Amara Raja Batteries, NTPC, Pantaloon Retail, Spice Jet, Maytas Infra 02 Jun, 2009
Automotive battery maker Amara Raja Batteries has recorded a marginal growth in net profit at Rs 28 crore for the fourth quarter ended Mach 31, 2009 as against Rs 26.1 crore same period last year. The NTPC-BHEL joint venture has zeroed in on Andhra Pradesh to establish a Rs 6,000-crore power equipment manufacturing base in Chittoor district.The venture will come up in Srikalahasti and become the second biggest investment in the State through a public sector undertaking after Vizag Steel Plant. Pantaloon Retail, the country’s largest retailer, is close to sealing an equity partnership deal between one of its subsidiaries and French retail giant Carrefour.Under the deal, being given finishing touches, Carrefour is expected to take an equity stake in Future Fashion Merchandise, a company created recently after restructuring the group’s retail business. Low-cost airline SpiceJet, which attracted $80-million investment from US billionaire Wilbur Ross last year, is looking to acquire a rival budget airline, and start international and regional operations, said its chief executive. Maytas Infrastructure, which has filed for debt restructuring, has disclosed to lenders that it had given a loan of Rs 400 crore to some investment companies that belong to its disgraced promoter, Satyam Computer’s Ramalinga Raju. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
