Renowned Indian construction firm, Jaiprakash Associates would merge Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). The meager is aimed to insulate the business from the impact of the global slowdown as there is a huge demand-supply mismatch in different geographical regions. All companies under a single roof would allow better control over subsidiaries, allowing better economic management and business effectiveness.
Engineering and construction major Punj Lloyd Ltd has secured an order worth Rs 303.95 crore for construction related work from Municipal Corporation of Delhi.
The scope of work includes development of parking facility near Jawaharlal Nehru Stadium for the forthcoming Commonwealth Games-2010.
Earlier this month, Punj Lloyd, one of the most dynamic and successful companies in Infrastructure sector in India, has signed a memorandum of understanding with the US-based nuclear energy company Thorium Power Ltd to jointly explore the possibilities of nuclear fuel generation in India.
The largest drug maker of country, Ranbaxy Laboratories may sell its three plants in China, Malaysia and Vietnam to mitigate the impact of global slowdown. The move is aimed rationalize company's business. It is also thinking on other cost cutting measures as per reports of confidential sources.
The largest cement maker of India, ACC would not go for its expansion plans of ready-mix concrete (RMC) business following low demand due to global slow down. Earlier, ACC planned to spend Rs 600-crore for RMC used by developers in residential projects.
Cairn India has discovered an oil and gas in Western India. It is good news for India as the country still depends on oil import to satisfy its domestic and industrial needs. It pays huge sum as crude import bill from its state exchequer.
The newly discovered area is located approximately 1.5 km east of the Raageshwari 1 well which is a commercial and approved field development plan. The Mangala, Aishwariya Raageshwari and Saraswati development area, nearby the discovered field, are already producing oil.
The US government has started to put pressure on India's largest private sector firm Reliance Industries (RIL) to stop sale of gasoline to Iran. A group of American Congressmen expressed reservations on the decision of Export-Import Bank of the US to provide financial assistance to RIL as it has business ties with Iran.
The congressmen criticized the Mukesh Ambani-led RIL for supplying refined petroleum products for Iran as the country is going ahead with its nuclear program.
Renowned Indian construction firm, Jaiprakash Associates would merge Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). The meager is aimed to insulate the business from the impact of the global slowdown as there is a huge demand-supply mismatch in different geographical regions. All companies under a single roof would allow better control over subsidiaries, allowing better economic management and business effectiveness. 
Engineering and construction major Punj Lloyd Ltd has secured an order worth Rs 303.95 crore for construction related work from Municipal Corporation of Delhi. 
The largest drug maker of country, Ranbaxy Laboratories may sell its three plants in China, Malaysia and Vietnam to mitigate the impact of global slowdown. The move is aimed rationalize company's business. It is also thinking on other cost cutting measures as per reports of confidential sources.
The largest cement maker of India, ACC would not go for its expansion plans of ready-mix concrete (RMC) business following low demand due to global slow down. Earlier, ACC planned to spend Rs 600-crore for RMC used by developers in residential projects.
Cairn India has discovered an oil and gas in Western India. It is good news for India as the country still depends on oil import to satisfy its domestic and industrial needs. It pays huge sum as crude import bill from its state exchequer.
The US government has started to put pressure on India's largest private sector firm Reliance Industries (RIL) to stop sale of gasoline to Iran. A group of American Congressmen expressed reservations on the decision of Export-Import Bank of the US to provide financial assistance to RIL as it has business ties with Iran.
