Top Corporate news of the day
Bharat Forge Ltd has formed a joint venture company with Elbit Systems Land and C41 Ltd of the US to meet the need for advanced artillery and mortar systems solutions.
Power Grid Corporation would raise close to Rs30bn, for funding its expansion plans, in this fiscal. (BL)
Bharat Forge Ltd has formed a joint venture company with Elbit Systems Land and C41 Ltd of the US to meet the need for advanced artillery and mortar systems solutions. (BL)
Standard & Poor's Ratings Services said that its rating on NTPC is not affected by the Indian government's offer-for-sale on a part of its stake in the company. (BL)
In an effort to increase its foothold in the United States, GAIL India tied with global energy marketing major EDF Trading to jointly acquire and develop upstream oil and gas assets in North America. (BS)
As part of its ongoing organisational rejig, Bharti Airtel would split India business into eight hubs, to be controlled by Ajai Puri, who would take over as the director (market operations) for India, a newly created post. (BS)
Bank of Baroda plans to shed bulk deposits amounting to Rs180bn by the end of March, to bring stability to its funding profile and to improve interest margins. (BS)
HDFC raised up to Rs5bn through issue of debentures for general corporate requirements. (BS)
Idea Cellular approached the Delhi High Court challenging the telecom department’s move to introduce a clause in the letters of intent for seven circles, where it bought 2G spectrum, which bars the company from entering into roaming agreements with other operators on the 3G network. (ET)
The Cabinet has approved GAIL India’s participation in the US$9bn Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. (ET)
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.