Thursday 1 January 2015

Top corporate news of the day - January 01, 2015

Manappuram Finance, with a market share of around 12% in the gold loan business, might acquire a commercial vehicles loan company, in a bid to expand the portfolio.

L&T Infrastructure Development Projects has begun construction of a Rs12.9bn road widening project in Odisha, more than a year after bagging the contract for it.

Coromandel International formally completed the process of amalgamation of Sabero Organics Gujarat Ltd with itself.

SpiceJet’s current curtailed operations will continue till January 10 without the airline having to pay an airport every time its aircraft lands or takes off.

The meeting of PM with bankers is seen as the “final” stage of decision-making on the fate of Andhra Bank, which is suffering from a high percentage of NPAs. It is a probable candidate for merger withBank of Baroda or Punjab National Bank.

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