Monday, January 17, 2011

Corporate Snippets

±  Reliance Industries to shelve its plans of reopening its retail petrol outlets. (BS)
±  Tata Steel says it would hold on to its shares in the Australian miner Riversdale, calling it a strategic stake. (BS)
±  Marico plans to acquire 51% stake in Unibic India for Rs1.3bn. (ET)
±  Tata Steel’s FPO price band has been decided at Rs594-Rs610 per share. (BS)
±  Sebi asks R-Infra not to hire Price Waterhouse for 3 years. (ET)
±  IOC raised petrol prices by Rs2.50 per litre, while HPCL hike rates by Rs2.54 a litre and BPCL raised price by 2.53 per litre. (ET)
±  SBI plans to raise up to Rs20bn through bonds to be offered to retail investors next month. (BS)
±  Ansal Properties sold properties worth about Rs17.14bn in the first nine months of this fiscal and its sales realisations improved by 24% compared to the year-ago period. (BS)
±  Tata Motors global sales increased by 21% in December to 90,294 units. (BS)
±  SAIL inks pact with IRCON International for jointly working on rail infrastructure projects in India and overseas. (BS)

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