Corporate Snippets

Tata Motors has entered into an understanding with IndusInd Bank for financing its range of passenger vehicles. (BL)

GMR Infrastructure said it has withdrawn a proposal to raise Rs50bn by issue of securities. (BL)

Borosil has sold its 18 acre industrial plot in Mumbai for Rs8.3bn. (BL)
Royal Enfield, a unit of Eicher Motors, is planning to double annual capacity to 0.1mn units in 2-3 years. (BL)

Power Grid is among the three firms shortlisted by Nigeria to manage electricity grid to be constructed at a cost of US$3.5bn. (BS)

Lupin’s generic tuberculosis drug ethambutol tablet has been included by the WHO in the list of pre-qualified medicines. (BS)