Friday, April 16, 2010

Corporate Snippets

L&T to make industrial tyres with Mitsubishi. (ET)

ONGC says that it will not be economically viable to produce gas from its Krishna-Godavari basin block at current sale price of US$4.2/mmBtu. (ET)

SAIL is in talks with Posco and Kobe Steel for technology tie-ups for jointly setting-up steel plants. (ET)

IOC may see revenue loss on fuel sales jump 63% in FY10. (BS)

Bank of India has cut interest rates on its bulk deposits by up to 1.25% across various tenures with immediate effect. (ET)

Tata Motors global sales grow 39% in March. (BS)

Ranbaxy has voluntarily recalled two consignments of one of its antibiotics from US market. (BL)

UBI to raise upto US$500mn through a maiden MTN programme. (BL)

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