± Sterlite Technologies has received a contract worth Rs1.14bn from BSNL to build a broadband network. (ET)
± Apollo Hospitals will divest minority stake in Apollo Health Street, the group's BPO division. (BL)
± It is an open-and-shut case against Suzlon Energy
in Palakkad district after having been indicted by a high-level
committee for land grab, according to Kerala Electricity minister. (BL)
± HCL Technologies has signed a five-year application support transformation deal with Deutsche Bank's capital markets arm. (BL)
± YES Bank
and Malayan Banking Berhad entered into an agreement to collaborate on
cross-border investment banking advisory, corporate banking, trade
finance, remittance and other allied services. (BL)
± Religare Enterprises Ltd
announced the appointment of Mr S. K. Bhattacharyya as an addition to
its banking advisory panel to support the management's efforts in
charting out the group's banking strategy and its application for a new
banking licence. (BL)
± The merger of ACC and Ambuja Cements, the companies controlled by Holcim, has been deferred indefinitely. (BS)
± GMR Infrastructure is setting the stage to raise private equity around Rs9.6bn in its road business. (BS)
± Wabco India Ltd said it was implementing Rs600mn capex plan to support its business in India and to cater to exports. (BS)
± Maruti Suzuki will invest nearly US$1.3bn to set up a new plant. (FE)
