Thursday, March 18, 2010

Corporate Snippets

NTPC and IOC plan JV to manufacture bio-diesel and special lubricants for the power plant. (ET)

S&P revises its outlook on Tata Motors to positive from negative. (BS)

TCS to hire 30,000 employees in the next fiscal year.

L&T gets Rs10bn order for ONGC well platforms. (BL)

Gail has set a target of transmitting 114.8mscmd of natural gas from domestic sources and through liquefied natural gas during FY11. (ET)

TCS, Wipro and Spanco have been short-listed for Rs1bn project designed to automate the emigration process in India. (BL)

Lupin gets US FDA approval for anti-depressant drug. (ET)

Rcom has tied up with US based Polycom to provide video conferencing services in India. (ET)

Tata Communication to bid in the forthcoming auction of wireless broadband spectrum. (ET)

Government appointed special auditors have given clean chit to Idea Cellular. (ET)

Dalmia Cement to split into four businesses – Sugar, Power, Cement and Refractory. (ET)

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