Wednesday, March 10, 2010

Corporate Snippets

Wipro Technologies, the global IT services business of Wipro, announced that it has signed a Microsoft business productivity online suite "dedicated advisor" agreement with Microsoft Corp. (FE)


Wipro Infotech, the India and West Asian IT business of Wipro, won a turnkey project from the Financial Intelligence Unit - India (FIU-IND) of the Union Ministry of Finance to implement the FINnet project. (BS)


Hindustan Unilever has appealed against the Calcutta High Court's interim injunction, which restrained it from airing a particular commercial for its washing soap/powder, Rin. (BS)


FMCG major Marico plans to launch its beauty and wellness chain, Kaya in the Middle East by opening 4-5 clinics in the region in FY11. (ET)


The Steel Ministry said it will send the 20% share sale proposal of SAIL to the Cabinet this week. (ET)


IDBI Bank hoped to raise US$250-300mn through a medium-term note program, but would wait until market conditions were more favorable. (BS)


Indian Hotels is mulling the possibility of completely doing away with its Residency brand luxury hotels and gears up for a stronger push of its Vivanta brand. (BL)

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