Friday, September 17, 2010

Corporate Snippets

SBI has sort finance ministry nod for raising Rs200bn from the market. (BS)
Government cleared 11 new SEZ proposal including those of Infosys and Wipro. (BS)

Maruti may launch diesel SX4 by March 2011. (BL)

India added over 13.5mn new GSM mobile subscribers in August, with Bharti Airtel adding a little over 2mn users to achieve close to 30% market share (ET)
RIL is seeking a 25% increase in the price of natural gas it produces from the KG Basin (ET)

HPCL is setting up a 9-15 mmtpa greenfield refinery at Ratnagiri (ET)

ZTE has bagged two contracts worth nearly Rs1.2bn from Reliance Communications & BSNL seven months after a change in government regulation barring import of China-made equipment (ET)

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