Friday, December 31, 2010

Corporate Snippets

±  iGate will sign a definitive agreement to buy a controlling stake in Patni Computers. (ET)
±  MOIL is in talks with Gabon’s government over acquiring possible mining concession in the central African state. (BS)
±  HCL-Infosystems to acquire 20% stake in Tech Mart Telecom Distribution, a Dubai based partner of Nokia Cooperation. (BS)
±  MRF is planning to sell/transfer its speciality coating division to its subsidiary. (BS)
±  Hindustan Copper FPO may be at 72% discount. (ET)
±  Cummins India plans to hike prices by 3-5% of its generators sets in the range of 7.5-3000KVA from 1st quarter next year. (BL)
±  Strides Arcolab has struck a deal with Pfizer to sell 16 of its approved ANDAs and 6 filed ANDAs. (BS)
±  Lanco Infratech has won Rs10bn road projects in Uttar Pradesh. (BS)
±  Suven Lifesciences has received two product patents for its new chemical entities. (BS)
±  Sales of Nano may touch around 5000 units in December. (ET)

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