business

Tata Group of companies (represented by five largest listed entities) would generate Rs100 bn in free cash flows in FY2010E, against Rs117 bn in debt coming due for repayment/refinance, implying a funding gap of Rs17 bn. Coverage ratios at the group level are 2.8X net debt/EBITDA (4X debt/EBITDA) and 4.3X EBITDA/interest based on FY2010E EBITDA … Read more Tata Group’s funding challenges manageable – Kotak

India’s tea exports have declined by about 25% in the months of January compared with same month last year. As per the data released by tea board of India, total tea exports in January 2009 stood at 12.69 million kg compared with 16.89 million kg of tea exported in January 2008. The decline was much … Read more Tea exports dip 25%

Reliance Industries Ltd (RIL), is reported to be in talks with public sector oil marketer Hindustan Petroleum Corporation (HPCL) for a tag up to run the RIL’s fuel retail outlets, closed a year earlier after incurring huge losses. As of now, HPCL has issued a limited tender to five merchant bankers to advise it on … Read more RIL in talks with HPCL on operating petrol pumps

Sonata Software has launched a wholly owned subsidiary at Dubai Internet City, the region’s leading managed ICT cluster. Sonata Software FZ – LLC will provide value-based IT solutions to customers, augmenting its footprints in Middle East and Africa. The company aims to target regional market segments including the travel tourism, hospitality and construction Industries in … Read more Sonata Software establishes regional hub in Middle East

Construction major and cement manufacturer Jaiprakash Associates (JP) is planning to hire 2,000 people in 2009 for its ongoing expansion projects, unlike most of the companies opting for job cuts owing to the financial crunch due to the ongoing economic slowdown. Besides, the company is also planning to give performance bonus and salary hikes to … Read more Jaiprakash Associates plans to hire 2,000 employees this year