Posts Tagged ‘Millennium Capital Corp’

Tata Steel, TCS and Madhucon Projects may witness some action today

Tata Steel, a part of the salt-to-steel conglomerate Tata Group, has decided to acquire 80% stake in the Direct Shipping Ore (DSO) project of Canada-based New Millennium Capital Corp for a consideration of around Rs 1,350 crore.

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IT major Tata Consultancy Services (TCS) has inked a significant multi-year agreement with SUPERVALU Inc. for a full services engagement.

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S Kumars Nationwide has mobilized $50 million worth of fresh funds through issue of equity shares to institutional investors.

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Jyothy Laboratories is expecting a turnover of Rs 500-crore from its largest selling fabric-care brand ‘Ujala’ by entering the competitive Rs 11,000-crore detergent market, competing with strong market leaders such as HUL and P&G. The company is planning to extend its business from Kerala to the rest of the South.

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Madhucon Projects’ promoted Simhapuri Energy (SEPL) has tied up funds for its 300 mega watt (MW) Phase II Thermal Power Plant at Krishnapatnam, SPSR Nellore District, Andhra Pradesh.

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Bank of Baroda has decided to takeover specific assets and liabilities of Mumbai-based Memon Cooperative Bank. In this regard, the company has received approval from Government of India and Reserve Bank of India.

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