Corporate Snippets

Ranbaxy plans to divest its investments made by the previous promoter in the group companies. (ET)

Reliance Power may build gas-fired plant in Andhra Pradesh instead of Dadri after the Supreme Court verdict. (ET)

M&M to consolidate presence in utility vehicles segment. (BL)

Tata Steel wants prices for automobiles sector to be negotiated every quarter. (BL)

Godrej Consumer to buy out Sara Lee stake in their JV for a consideration of US$234mn. (ET)

Glodyne Technoserve has acquired DecisionOne, a US based IT firm for US$104mn. (ET)

HCC spins off IT unit into a fully-owned subsidiary. (ET)