Thursday, April 29, 2010

Corporate Snippets

RIL has made a fourth oil discovery in the Cambay basin in Gujarat. (BS)

AT&T has sold 7% stake in Tech Mahindra for Rs6.6bn; LIC buys 6%. (BS)

Tata Group and Actis to form US$2bn JV for building roads over 5 years. (ET)

NTPC to invest Rs400bn in three coal base power project in Madhya Pradesh. (ET)

NTPC and Coal India enters into a JV for coal block acquisitions. (BL)

Royal Dutch Shell is no longer in exclusive talks with Essar Oil for sale of its refineries in UK and Germany. (ET)

Suzlon’s European division forms JV with Volkswind to accelerate growth in Bulgaria. (ET

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