Top Corporate news of the day

India Infoline News Service | Mumbai |

Apollo Tyres opened its global research and development (R&D) centre in Enschede, the Netherlands.

Mahindra and Mahindra’s South Korean subsidiary SsangYong Motor Corporation, which has been facing some labour isues, has decided to reinstate all the 455 unpaid leave workers as on March 1, 2013. (BL)

Apollo Tyres opened its global research and development (R&D) centre in Enschede, the Netherlands. It will serve as a hub for the development and testing of car and van tyres for all product brands. (BL)

GVK Power and Infrastructure terminated the contract with National Highways Authority of India (NHAI) for building a section of road in Madhya Pradesh. (BL)

Crompton Greaves  said it will acquire compact fluorescent lamp (CFL) manufacturing business of Himachal Pradesh-based Karma Industries. (BL)

Pune based preventive healthcare firm, Indus Health has entered the southern market by teaming up with Apollo Hospitals to set up its 55th centre in Hyderabad. (BL)

Coal India Ltd (CIL)  said the supply of coal to NTPC’s Dadri power units during January 1-13 period was more than the committed quantity. (BL)

The Department of Telecom has sought the Cabinet’s approval for a Rs200bn bailout package for Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. (BL)

Sonata Software has inked a deal with Qatar’s MEEZA to enhance cooperation in the area of Information and Communications Technology service delivery across Middle East North Africa (MENA) region, with immediate focus being Qatar. (BL)

In a move that could generate more controversy for the proposed Jet Airways-Etihad deal, Air India has written to the Ministry of Civil Aviation saying that allowing the deal to go through could affect the overall complexion of international air passenger flow to and from India. (BL)

YES Bank has initiated talks with Royal Bank of Scotland (RBS) to acquire the latter’s retail assets in India. (BS)

Tata Power has developed a new succession plan to groom in-house talent to take over critical leadership positions when these fall vacant. (BS)

JSW Steel reported a marginal growth of 8 % in its crude steel production in Oct-Dec quarter amid issues like shortages of iron ore continuing to affect its performance. (ET)


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