Editor's Desk

Realty giant Unitech has rescheduled loan repayments to banks worth around Rs 1,000 crore, out of Rs 2,500 crore which it needs to pay by March this year. The company has total debt or nearly Rs 8,000 crore, according to a media report. The Reserve Bank of India recently relaxed asset classification norms for commercial … Read more Troubled Unitech Reschedules Rs 1,000 cr Loan

Mahindra & Mahindra has invested Rs5.5bn in the Xylo project over a 4-year period. Xylo is positioned against the sedan (A3) segment customer. M&M management believes that given the Xylo’s superior product price proposition, it can convert the sedan customer to Xylo. We don’t agree – there might be some cannibalization from the Scorpio / … Read more Mahindra & Mahindra Xylo to Compete Toyota Innova

GMR Infrastructure Ltd has informed FreePress that GMR Holdings Pvt Ltd (‘GHPL’), promoter and holding Company of GMR Infrastructure Ltd (‘the Company’) has purchased1,00,000 on January 09, 2009; 1,50,000 & 3,48,000 on January 12, 2009 and 1,00,000 on January 13,2009 Equity shares of Rs 2/- each [Total:6,98,000] through open market purchase in normal segment on … Read more GMR Infra promoters raise stake to 74.10%

Jubilant Organosys‘ Bangalore based subsidiary Jubilant Biosys has formed an alliance with BioLeap, LLC, USA. The duo will combine BioLeap’s leading edge computational fragment based drug design platform with Jubilant’s know-how in chemistry, biology and crystallography for offering a valuable pre-clinical drug development platform. The said platform would provide customers services from lead identification and … Read more Jubilant joins hand with BioLeap for drug discovery platform

IDFC Projects, a 100% subsidiary of Infrastructure Development Finance Company has signed two memorandum of Understanding (MoUs) on January 13, 2009 at the Vibrant Gujarat Summit 2009. The company has signed an MoU with the Gujarat State Energy Company (GSECL), where IDFC Projects and Bharat Heavy Electricals (BHEL) will establish, a 1600 MW thermal power … Read more IDFC Projects signs two MoU with Gujarat Govt

Indian steel exports increased by 36% in December to help local producers clear inventories even as domestic consumption is witnessing a decline in wake of increasing slowdown in economic activity at home. International prices have finally been stable for some time now, which helped Indian exports pick up. India exported a total of 229,000 tonne … Read more Steel producers take export route to clear inventories