Stocks to watch: RIL, Jindal Steel&Power, M&M, Tulip Telecom, Ranbaxy
Mukesh Ambani-owned Reliance Industries (RIL) may pick up a 26% stake in Pipavav Shipyard (PSL), India’s largest integrated shipyard with an exposure to offshore structures for oil & gas structures.
By ET Bureau |
MUMBAI: Mukesh Ambani-owned Reliance Industries ( RIL) may pick up a 26% stake in Pipavav Shipyard ( PSL), India’s largest integrated shipyard with an exposure to offshore structures for oil & gas structures.
Jindal Steel & Power has got three years extension to begin constructing its $2.1 billion steel plant in Bolivia as against the original deadline of 2010, said a person with direct knowledge of the development.
After expanding into instant noodles, snack bars and low-priced milk-food drinks in recent months, GlaxoSmithKline Consumer Healthcare is gunning for an even lavish spread by entering the premium, high-margin biscuits and cookies category.
Indicative of the growing strength of Indian private sector companies in the defence manufacturing sector, automobile major Mahindra & Mahindra Thursday announced a Gulf joint venture for armouring vehicles.
Qualcomm, which has bagged spectrum for offering broadband wireless access services in a few circles, is learnt to have finalised a deal to sell a stake to telecom networking firm Tulip.
Ranbaxy Laboratories may close down one of its biggest global bulk drug production units at Mohali, and is sourcing few products made at the facility from local drugmakers ahead of the closure.
Buoyed by successful resettlement of displaced persons after five years, Tata Steel, which is setting up a 6-mtpa steel plant at Kalinga Nagar in Orissa’s Jajpur district, has undertaken massive infrastructure development work at the project site to get support of the local people, especially the tribals.
Jindal Steel & Power has got three years extension to begin constructing its $2.1 billion steel plant in Bolivia as against the original deadline of 2010, said a person with direct knowledge of the development.
After expanding into instant noodles, snack bars and low-priced milk-food drinks in recent months, GlaxoSmithKline Consumer Healthcare is gunning for an even lavish spread by entering the premium, high-margin biscuits and cookies category.
Indicative of the growing strength of Indian private sector companies in the defence manufacturing sector, automobile major Mahindra & Mahindra Thursday announced a Gulf joint venture for armouring vehicles.
Qualcomm, which has bagged spectrum for offering broadband wireless access services in a few circles, is learnt to have finalised a deal to sell a stake to telecom networking firm Tulip.
Ranbaxy Laboratories may close down one of its biggest global bulk drug production units at Mohali, and is sourcing few products made at the facility from local drugmakers ahead of the closure.
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Buoyed by successful resettlement of displaced persons after five years, Tata Steel, which is setting up a 6-mtpa steel plant at Kalinga Nagar in Orissa’s Jajpur district, has undertaken massive infrastructure development work at the project site to get support of the local people, especially the tribals.
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