Monday, 22 December 2014

Top corporate news of the day - December 22, 2014

GoAir said it has put 1.7 mn seats up for sale, offering fares as low as Rs 1,469 for travel next year to stimulate demand during the lean period. 
 
Infosys  is increasing its focus on geographies like North America and EMEA region to drive growth of its core banking solution Finacle. 
 
Giving Indian sarees a 'green' touch, Dupont has joined hands with Reliance Industries and Vipul Sarees for use of its renewable fibre product Sorona to make an 'environment-friendly' version of this ethnic ladieswear. 
 
Tech Mahindra is learnt to have entered into a strategic alliance with a German start-up, Enquiss GmbH & Co KG, to expand in the connected devices segment. 
 
The 40mm L/70 anti-aircraft guns used by Indian defence forces are being upgraded and modernised at Madhya Pradesh's Jabalpur-based Gun Carriage Factory (GCF), with the help of Bharat Electronics Limited. 
 
Tilaknagar Industries plans to more than double its capacity here to 6 mn cases in the next 6-8 months to cater to the domestic demand and exports. (ET)
 
Coal India arm WCL has proposed to increase the price of coal by Rs 500 a tonne on certain grades of the dry fuel to make some of its projects viable. 
 
Tata Chemicals Ltd is looking to strengthen its FMCG business by entering new product categories. 
 
Ashok Leyland has introduced the Captain 2523 Tipper and Captain 2518 Tipper in Telangana. The Captain series is designed to meet high productivity norms of mines and construction. 
 
Zomato continued it global shopping spree and announced the acquisition of Italy’s Cibando — the fifth purchase in five months — for an undisclosed amount. 

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