Wednesday, March 9, 2011

Corporate Snippets

±  TCS will adopt a differential pricing strategy in different regions and for different sectors for its recently launched iON, a cloud-based business solution for the small and medium business. (BL)
±  JSW Steel will be raising Rs10bn from an export credit agency and US$280mn ECB to fund its 2.3-million tonne cold-rolling mill to be set up at its flagship Vijayanagar (Bellary) steel factory. (FE)
±  Adani Group is exploring the possibility of acquiring coal assets in Russia and South Africa and plans to buy two more capsize cargo vessels to boost its coal imports. (BL)
±  BHEL has chalked out a major capacity expansion programme in the next two years at an investment of Rs6bn. (BL)
±  Bharti Airtel said it has acquired up to six-lakh 3G subscribers, which offer higher average revenues. (ET)
±  M&M has entered into a global strategic collaboration with US networking equipment major Cisco. (BS)
±  The office-bearers of M&M Employees' Union at Nashik plant called off their eight-day long hunger strike after M&M chairman assured the Union to personally hold talks on their demands today in Mumbai. (BS)
±  Dabur India said it planned a turnover of Rs50bn for FY12, with more acquisitions in the personal and healthcare segments. (BS)

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