Thursday, July 16, 2009

Corporate News

ONGC's deep-sea project in Brazil has begun crude oil production (BS)

NTPC has signed MoUs with Chattisgarh Government for setting-up a 4,000MW power project

RIL has sent its first shipment of petrol from Jamnagar new refinery to New York (FE)

Tata Group to rejig its budget hotel brand, Ginger, by divesting unviable properties and adopting a flexible pricing strategy (ET)

Tata Motors to deliver first batch of Nano by July-end (ET)

M&M unveiled a new pick-up vehicle, Bolero MaxiTruck, replacing its three-year old Maxx MaxiTruck (ET)

Tata Motors-owned JLR has announced 300 fresh job cuts at its Halewood plant (BS)

stays tariff hike announced by Reliance Infrastructure (ET)

Tech M has set-up a BPO centre in Kolkata (BS)

Dabur eyes acquisition up to Rs5bn in healthcare

Tata Teleservices is eying a majority stake in Matrix Cellular Services (ET)

Essar Oil plans to expand its retail fuel outlet network to 1,500 by the end of this year (BL)

Reliance Big Entertainment, a ADAG Group company, has sealed initial funding of US$825mn for its JV with Dreamworks (ET)

MTNL has invited bids from international firms to run its 3G mobile services (ET)

IDBI plans rights issue to bolster capital base

Godrej Properties, the real estate arm of Godrej Group, receives SEBI's approval for IPO (ET)

JSL acquires chrome ore assets in Turkey (ET)

Jet Airways and Sahara have failed to settle tax dispute out-of-court (FE)

3i Infotech will buy the entire 49% stake of Elegon Infotech from Yucheng Technologies, its JV partner in China

Panacea Biotech along with two other companies has received the nod to develop swine flu vaccine (ET)


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