Friday, October 7, 2011

Corporate Snippets

±  Maruti has fixed production targets at 30-40% higher for October, compared to September when it produced 73,000 cars. (ET)
±  The Department of Telecommunications is known to have cleared a showcause notice to Idea Cellular on cancellation of its telecom licence in Punjab. (BS)
±  Suzlon Energy has bagged an order from GAIL for supply of wind turbines to the state-run gas distribution majors upcoming project in Karnataka. (BS)
±  Mundra Port and Special Economic Zone has emerged as the sole bidder for Chennai port’s Rs36.8bn mega container terminal project. (BS)
±  The telecom department has asked its legal wing to examine the 3G roaming agreements between Bharti Airtel, Vodafone and Idea Cellular. (ET)
±  BHEL has bagged a Rs38bn order from Dainik Bhaskar Power for setting up a 1,320-MW thermal power plant in Madhya Pradesh. (BL)
±  Essar Power has earmarked an investment of US$8bn in the next three years for setting up thermal power projects in the country. (BS)
±  Bahrain-based telecom firm Menatelecom has awarded WiMAX managed services contracts to Tech Mahindra and Huawei Technologies for the year 2012-13. (BS)

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