Tuesday, March 22, 2011

Corporate Snippets

±  ICICI Bank Ltd, in association with Intuit announced the launch of “Money Manager”, an online personal finance management solution for its customers. (BS)
±  Essar Energy Plc, whose plans to sign a gas sales purchase agreement with RIL for supply of 0.6mn metric standard cubic meters of gas for its Vadinar refinery in Gujarat has now hit a stumbling block. (ET)
±  The Supreme Court has admitted the petition of Reliance Communications challenging the order of the telecom tribunal TDSAT, which had set aside the plea of Anil Ambani group firm challenging penalty imposed by the state-run firm BSNL. (ET)
±  Gail India has endorsed petroleum sector regulator's proposal allowing pipeline companies to charge tariffs lower than approved rates. (ET)
±  Voltas has decided to form a joint venture with German-based Linde Material Handling GmbH (LMH), a part of KION Group, for materials handling business. (BL)
±  Everest Industries will set up a new manufacturing facility in East India to cater to the growing demand as it aims to cross Rs10bn revenue in 2011-12. (BS)
±  BPCL has deferred shutdown of a hydrogen unit at its Mumbai refinery and a diesel unit at the Kochi plant to meet local fuel demand. (ET)
±  HPCL may defer the planned 15-day shutdown of a 60,000 barrels per day crude unit at Mumbai refinery to September to meet local fuel demand. (ET)
±  IOC may consider deferring shutdowns of units at some of its refineries to meet local fuel demand. (ET)
±  Hindustan Copper plans to invest Rs36.8bn to almost quadruple its existing copper ore production capacity to 12.41mn tonnes per annum by 2016-17. (ET)

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