Wednesday, February 23, 2011

Corporate Snippets

maintenance and repair contract worth Rs5.9bn to the US-based P&H Mining Equipment Inc. (BL)
±  Maruti Suzuki launched the diesel variant of its SX4 sedan with an aggressive price tag of Rs 7.74-8.62 lakh (ex-showroom, Delhi). (BL)
±  Chennai Metro Rail Ltd has awarded a Rs3bn contract for power supply and overhead equipments to Siemens AG, Germany, and Siemens India consortium. (BL)
±  GlaxoSmithKline Consumer Healthcare is targeting the breakfast, snacks and mid-day meals categories for expanding its foods business. (BS)
±  RCom today launched 3G services in Kashmir. (BS)
±  Ashok Leyland Defence Systems and Krauss-Maffei Wegmann GmbH & Co. KG, Germany, will work together to develop defence systems for India and international markets. (BL)
±  Sun Pharma has announced a plan to merge its US arm Caraco Pharma Laboratories in a deal for $5.25 a share. (ET)
±  Petronet LNG is turning into a marketer of natural gas from being just an importer and regassifier of LNG. Company has launched a pilot project in Vadodara, Gujarat. (BS)

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