Thursday, March 10, 2011

Corporate Snippets

±  Tata Motors to roll out new buses by early next fiscal. (BL)
±  Cairn-Vedanta deal likely to get cabinet nod by next week. (ET)
±  Hero Investments, promoter of Hero Honda has raised Rs9bn by pledging to Axis Trustee Services. (ET)
±  Dr Reddy’s Labs may launch 3 new drugs in US market in next financial year. (BS)
±  Canara Bank is raising upto US$440mn via share sale to institutional investors. (ET)
±  Tata Power may raise capacity by 1,300MW. (BL)
±  HDFC may sell part of non-core investments over next 6-12 months for Rs40bn. (BS)
±  Bank of India hikes its deposit rates by 25-75 bps. (BL)
±  Central Bank of India proposes to raise about Rs25bn from rights issue. (ET)

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