± Maruti Suzuki has put in place a new strategy to reduce its dependence on Japan for auto parts. It will source parts from new geographies such as Thailand and Germany. (BS)
± Sesa Goais also exploring options to build steel plants. (ET)
± JSW Steel has acquired 3.77% stake in Ispat Industries in an open offer, taking its total holding to 49.3%. (FE)
± Aditya Nath Jha, head of branding and corporate marketing at Infosys, has resigned.(BS)
± NTPC will allocate 500 mw of green energy to various states to help them meet the Renewable Energy Purchase Obligation as mandated in the National Tariff Policy. (FE)
± SBI intends to continue with the consolidation drive within the SBI Group and would initiate steps to gobble up an associate bank fully owned by it. (BL)
± Tata Motors has reduced production of all passenger vehicles, except the Nano compact, by 15-20 per cent in April. (BL)
± Thermax is setting up a greenfield plant at Kesurdi, near Shirwal, off the Pune-Ba ngalore highway for the manufacture of supercritical boilers in its 51:49 joint venture with Babcock and Wilcox. (ET)
± Power Finance Corporation will launch its share sale on May 10, marking a deal that could raise up to US$1.2bn. (ET)
