Tuesday, March 16, 2010

Corporate Snippets


± Tata Motors global sales increase by 59% in February to 89,768 units (ET)

± Special auditors appointed by DoT to scrutinize accounts of Bharti Airtel have given a clean chit to the company on most parameters outlined by the Government. .(BL)

± ICICI Bank aims to grow its Balance Sheet by 15% in FY11. (FE)

± L&T has bagged a project worth Rs20.4bn from ONGC Mangalore Petrochemicals. (ET)

± BHEL wins Rs33.5bn turnkey contract to set up 365MW acptive power plant at the upcoming Paradip Refinery. (BS)

± HCC to acquire Swiss company, Karl Steiner, for Rs1.5bn. (ET)

± TCS signed a 5-year deal with Malaysia Airlines for an undisclosed amount. (ET)

± Tata Steel may increase prices of its products in the coming months. (BS)

± SAIL eyes Rs430bn sales in FY11. (BS)

± ONGC to fund overseas acquisitions over next decade with US$20bn borrowings. (BS)

± RIL and MRPL have committed to buy up to 45% of crude oil from ONGC Videsh and its partners plan to produce from a Venezuelan oil field. (ET)y!"

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