Thursday, June 2, 2011

Corporate Snippets

±      Reliance Communication approaches ATC to sell its controlling stake in Reliance Infratel. (BS)
±      Reliance Capital will hire 3,500 managers for its businesses this year. (BS)
±      SAIL FPO delayed further. (ET)
±      Former SAIL chairman, Shushil Kumar Roongta to head Vedanta Aluminium. (BL)
±      Aurobindo Pharma gets US FDA nod for denopezil hydrochloride tablets. (BL)
±      NTPC designs new projects on increased imported blend. (BS)
±      Tata Power launches 15bn debentures issue. (ET)
±      Cairn Energy may give up non-compete fee on Vedanta deal. (BS)
±      Petronet to buy about 2.5 million tonne per annum LNG for up to 25 years from Gasprom. (BL)
±      Petronet LNG, Hiranandani group to build LNG terminal. (ET)
±      Lupin signs a licensing agreement with NeuClone for cell line technology to develop cancer treatment medicines. (BS)

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