Stocks to watch: NTPC, Reliance, Jindal Steel, Hero Honda
A group of ministers (GoM) next week will decide on the possible out-of-court settlement of the five-year old dispute between state-owned utility NTPC and Reliance Industries (RIL) over gas supply and price.
By ET Bureau |
MUMBAI: A group of ministers (GoM) next week will decide on the possible out-of-court settlement of the five-year old dispute between state-owned utility NTPC and Reliance Industries (RIL) over gas supply and price. The need for a settlement arises after the government on Wednesday doubled the administered natural gas price from all explorers to $4.2-million metric British thermal unit.
Jindal Steel and Power will acquire Oman steel maker Shadeed Iron and Steel for $464 million as a reviving local economy and strong growth prospects give a confidence boost to India Inc in the global M&A arena.
The extended Munjal family is consolidating its shareholding in the world’s biggest twowheeler maker, Hero Honda, by reducing the number of holding entities and transferring their ownership under a single umbrella.
Videocon has formed a separate business unit to market and sell Electrolux and Philips brands in India under a new team that includes two senior managers roped in from Samsung as chief operating officers.
Reliance MediaWorks has acquired an additional 1.89 lakh shares of Fame India along with two other group firms, taking the total stake in the multiplex chain to 14.34 per cent.
Jindal Steel and Power will acquire Oman steel maker Shadeed Iron and Steel for $464 million as a reviving local economy and strong growth prospects give a confidence boost to India Inc in the global M&A arena.
The extended Munjal family is consolidating its shareholding in the world’s biggest twowheeler maker, Hero Honda, by reducing the number of holding entities and transferring their ownership under a single umbrella.
Videocon has formed a separate business unit to market and sell Electrolux and Philips brands in India under a new team that includes two senior managers roped in from Samsung as chief operating officers.
Reliance MediaWorks has acquired an additional 1.89 lakh shares of Fame India along with two other group firms, taking the total stake in the multiplex chain to 14.34 per cent.
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