Monday, November 15, 2010

Corporate Snippets

±  SCI plans to add 62 vessels in the 11th Five Year Plan. (BS)
±  SCI is likely to come out with its follow-on public offer by end-November or early-December. (BS)
±  Agro Tech Foods sold its Rath vanaspati brand to edible oils maker Cargill India for an undisclosed amount. (ET)
±  Sun TV Group promoter Kalanithi Maran plans to take over as chairman of SpiceJet. (ET)
±  Nestle India ties up with the National Diabetes. (ET)
±  Amara Raja Batteries plans to double production capacity with Rs1.05bn investment in the next two years. (ET)
±  The coalition government in the UK confirmed the 10-year contract for administration of the state pension scheme which is valued at Rs40bn to TCS. (ET)
±  Hindalco Industries’ subsidiary, Novelis plans to raise its production capacity by 20% in the next three years. (ET)
±  Coal India is in talks to acquire mines from two US companies. (ET)
±  PTC India to hold 40% stake in the asset management company for India Energy infrastructure Fund while London-based emerging markets asset manager Ashmore would hold the balance 60%. (BS)
±  Sterlite Energy has sought relaxation in special economic zone rules to benefit its power plant in Orissa. (ET)

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