Aditya Birla Group to invest Rs 7,000 cr in Andhra Pradesh and other top corporate news of the day

India Infoline News Service | Mumbai | January 30, 2017 09:02 IST

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Businessman-sitting-on-bench, News
Lokesh Machines Ltd is set to enter into an agreement with EMCO GmbH of Austria for the manufacture and sale of the latter's machines in India and export supplies. (BL)
Fitch Ratings has assigned NTPC’s EUR500mn, 2.75% notes due in 2027, a final rating of ‘BBB—’, which denotes investment grade. (BL)
Jain Irrigation Systems will raise $ 200 mn through issuance of dollar bonds — for the first time — to overseas investors, primarily to retire debt. (BL)
Aditya Birla Group plans to invest Rs70bn in the next two years in Andhra Pradesh on expanding existing businesses. (BS)
The Competition Commission has approved Schneider Electric's proposed purchase of the remaining 26% in power backup solutions provider Luminous.  (BS)
Larsen & Toubro has bagged orders worth Rs 12.86 bn for construction jobs. (ET)
UK Steel workers' unions have given their backing to Tata Steel UK's pension plan in a bid to rescue thousands of jobs and allow a merger with ThyssenKrupp to go ahead. (ET)
Maruti Suzuki India Ltd said that it will increase prices of products ranging from Rs 1,500 to Rs 8,014 (ex-showroom, Delhi) across models. (BL)
Hindustan Petroleum Corp Ltd (HPCL) and GAIL India Ltd signed a pact with Andhra Government for setting up a Rs 400 bn petrochemical plant in the state. (ET)
Balrampur Chini Mills signed an agreement with Ganesh Explosives to sell its entire 53.96% stake in its subsidiary Indo Gulf Industries Ltd (IGLL). (BL)
Granules India Ltd has announced its move to invest USD20mn in its wholly-owned subsidiary Granules Pharmaceuticals Inc. (BL)



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