Friday 26 December 2014

Top corporate news of the day - December 26, 2014

Sumitomo Mitsui buys 2.8% in Reliance Capital for Rs3.7bn.

Infosys is fast building its capabilities in SMAC as it has significantly up its recruitment in this space.

Government to defer RIIL’s IPO.

RIL signs deal with Mitsui OSK Lines for ethane transportation.

Hind Powerprojects to invest Rs120bn in renewable energy.

Azim Premji’s to invest Rs1.7bn in promoter entity of Future Retail.

BPCL is planning to raise Rs 40bn for expansion of its Kochi refinery and to fund its petrochemicals venture.

A fund managed by JPMorgan Chase is in advanced talks to partner with SpiceJet Ltd's co-founder for a planned $200mn investment into the airline.

IFCI plans to raise Rs7.90bn from non-convertible debentures to fund its business growth.

Torrent Pharma has entered into an exclusive licensing agreement with Reliance Life Sciences for marketing three biosimilars in the Indian market.

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