± Bharti Airtel,
has offered to list its subsidiary, which offers mobile services in six
northeastern states (excluding Assam) and Rajasthan, to provide an exit
option for its minority JV partner, Telecom Consultants of India Ltd
(TCIL). (ET)
± NTPC
is understood to have dropped or frozen its plan to set up a 1,320 Mw
power plant at Santaldih, West Bengal. The project might have seen an
investment of at least Rs80bn in the state, had it happened. (BS)
± Britannia Industries
has received approval from the Karnataka government on Thursday to set
up a greenfield biscuits and bakery manufacturing unit on the outskirts
of Bangalore. The company will invest around Rs 1bn to set up this unit
according to the Karnataka government. (BS)
± The Employees’ Provident Fund Organisation selected four new fund managers—SBI, ICICI Securities, Reliance Capital and HSBC Asset Management Company—for managing its corpus of Rs3500bn. (BS)
± HCL Technologies
announced the opening of a co-innovation lab in Singapore with American
pharmaceutical firm Eli Lilly to develop new technologies and solutions
specifically for the drug maker. (BS)
