Wednesday, March 31, 2010

Corporate Snippets

NMDC plans to increase iron ore prices by 70% for both domestic and export markets. (BS)


Hero Honda declared an interim dividend of Rs80 per share. (ET)


Hero Honda is looking to set up a Rs20bn manufacturing plant in Himachal Pradesh. (BS)


ITC has tied up with La Aurora to sell a mint based cigar in India. (ET)


Tata Motors sells 20% stake in Telcon to its JV partner Hitachi for a sum of Rs11.6bn. (ET)


Tata Motors reduced its debt by Rs15bn as a large section of its bond holders opted for conversion of bonds into share before maturity. (ET)


M&M is merging its two tractor JVs in China into a single entity. (BL)

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