Reliance Industries (RIL), India`s largest private company, and Brazilian Energy company Petroleo Brasileiro (Petrobras) are in talks to set up joint ventures (JV) for two petrochemical complexes, reports Business Standard.

The companies are discussing possibility of setting up petrochemical complexes at Pernambuco a north-eastern state in Brazil as well as in Roberto Costa in the south-eastern state of Rio de Janeiro.

The companies are looking for a 50-50 joint ventures and the JV will require a total investment of around USD 6 billion.

Petrobras is interested in RIL`s experience in the petrochemicals segment and RIL is interested to export petrochemicals to Latin American countries.

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Reliance Petroleum (RPL), a subsidiary of Reliance Industries (RIL), will likely start production from it`s new refinery by early September, reports Business Standard.

The company has already finished with the technical work on the refinery and has started testing the refinery. The company will test various quantities of crude oil by processing them into petroleum products, the entire testing will take around two months. The company will increase production gradually before December to reach full capacity of 580,000 barrels per day.

The 580,000-barrels-per-day refinery at Jamnagar in Gujarat is being commissioned at cost of Rs 270 billion and is world`s sixth largest refinery and is commissioned earlier than expected

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Tata BlueScope, a joint venture between Tata Steel and BlueScope Steel, has entered the retail market with its range of color coated steel building products, reports Business Standard.

The company said the products, to be sold under the brand name `Durashine`, will have aesthetic appeal, greater durability and superior corrosion resistance.

Hakimuddin Ali, Vice-President, Building Products Division, Tata BlueScope, said, the firm has already garnered a fair share in building products arena and was now entering the retail market
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Kirloskar Electric, is learnt to have secured the bid for Germany-based Lloyd Dynamowerke & Co, in a deal estimated at around USD 70 million, reports Economic Times.

Lloyd Dynamowerke manufactures motors, machines and drive systems for Siemens, Alstom, ThyssenKrupp and Gottwald.

The acquisition, to be announced later this week, will be effected through a newly-floated subsidiary in Netherlands called Kirsons BV.

It is understood that a definitive deal to acquire Lloyd Dynamowerke could be signed as early as Thursday, August 21.

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ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 12 billion, reports Economic Times.

The new shipyard will be set up over 300 acres, largest among its two existing shipyards at Surat and at Dahej in Gujarat.

The new shipyard will cater to larger ships and offshore vessels. It will have a capacity of building six to eight ships a year.

The proposed shipyard will be set up near existing facility in Hazira and expected to be operational in three years.

The company expects that the new shipyard will be able to generate revenues of over Rs 20 billion every year.

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State Bank of India (SBI) is set to enter into general insurance market and is likely to finalize the terms for joint venture (JV) with Insurance Australia Group (IAG) by next month, reports Economic Times.

The bank is currently working on the structure of the joint venture agreement. It expects to finalize the operating structure by September. Once a mutual agreement is reached, the new company is expected to get operational in the next three to six months.

Both parties signed an agreement in May this year to form a new company for the proposed insurance business. Under the pact, State Bank will hold a 74% stake in the entity and the Australian partner the rest 26%.

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Engineering and construction giant Larsen & Toubro (L&T) is likely to acquire equity stake in coal mines in Australia and Indonesia, reports Business Line.

Picking up a stake in coal mines is part of L&T`s strategy to increase its focus on the power sector. Apart from tying up with Mitsubishi Heavy Industries for manufacturing super-critical boilers, turbines and generators, L&T also plans to set up power plants on its own, including bidding for ultra-mega power projects, or pick up equity stake in projects being set up by others.

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BUY the NAGFER it will reach 50 Rs next week ... this is right time to buy buy buy get money don't miss it ...

Sentiments are not good for Tisco and it is not likely to go up till expiry and it better not to buy the stock till next thursday....

what is benefit to TCS after acquistion , CITI group it self is big trouble , and every one knows it is cliet of TCS. TCS and TATA group is like Sinking ship , they have real problem in order PIPE Line there are number employee are sitting at bench , price is stable , seems downward bias, no more recuritement also . IT industry whole is in problem ...

If i buy today i am eligible for divded or not ...

To rvk41 He may even touch the cosmos. But if he is not paying the dividend for his companies, all our investments are useless. And he is a defaulter. If he creates lots of customers, they are his kings. What is his plan to reach them to hear their points of views and reply. Don't depend upon the call centres which are not well equiped. Even in telecom services. He is putting his legs in every thing. But never gets the fruits and share with the share holders. Thank god. He is not having a monopoly. We have choice. So far so good. If you have a contact, tell him to pay the dividends for all his companies at the earliest. With regards, v.krishnamoorthy...

I am happy that some one has dealt with so important aspects of a company's balance sheet This is so simple n so easily ignored by the investors The momentum stocks too play based on these fundamentals only n also off balance factors like quality n vision of the promoters,their execution competance,returns to share holders n communications with investors I give you 5star for your educative efforts NICE WORK DONE BY rvk41...

Dear rvk41 Whether we like or not what you have presented is the fact. Sixty years are not at all a small duration, and if the political stalverts had enough forsight and vision may more things could have been achived in big. Many problems could have been settled and solutions found for disputes. Instead the they have become aggravated into bigg magnitudes and people have a genuine doubt whether there could be soulutions at all in the future. Nationalishm, Patriotism, service to people have becom mere slogans used on certain national occasions. Unfortunately we lack leaders comanding national respect and our democracy is based on winning elections using some novel arithmatics and chemistry to dupe the people. We have the resuources, manpower, and everything but a strong willpower integrating the factors is the need of the hour. Hope we achieve it in the near future. Happy Independence Day! Sridharan Of course there are developments in many fields which can not be ignored and in the case of IT. Even the IT revolution is due to recent development in a matter of 10-15 years. ...