Tuesday, July 19, 2011

Corporate Snippets




±  Lupin Ltd is considering selling its unit that markets medicines in India (ET)
±  JSW Steel is likely to take production cuts at its 10 mtpa steel plant at Toranagal in Bellary district of Karnataka owing to severe shortage of iron ore, the key raw material to make steel. (BS)
±  Polaris Software Ltd forayed into Bangladesh market by launching a joint venture company along with Bangladesh-based public sector Bank Sonali Bank Ltd. (FE)
±  NTPC may be forced to drop the proposed 1,600 MW (2 X 800 MW) supercritical thermal power project at Katwa in West Bengal, if the Mamata Banerjee-led State Government fails to solve the land tangle. (BL)
±  Pratibha Indsutries' latest order wins take its order book to over Rs 56bn, which results in the order book growing a hefty 31 per cent over that in June last year. (BL)
±  Tata Motors is planning assembly of more Land Rover models in India. (BL)
±  Over 12 Kingfisher Airlines flights were grounded at the country’s four major airports for two hours after HPCL refused to supply fuel due to non-payment of dues. (BS)
±  State-run Power Finance Corporation plans to raise Rs 220bn through issuing infrastructure and tax-free bonds, among others, during the current financial year. (BS)
±  Infosys Limited is vying for land in Gujarat. N R Narayana Murthy will meet Gujarat Chief Minister Narendra Modi on Tuesday to discuss setting up of a campus in the state. (BS)

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