Business Line - 13th October

Submitted By
Anjali Pathak
sec f
GR3


1.Top producer, globally

Coal India is the largest coal mining in the world because of its 431 million tonnes of production of coal around 90% of its production originates from open cast mines it makes India lowest cost coal producer in the World. NTPC is the single largest customer of coal India with 26.7% of sales. CIL planning to increase its production to 486 million tonnes. According to SRK mining coal India has a reserve base of 18.8 billion tonnes and access to total resources of 64.2 billion tonnes

2.Tata Motors complete share sale issue

Tata motors has successfully completed its issues of shares of $750 million taking up the balance of $200 million. The issues wad subscribed 3.4 times. The board of directors had decided to issues and allot 3,21,65,000 differential voting rights share at a price of Rs 764 each and 8,320,300ordinary share at Rs 1,074 per share a total issue size of Rs 3,315 crore pursuant to a qualified institutional placement. Citigroup global market India and credit suisse securities were the book running lead manager for the issue.


3.Dabur completes acquisition of turkey co.

Dubai based subsidiary of Dabur India Ltd completed the acquisition of turkey's leading personal care product company, Hobi Kozmetik. Dabur has acquired 100% in three Hobi group firms. By this acquisition Dabur has consolidated its position as leading player in the global personal care market this acquisition will offer Dabur entry into turkey and add a host of popular international brand to its portfolio.


4.Skoda launches new Fabia range at lower piece

Skoda has launches new segment of hatchback Fabia with lower price now the petrol version costs Rs 4.19 lakh against Rs 5.01 lakh while the top-end diesel car cost Rs 6.49 lakh(Rs7.87 lakh) company expects to sell 14000 units annually and trying to increase market share in hatchback segment from 3% to 7%. It pitched against Maruti swift, Hyundai i20 etc. This segment has an estimated sales of 4.5 lakh units a year. Skoda will launch its Yeti utility sports vehicle within a month.
5.1-Day audit training at ICAI
Southern India Charted Accounting Students Association (SICASA) of the institute of charted accountants of India Ernakulam branch organised a one day audit training programme at ICAI bhawan Mr Vikas a CA from Bangalore inaugurated the seminar. The chairman Mr. Saji Mathew of SICASA and vice chairman of the Ernakulam branch presided over the function. The seminar was on the various fact of auditing.

6.Volvo's new compact SUV by Nov

Volvo auto India said that it will launch the new Volvo XC60 SUV by November. The Swedish car maker which was recently sold to Chinese company Geely by US auto giant Ford hopes to expand its presence in the compact luxury SUV segment and enhance the brand establishment reputation for safety. Mr Paul de Voijis, Managing Director, Volvo Auto, said The XC60 will not only redefine our technological DNA but also form an integral part of our volume expansion strategy for India.


7.NTPC Haryana unit goes on stream

A 500 MW unit of NTPC Ltd joint venture project in Haryana has been successfully synchronised with the grid. The first unit of the Indira Gandhi Super Thermal power Project at Jhajjar. A joint venture of NTPC, Haryana Power corporation Ltd, and Delhi's Indraprastha Power generation company has been successfully synchronised.