Thursday, November 18, 2010

Corporate Snippets

±  M&M plans to expand its automobile business in the US after it seals the acquisition of a majority stake in the South Korean automobile major Ssangyong. (ET)
±  HUL admitted that it had committed a grievous breach of protocol at its mercury thermometer factory in Kodaikanal, nine years ago. (BL)
±  Canara Bank to open 105 branches and ATM’s across the country. (BS)
±  HCL Tech signs US$100mn deal for smart grid solutions in power sector. (BS)
±  Zydus Cadila ties up with US-based Amarillo Bioscience for marketing its dietary supplement domestically and also in Nepal. (BL)
±  Tamilnad Mercantile Bank has entered into MoU with Tata Motors for commercial vehicles financing. (BL)
±  NTPC has argued for removal of its Dulanga coal block in Orissa from the list of areas barred for mining by the Union environment and forests ministry under its recent ‘No Go’ classification. (BS)
±  Wipro to open a new data centre in Cleveland County, North Carolina, to support its growing IT infrastructure business. (FE)
±  M&M and Andhra Pradesh Government are close to finalizing a deal that will pave the way for setting up of a tractor manufacturing base at Zaheerabad. (BL)
±  Bharti Airtel expects to cross the 100mn mobile subscriber mark in Africa in the next two years, from the 40mn at present. (BS)

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