± State Bank India said its rights issue proposal is on course and it could happen in another 2-3 months. (ET)
± Neyveli Lignite Corporation said it plans to set up a 4,000-MW thermal power project in Tamil Nadu with an investment of around Rs200bn. (ET)
± Pipavav Defence and Offshore Engineering Company Ltd will be partnering with Mazagon Dock Ltd to build warships for the Indian Navy. (ET)
± The Ministry of Defence has approved disinvestment of 10 % government holding in Hindustan Aeronautics Ltd. (BL)
± Tata Chemicals
along with its joint venture partners Singapore-based Olam
International and the Government of Gabon have signed the
pre-construction services agreement with Technip S.A. for the gas-based
urea fertiliser plant in Gabon, Africa. (BL)
± Wockhardt
has significantly reduced the number of people working at its Negma
operations in France, and the plant has been divested. (BL)
± National Collateral Management Services and L&T Finance
has entered into a strategic partnership to assist industries, traders
and farmers with working capital requirements at all stages of the
supply chain. (BL)
± Future Group plans to divest stakes in non-core businesses in the next six to 12 months. (BS)
± Godrej Properties Ltd
announced that it has tied-up with Global Indian International School
(GIIS) for setting up a world class education facility at its township
project Godrej Garden City (GGC) in Ahmedabad. (BS)
± ICICI Bank plans to raise funds through foreign currency bonds in the coming quarters to meet the funding needs of Indian companies. (BS)
