Friday, April 23, 2010

Corporate Snippets

SBI mulls issue of bonds to institutional and retail investors for raising funds which would be redeemed by the Government on maturity. (FE)

Atlas Energy Inc along with Reliance Industries plans to buy 42,344 acres in the gas-rich Marcellus shale. (BS)

ICICI Bank has cut home loan rates by bringing back its old teaser home loan rate product till the end of the month. (ET)

TCS sets sights on onsite work again with the return of discretionary technology spending. (FE)

L&T plans to realign its electrical and electronics business division with its wholly-owned subsidiary in power equipment manufacturing, L&T Power. (BS)

ArcelorMittal has proposed a JV with SAIL to set-up integrated steel plant near latter’s existing facility in Bokaro, Jharkhand. (ET)

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