Monday, April 4, 2011

Corporate Snippets

±  GAIL India launches Asia's first integrated gas management system to track all information on transmission and distribution of natural gas in the country. (ET)
±  United Spirits says it has acquired a 41.5% stake in Sovereign Distilleries, a producer of extra neutral alcohol. (BL) 
±  ONGC won’t pay royalty to Cairn unless it’s cost recoverable. (ET)
±  Procter & Gamble India has cut prices of its Pantene brand 15% across stock-keeping units. (DNA)
±  Crompton Greaves is looking to acquire energy management firm Landis+Gyr, according to media reports. (DNA)
±  In a possible deal breaker, law ministry wants the government to approve Vedanta Resources'-Cairn India only if the mining group agrees to equitably share royalty on oil produced from Rajasthan oilfields. (DNA)
±  Government to consider Cairn stake sale on Wednesday. (ET)
±  L&T Finance files DRHP to raise Rs17.5bn. (FE)
±  BSNL is likely to begin discussions with potential investors within days regarding its mobile towers network. (Mint)
±  Temasek looks to buy TPG's stake in Shriram Transport. (BL)

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