± Oil & Natural Gas
Corp will fast-track its plans to develop new oil and
gas fields, so as to raise its sagging output and increase crude oil output by
15% in two years. (BS)
± Reliance Infrastructure has commissioned its fourth 400-kV double circuit transmission line of
about 150 km between Parali and Solapur in western Maharashtra.
(BL)
± Ashok Leyland reported a 17.23% decline in sales during the month of September at 8,576
units compared to 10,362 units a year ago. (BS)
± Bharat Sanchar Nigam
Ltd has sweetened its Voluntary Retirement Scheme by
proposing to help set up an outsourcing cooperative for all employees who take
the offer. (BL)
± Daiichi Sankyo will leverage Ranbaxy's distribution strengths and
relationships with pharmacists across Italy, for the distribution of
Daiichi Sankyo products. (FE)
± Nalco signed an agreement for setting up a 0.5 mtpa aluminium smelter and a
1,250-MW coal-based power plant in Indonesia's
East Kalimantan province at an investment of US$4.5bn.
(BL)
± Axis Bank has extended its US$200mn US commercial paper programme by a year. (BS)
± Essar Group is planning to list its infrastructure business in London next year, a move that could raise
about Rs37bn. (ET)
± The finance ministry has decided to go ahead and seek cabinet approval
for converting the dedicated infrastructure financier Ashok Leyland and
Gulf Oil have joined hands to launch a co-branded range of eight lubricants for
the commercial vehicle maker's new range of light vehicles. (BL)
± India Infrastructure
Finance Company Limited into an infrastructure finance
company despite opposition from the Planning Commission. (ET)
