Monday, April 12, 2010

Corporate Snippets

Reliance Industries finds more reserves in KG-D6 block, it may contain 1-2 trillion cubic feet of reserves. (ET)

A team from ExxonMobil is set to assess the eastern offshore asset of ONGC for a possible partnership. (BL)

Maruti Suzuki invests Rs2.9bn in upgrading its hatchback WagonR that will be rolled out from a new platform with a new engine by the end of this month. (BS)

GMR Infrastructure plans to raise up to Rs5bn through the issue of unsecured non-convertible debentures on private placement basis. (BS)

Tata Motors plans to sell part of its shareholding in Tata Cummins, a diesel engine joint venture company. (ET)

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