ONGC plans to invest US$10-15bn in East Coast and other top corporate news of the day

India Infoline News Service | Mumbai | November 28, 2016 09:00 IST

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

Gufic Biosciences has approved the Scheme of Amalgamation of Gufic Stridden Bio-Pharma with the company. (ET)
Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies. (BL)
BHEL (Bharat Heavy Industries Limited) and Kawasaki Heavy Industries (KHI), are in talks for forming a joint venture to make locomotives and steel coaches for metro trains in India. (BS)
Strides Shasun has inked a pact with Moberg Pharma to acquire PediaCare brand for over USD5mn. (BS)
Aurobindo Pharma has inked a pact to acquire select commercial products in France from Teva for an undisclosed amount. (BS)
Reliance Industries has sought access to the LPG pipeline that Indian Oil Corp (IOC) is laying from Gujarat to Gorakhpur in eastern Uttar Pradesh to cater to the growing demand for cooking gas in the country. (BS)
Oil and Natural Gas Corporation (ONGC) is planning to invest USD10-15bn in East Coast. (BS)
State Bank of India said it will raise Rs56.81bn by issuance of preferential shares to the central government, its majority shareholder. (BS)
Steel Authority of India Limited (SAIL), Bhilai Steel Plant (BSP), is looking to develop and explore small mines to meet its iron-ore requirement. (BS)
After eight years, the Rs60bn joint venture between NTPC and BHEL to manufacture power equipment has finally got into production mode at Mannavaram in Chittoor district of Andhra Pradesh. (BL)
Tata Motors and Kingfisher Airlines are among the 4 companies that owe over Rs10bn in indirect taxes to the exchequer. (BS)
The Competition Commission has approved the proposed acquisition of urea and customised fertilisers business of Tata Chemicals by Norway’s Yara Fertilisers. (BL)



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