Corporate Snippets

The government expects to complete the ONGC and IOC divestments in this financial year and to raise up to Rs190bn from the process. (BS)


Dr Reddy's plans to spend Rs16bn for capacity expansion in two years. (BS)

HCL Tech bags 3-year IT infra deal from New Zealand government. (ET)

PowerGrid Corporation Rs80bn FPO is set to enter the market in the second week of November 2010. (ET)

M&M is working on smaller fuel-efficient petrol engines to power its future growth, likely to be driven by overseas markets. (BS)

Infosys BPO stated that it would increase the total headcount of its Poland operations to 1,500 in next one year. (BS)

Reliance Industries agrees to sign a gas supply contract with Essar Oil. (BS)