Wednesday, May 20, 2009

Corporate News

Government gives NTPC ultimatum to sign gas pact with RIL (BS)

Tata Motors raised Rs12.50bn by selling NCDs to LIC.(ET)

L&T, GE and Hitachi could tie-up to build nuclear reactors (BL)

Dr Reddy's to tap rural, north Indian markets for growth (BL)

Tech Mahindra may restate Satyam accounts for only one year. (ET)

Maruti hopes to exceed SIAM's industry growth projections (BL)

SBI in talks for guarantee sharing in Tata Motors' debenture issue (BS)

Infosys plans to stop home loan allowance for its employees (BL)

ABB Group has selected TCS for carrying out SAP ERP consolidation exercise (BL)

Punj Lloyd exits realty business, sells its 50% in Ramprastha JV. (ET)

Tata Steel gets Rs20bn loan from LIC. (ET)

BHEL likely to take up NTPC Barh projects if Russian firm that has bagged the order part ways. (FE)

TVS Motors has won the month's long legal battle against Bajaj Auto over using the twin spark plug internal combustion engine technology for its 125cc 'Flame'. (FE)

Unitech promoters to raise their stake by about 10% in the company by subscribing to warrants worth about Rs10bn over the next 18 months. (ET)

Idea to source equipment from Huawei worth Rs1bn. (ET)

JSW Steel may shut US mills for three months (BS)

Strike at M&M Nashik plant called off, company to re-start normal production in 2 days. (FE)

The 22-day strike at Nestle's Pantnagar factory in Uttarakhand was called off on Tuesday (BS)

UBI freezes home loan rate at 8% for one year (BS)

Bombay High Court allows Jet Airways to lease aircraft (BS)

Torrent Power takes on distribution in Kanpur (BS)

NIIT Tech to offer banking solutions to Tier-II banks (BS)

Srei Infra raises Rs10bn through NCDs (BS)


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