± Tata group has entered into a joint venture with the US aerospace and defence company Lockheed Martin Corp to make aircraft components for the C-130 transport planes. (BS)
± Reliance Infrastructure will buy back shares aggregating Rs10bn at up to 725 a share. (ET)
± Tata Motors subsidiaries, HV Transmissions and HV Axles, are set to merge to form TML Drivelines, in order to harness synergies and become a total driveline solutions provider. (FE)
± Bharti Airtel’s plans to delist its Zambian arm, Celtel Zambia, have hit a roadblock with the Lusaka Stock Exchange rejecting its application to delist reportedly for “procedural flaws”. (ET)
± Hero Motors sold a stake of 17.6% in Munjal Kiriu Industries, a joint venture with Japan’s Kiriu Corp, to the co-promoter. (BS)
± MoEF gave its conditional go-ahead to JSPL for its six mtpa integrated steel plant and 1,000 Mw captive power plant in Orissa. (BS)
± Fortis Hospitals has made its entry into Kerala with the launch of its first information centre at Thrissur. (BS)
± Cipla is discontinuing a clutch of veterinary medicines in the domestic market. (BL)
± Vijaya Bank might seek a second deadline extension for meeting the 70% provision coverage ratio (PCR) norm even as the pace of rise in its non-performing assets was falling. (BS)
± GlaxoSmithKline Pharmaceuticals would hire people to support the promotion of its products in the vaccine, branded generics and speciality segments, among others. (BL)
± Jain Irrigation Systems Ltd is now planning to commercially enter the green energy sector and offer its expertise to food processing and other companies to make them use solid bio-waste for power generation. (BL)
