Friday, June 18, 2010

Corporate Snippets

Bharti Airtel, Idea Cellular and Vodafone Essar have all refused to participate in the telecom regulator’s latest consultation process to set a price for second-generation (2G) spectrum, citing lack of transparency by Trai. (ET)

RIL in talks for acquiring 26% stake in Papavav Shipyard. (ET)

GlaxoSmithKline Consumer Healthcare plans to enter the premium cookies market. (ET)

JSPL has got three years extension to begin constructing its US$2.1 billion steel plant in Bolivia as against the original deadline of 2010. (ET)

Ranbaxy may close down one of its biggest global bulk drug production units at Mohali and is sourcing few products made at the facility. (ET)

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