Wednesday, April 6, 2011

Corporate Snippets

±  Maruti Suzuki has increased the prices of its vehicles across all models by up to Rs9,000. (ET)
±  DLF has decided to develop its Rs10bn Infopark project spread over 54 acres in the Bhubaneshwar in phases. (BS)
±  GVK Group is in advanced stages of negotiations to acquire two coal assets in Australia put on the block by Hancock Coal. (FE)
±  Future Group will start selling financial products in all its large retail stores following a tie up with Future Capital. (ET)
±  Lupin has filed a second suit in the US against Ranbaxy Laboratories to prevent Ranbaxy from launching fenofibrate, a generic version of Lupin’s cholesterol lowering drug Antara in the US. (ET)
±  Central Bank of India and Oriental Bank of Commerce have reduced their interest rates on term deposits. (BS)
±  Idea Cellular launches 3G services in Kerala. (BL)
±  Satyam Computer and PWC agreed to pay a combined US$17.5mn to settle investigations into an accounting fraud. (ET).

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