Nilekani of Infosys, Vikram Kirloskar of Toyota Kirloskar and Deepak Parekh of HDFC.
The Torrent Group company is aiming at over 20 per cent equity in the Dahej SEZ which also has a Rs 13,500 crore (Rs 135 billion) integrated petrochemical complex coming up in south Gujarat.
The elevator industry in India today is approximately 26,000-27,000 elevators per annum. There are players like Mitsubishi, Kone, Schindler among others in the organised sector, and many regional players that constitute the elevator market.
Three major companies, Japanese giant Toshiba, Canadian major Bombardier and GE, are looking at manufacturing wagons and coaches in the country.
A M Naik, chairman and managing director of L&T, said the details, such as the size of the funds required for each of these companies and proposed dilution of the equity, were yet to be worked out.
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
The oil and gas major ONGC is likely to offload 34 per cent equity in its special purpose vehicle ONGC Petro-additions formed for the upcoming Rs 13,500-crore
Hindustan Motors will launch the Lancer Cedia on January 12, 2006.
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