Friday, December 3, 2010

Corporate Snippets

±  Powergrid has received two bids from telecom tower companies seeking the right to lease the utility major tower slots to telecom operators. (ET)
±  Godrej Consumer Products has acquired liquid detergent brand Genteel and Swastik soap. (ET)
±  NTPC has signed a loan pact with Bank of Tokyo-Mistubishi UFJ Ltd for US$300mn to part-finance its capex on its ongoing and new power projects and for the renovation of existing stations. (BL)
±  TCS announced the launch of its BPO centre in the Philippines with a capacity of 400 people; to be eventually scaled to 1,000 employees. (BS)
±  L&T has bagged two orders totalling Rs4.2bn from Hindalco and Sepco-I. (BL)
±  Tata Motors' sale of buses and trucks grew 19% yoy to 35,079 units in November. (BL)
±  M&M reported highest ever monthly tractor sales in November at 16,975 units registering a 46% yoy growth. (BL)
±  HCL Tech bagged a contract from OP Pohjola, the largest financial services group in Finland. (BL)
±  Dabur India launched a daily health supplement under the Nutrigo brand to announce its entry into the OTC healthcare market. (BL)

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