Friday, June 10, 2011

Corporate Snippets

±      GAIL India plans to spend US$2bn on acquisition. (ET)
±      Infosys may join race for UK government outsourcing deal. (ET)
±      Unity Infra to raise Rs1.5bn to reduce high cost debt. (ET)
±      Essar plans to raise proposed US pallet plant capacity by 75%. (ET)
±      Divi’s Labs plans to buy biotech research companies. (ET)
±      ICICI Bank has lined up an exchange offer for its lower Tier-II bonds, worth US$90mn. (BS)
±      Canara Bank is eyeing Rs80bn business for the financial year 2011-12. (BS)
±      ONGC has launched a massive exploration drive for gas extraction in Tripura. (ET)

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