Monday, June 14, 2010

Corporate Snippets

Reliance Industries discovered more oil at an onland site in Gujarat’s Cambay Basin, raising the potential of the exploratory fields it has been drilling. (ET)

The management of Reliance Industries has told its board that it has identified power, telecommunications, financial services and pharmaceuticals for investments in the near future. (ET)

US court granted a motion seeking a preliminary injunction to block the launch of Dr Reddy’s Labs generic version of Sanofi-Aventis' anti-allergic drug, Allegra D24. (BS)

Reliance Industries will acquire Infotel Broadband Services for Rs48bn, marking the re-entry into the telecom market. (BS)

Tata Technologies, the engineering and design subsidiary of Tata Motors has been selected by US-based Genovation Cars to design and build a prototype of an electric car for it. (BS)

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