Tuesday, August 31, 2010

Corporate Snippets

NTPC has signed a MoU with Bangladesh Power Development Board for setting up two 1,320 MW each power projects at Chittagong and Khulna in Bangladesh. (ET)

Jubilant Organosys has signed a long-term contract worth US$33mn with a US life sciences company for its custom research and manufacturing services (CRAMS) business. (ET)

Reliance Communications has set up an integrated third generation innovation laboratory to develop applications for mobile services consumers. (ET) 

Pharmac, a New Zealand Government drug funder, will fully fund a brand of Quetiapine drug made by Dr Reddy's Laboratories. (ET)
Videocon is in talks with foreign entities for a 26% stake-sale in its telecom subsidiary--Videocon Telecommunications. (ET)

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