Tuesday, December 7, 2010

Corporate Snippets

±  Suzlon Energy to merge its infrastructure and tower business divisions with itself. (ET)
±  Coal India Ltd (CIL) has officially expressed interest in Kenya's Mui Basin. (BS)
±  ONGC Videsh Ltd (OVL) will sign a formal agreement for taking a 25% stake in Kazakhstan’s Satpayev oilfield by the end of February 2011. (BS)
±  Religare Enterprises is close to buying 85% of the Ajay Piramal Group promoted real estate fund Indiareit Fund Advisors, valuing the entire fund at around Rs2.5bn. (ET)
±  Areva is likely to sign a framework agreement with NPCIL to build the first two of the six planned nuclear power reactors in Maharashtra. (ET)
±  Glenmark along with its US-based partner has received US health regulator's nod to manufacture and market two oxycodone products, used for treating moderate to severe pain, in the American market. (ET)
±  BPCL will file an execution petition against Kingfisher Airlines (KFA) to claim jet fuel dues. (BS)
±  Opto Circuits has completed the acquisition of US-based Cardiac Science Corporation. (FE)
±  Glenmark's US-based generics subsidiary and Lehigh Valley Technologies (LVT) have jointly announced that the US regulator has approved two New Drug Applications (NDAs) for a line of controlled-substance products containing Oxycodone Hydrochloride (Oxycodone). (BL)
±  SBI has raised its deposit rates by up to 150 bps across various maturities, a move that will provide better returns to people with fixed deposits in the bank. (ET)

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