Friday, March 12, 2010

Corporate Snippets


± Bharti Airtel made its debut into media and entertainment services with the launch of the Airtel Digital Media Business. (BL)

± Fortis Healthcare Ltd acquired 23.9% strategic stake in Singapore-based healthcare service provider, Parkway Holdings Ltd for about US$685.3mn. (BL)

± Bank of India has increased interest rates on big-ticket (wholesale and bulk) deposits by 75-150 basis points across various maturities

± Maruti Suzuki would export at least 35,000 units of the A-Star compact car to Nissan in Europe in FY11. (BL)

± Ashok Leyland plans to import radial CV tyres and has sought a licence from the Government. (BL)

± Hero Honda would finalise the location to set up its fourth manufacturing facility by September 2010. (BL)

± TVS plans engine making unit in Karnataka. (BS)

± CESC intends on adding 5,000 MW of thermal generation capacity over the next few years, with investments in the range of Rs 200bn, by establishing five new facilities. (BS)

± Bosch is expected to declare a lockout at its flagship plant in Bangalore on March 15. (BL)

± Mahindra Satyam has won a US$48mn contract from KMD, an IT major from Denmark that specialises in the public sector projects. (BL)

± ICSA India has received work orders worth Rs1.3bn from Powergrid Corporation of India, taking the total order book size to Rs21.3bn. (BL)

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