Company News

Gammon Infrastructure secures LoA worth Rs 1510 crore

Aban Offshore JV secures order worth $271 million

The Harris Tweed may sadly, soon be history

London, Aug 30 : Harris Tweed weavers are facing being wiped out of the market because of the "Primark prices" that are being paid for Scotland''s oldest cloths.

The remaining 130 weavers of the ancient Clo Mhor, meaning ''big cloth'' in Gaelic, depend on the proceeds that they get from sale of the cloth, and they have to survive on an average of just 130 pounds a week.

Harris Tweed is fast dwindling despite the fact that it has a celebrity following that includes Madonna and Gwyneth Paltrow, and top designers Vivienne Westwood, Valentino and Donna Karan have featured it in the winter collections.

Singur: Stirs and agitations force Nano shutdown

The stirs and agitations can delay the commencement of Nano in the market. Various political parties and groups are agitating against the government and TATA. The conditions were not good on the plant site on Friday.

Trinamool leader Mamata Banerjee and her party workers have again threaten to physically prevent its workers and technical staff to enter in the plant. After sensing commotions, the TATA group decided on Friday to evacuate all its workers from the project site at Singur. Meanwhile, agitation on the project site is becoming grave day by day. The police have also filed cases against some mistreatments.

With Apollo Arm Buy, Birlas Re-Enter Broking

In a move to add more strength to the existing financial services business of the Aditya Birla group, its group entity, Aditya Birla Nuvo, on Thursday made the announcement that ti has acquired 56% stakes in Apollo Sindhoori Capital Investments (ASCIL) from the Chennai-based Reddy family. The cost for each share was fixed at Rs 64, making total of Rs 198.8 crore. A 20% open offer will be shortly launched by the Birla Company for the ASCIL shareholders at the similar price.

About 10% of shares in ASCIL will still be acquired by the Reddy family, but no representation on the ASCIL board will be made for them. If open offer is fully subscribed, the total acquisition cost will be Rs 270 crore.

Taiwanese LCD TV shipments up in 2nd quarter

Taiwanese LCD TV shipments up in 2nd quarter Taipei - Shipments

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