Wednesday, December 1, 2010

Corporate Snippets

±  HCL Technologies has signed a multi-year IT infrastructure management deal with pharmaceutical firm Purdue Pharma. (ET)
±  Sun Pharmaceutical has received a tentative approval from US health regulator to market generic donepezil hydrochloride tablets used for treating Alzheimer's disease in the American market. (ET)
±  Videocon Industries along with its partners Oilex, Sasol Petroleum Australia, Bharat Petro Resources and Hindustan Petroleum, have entered into a farm agreement with Apache Northwest for WA-388-P gas exploration license in offshore West Australia. (FE)
±  SAIL has signed a memorandum of understanding with Japanese steelmaker Kobe Steel Ltd for a comprehensive strategic collaboration covering technologies, projects and other areas. (BL)
±  ABB Ltd to buy Baldor Electric Co for about US$3.1bn in cash to expand in the North American market for industrial motors and drives. (BS)
±  Neyveli Lignite Corporation sets up a 1,980 mw coal-based power project near Kanpur. (FE)

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