Friday, April 29, 2011

Corporate Snippets

±  Idea has enrolled 1 million 3G users in the first month of launch. (ET)
±  Hindustan Lever has formed customer care teams that will study product demand and customer behavior at super markets. (ET)
±  Monnet Ispat to raise Rs13bn from 20% stake sale in it power arm by June next year. (ET)
±  Biocon is selling its stake in German drug distributor AxiCorp for a consideration of euro40mn. (ET)
±  Raymond launches ‘Makers’ brand targeting the tier-II and tier-III cities. (ET)
±  Welspun Infra Projects has acquired a 35% stake for Rs47bn in leading project development and contracting firm Leighton Contractors. (ET)
±  RPG Life Sciences has started a division for hospital sales. (BL)
±  Mphasis to open a delivery centre at Wroclaw in Poland to provide near-shore services to customers in UK and East Europe. (BL)
±  Sesa Goa expects its iron-ore production to touch 23mn tons in the current financial year against 19mn tons in the previous year. (BL)

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