Tuesday, October 12, 2010

Corporate Snippets

Patni Computer opens first centre in China. (BL)

Vedanta Group has ruled out raising the open offer price for Cairn India. (BL) 

Vivimed Labs gets Govt nod to develop SEZ in AP. (BL)

Jai Prakash Associate said it will invest around Rs6bn to set-up a 3 mtpa cement grinding unit at Delhi Port. (ET)

Supreme Infrastructure has bagged an order worth Rs854mn. (BL)

NFL cancels 14.7 MW wind energy contract. (BL)
Tata Motors plans to launch a new car that will be positioned between the Nano and the Indica. (ET)

JSW Group emerges as the frontrunner in the talks to buy a controlling stake in Canadian resources company CIC Energy, which could BE value at US$450-500mn. (ET)

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