Wednesday, May 18, 2011

Corporate Snippets

±  Ambuja Cements has sought more time from the state government for executing its proposed greenfield cement plant at Nadikudi in Guntur district. (BS)
±  Tata Motors has five months to work out a solution to the Singur imbroglio, to save the lease agreement from being terminated. (BS)
±  JSW Steel will raise about Rs106bn debt in current financial year for its proposed steel plant in West Bengal. (FE)
±  Oceana Therapeutics, a New Jersey-based pharmaceutical company, has entered into an exclusive multi-year agreement with Dr Reddy’s Laboratories giving it rights for the sale and distribution of Deflux in India. (FE)
±  Wipro Consumer Care and Lighting re-launched ayurvedic soap brand Chandrika with new packaging. (ET)
±  Kotak Realty Funds Group, the private equity arm of Kotak Bank, is aiming to raise Rs6bn through its fourth realty fund to be launched in the next few days. (ET)
±  SAIL is finalizing a consultant to outsource the mining at Chiria. (ET)

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