Stocks to Watch: Pantaloon Retail, Indian Hotels, Reliance Capital, GAIL, TCS, L&T, ONGC, Golden Tobacco
Anil Ambani-controlled Reliance Capital is looking to sell up to 20% stake in Reliance Mutual Fund to a strategic foreign partner.
By ET Bureau |
MUMBAI: Carrefour, Europe’s biggest retail chain, has agreed with Kishore Biyani of Pantaloon Retail to set up franchisee stores in India after six years of wandering in the world’s second-fastest growing nation for partnerships, including with Mukesh Ambani’s Reliance Retail and real estate group DLF.
Indian Hotels, the hospitality chain owned by the Tatas, has decided not to subscribe to a public offer from the luxury hotel chain, Orient Express Hotels, or OEH, raising doubts about its continued interest in the Bermuda-based company that runs hotels, trains and river cruises.
Anil Ambani-controlled Reliance Capital is looking to sell up to 20% stake in Reliance Mutual Fund to a strategic foreign partner. The company is likely to appoint investment banks JP Morgan and UBS as advisors to the transaction.
State-run gas utility GAIL India is keen to join NTPC in a new 2,000 MW power plant planned adjacent to the beleaguered Dabhol plant in Maharashtra.
In another development, GAIL India will pick up a 4% stake in the $2-billion Myanmar-China gas pipeline project, company chairman and managing director BC Tripathi said on Monday.
After a year of no salary hikes, the good times are set to start rolling again for around 1,50,000 TCS employees, as India’s biggest software exporter seeks to retain and attract talent in order to cope with increased demand for software services this year.
Larsen & Toubro will invest around Rs 25,000 crore to build its thermal power business in the next five years, a senior executive said. L&T Power, the wholly-owned subsidiary of L&T, will have a generation capacity of 5,500 MW, including hydro power, by 2015.
The government has asked ONGC to adopt a consortium approach instead of a joint venture with the Hindujas to pick up a participating interest in the $12.5-billion South Pars-12 gas project in Iran that would ensure long-term supply of 6-million-tonne liquefied natural gas (LNG) to India.
Golden Tobacco on Monday received the shareholders’ permission at an extra-ordinary general meeting to develop property at Vile Parle in Mumbai and sell real estate assets in Hyderabad and Guntur.
Indian Hotels, the hospitality chain owned by the Tatas, has decided not to subscribe to a public offer from the luxury hotel chain, Orient Express Hotels, or OEH, raising doubts about its continued interest in the Bermuda-based company that runs hotels, trains and river cruises.
Anil Ambani-controlled Reliance Capital is looking to sell up to 20% stake in Reliance Mutual Fund to a strategic foreign partner. The company is likely to appoint investment banks JP Morgan and UBS as advisors to the transaction.
State-run gas utility GAIL India is keen to join NTPC in a new 2,000 MW power plant planned adjacent to the beleaguered Dabhol plant in Maharashtra.
In another development, GAIL India will pick up a 4% stake in the $2-billion Myanmar-China gas pipeline project, company chairman and managing director BC Tripathi said on Monday.
After a year of no salary hikes, the good times are set to start rolling again for around 1,50,000 TCS employees, as India’s biggest software exporter seeks to retain and attract talent in order to cope with increased demand for software services this year.
ADVERTISEMENT
Larsen & Toubro will invest around Rs 25,000 crore to build its thermal power business in the next five years, a senior executive said. L&T Power, the wholly-owned subsidiary of L&T, will have a generation capacity of 5,500 MW, including hydro power, by 2015.
The government has asked ONGC to adopt a consortium approach instead of a joint venture with the Hindujas to pick up a participating interest in the $12.5-billion South Pars-12 gas project in Iran that would ensure long-term supply of 6-million-tonne liquefied natural gas (LNG) to India.
Golden Tobacco on Monday received the shareholders’ permission at an extra-ordinary general meeting to develop property at Vile Parle in Mumbai and sell real estate assets in Hyderabad and Guntur.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
