Monday, June 21, 2010

Corporate Snippets

Reliance Industries to foray into power; plans mega investment. (BL)

Besides getting 468 branches, ICICI Bank will also get control of 58 branches of a regional rural bank sponsored by Bank of Rajasthan. (BL)
Saudi Binladin Group is all set to buy a 20% stake in Maytas Infra. (BS)

Reliance Power has started generating power from the second unit of Rosa thermal power project. (ET)

Dr Reddy’s Laboratories is exploring the option of demerging its domestic formulations business and unlocking value. (BS)

Maruti Suzuki plans to introduce a CNG variant of its recently upgraded WagonR hatchback within the next three months. The upgraded version could cost about Rs 70,000 more. (BS)

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