Ashapura Minechem Ltd has signed up a Memorandum of Undertaking (MoU) with government of Maharashtra in order to establish a high-tech Alumina Complex at Ratnagiri, in the coastal belt of Maharashtra.
The company would spend Rs 4,200 crore on the project including an investment of Rs 1,320 Crores for a 330 MW Captive Power Plant.
The project, covering up 1500 acres of land, will create direct and indirect employment for more than 3000 people.
Shares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.
The government, after ordering probe into IPOs of all listed companies, has ordered to scrutinize accounts of the education software and services firm, Educomp Solutions and Six public sector companies.
The move is aimed to check financial irregularities of accounts of these firms after the disclosure of largest ever corporate fraud committed by disgraced Satyam's Chief B Ramalinga Raju and other top executives of beleaguered software company.
IT major Mastek Ltd has been forced to reduce its staff strength and employ other cost cutting measure to mitigate the impact of global slowdown. About 425 staff members of company, out of 4,243 employees, mostly trainees or junior employees, have been put on 'virtual bench' for the next 12 months, in a bid to control the worsening situation aroused due to low demand and recession all around the world.
New York - General Motors and Chrysler, held upright by 13.4 billion dollars in federal loans, are preparing new rounds of buyouts of factory workers to meet federal requirements and survive the recession, media reports said Monday.
The companies have already notified the United Auto Workers (UAW) union of their intention, according to unnamed union officials quoted by Bloomberg financial news.
The federal government is insisting that the companies cut costs and prove they can be viable by the end of March, or the loans will be recalled.
B K Modi-controlled Spice Group expedites process to buy 51 per cent stake, most probably through fresh equity, in the beleaguered Satyam Computer Services. Spice Group is sending a team, comprising top executives of company, to discuss auction process with the Security and Exchange Board of India (SEBI).
Spice Corporation Chairman B K Modi said, "We have firmed up our plans to acquire a majority stake in Satyam and a team from the group will meet Sebi officials on Monday to discuss the issue."
Ashapura Minechem Ltd has signed up a Memorandum of Undertaking (MoU) with government of Maharashtra in order to establish a high-tech Alumina Complex at Ratnagiri, in the coastal belt of Maharashtra. 
Shares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.
The government, after ordering probe into IPOs of all listed companies, has ordered to scrutinize accounts of the education software and services firm, Educomp Solutions and Six public sector companies. 
IT major Mastek Ltd has been forced to reduce its staff strength and employ other cost cutting measure to mitigate the impact of global slowdown. About 425 staff members of company, out of 4,243 employees, mostly trainees or junior employees, have been put on 'virtual bench' for the next 12 months, in a bid to control the worsening situation aroused due to low demand and recession all around the world.
New York - General Motors and Chrysler, held upright by 13.4 billion dollars in federal loans, are preparing new rounds of buyouts of factory workers to meet federal requirements and survive the recession, media reports said Monday.
B K Modi-controlled Spice Group expedites process to buy 51 per cent stake, most probably through fresh equity, in the beleaguered Satyam Computer Services. Spice Group is sending a team, comprising top executives of company, to discuss auction process with the Security and Exchange Board of India (SEBI).
