Monday, February 14, 2011

Corporate Snippets

±  NTPC in talks with Toshiba Corp to build a pilot project in India to capture and store carbon emissions. (BS)
±  SBI raised its base rate and the benchmark prime lending rate by 25bps each. (BS)
±  The Bajaj Group mulling a return to scooter manufacturing. (ET)
±  SBI plans to sell retail bonds once again to raise Rs20bn. (ET)
±  Apollo Tyres plans to set up car radial-tyre plants in Eastern Europe. (ET)
±  GE Shipping withdraws the draft red herring prospectus of its subsidiary, Greatship (India) Ltd. (BS)
±  M&M has fixed Rs66.55 per share for an open offer to acquire 20% additional stake in EPC Industries from public shareholders. (ET)
±  Dexia Group, European banking major may rope in YesBank and IndusInd Bank to takeover its Israel operations. (ET)
±  IDFC raises Rs7.65bn in its second bond sale in less than four months, up 66% from the first one. (ET)
±  S Kumars Nationwide plans to make it a Rs5bn brand in the next 3-5 years. (BS)
±  Uttam Galva, Bhushan Steel and APL Apollo eye Lloyds Steel, which has an annual steelmaking capacity of 0.6mn tonnes. (ET)

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