Monday 5 January 2015

Top corporate news of the day - January 05, 2015

Tata Chemicals Limited which is set to launch the Rs.500mn nutraceuticals manufacturing facility shortly plans to introduce retail products in this category in future.

Indian Oil Corporation is confident of meeting the Tamil Nadu government’s guidelines on pipeline alignment to be able to complete on schedule the Rs.51.5bn LNG import terminal planned to the north of Chennai.

Confident about further growth in its mutual fund and securities market businesses, Reliance Capitalexpects a boost in its life insurance business as well in 2015.

Bharat Heavy Electricals Limited has signed up with the Telangana State Power Generation Corporation Limited for supply of fuel flexible supercritical boilers for projects coming up in Telangana.

SAIL’s Burnpur plant commissions continuous casting unit.

Tata Steel resumes operations at Noamundi mine after a more-than-three-month stoppage, a move that will help lower its reliance on costlier imports of the raw material.

Cyient has signed a definitive agreement to acquire a 74% equity stake in Mysore headquartered electronics system design and manufacturing services firm Rangsons Electronics Private Limited, in an-all cash transaction and for an undisclosed sum.

Central Bank of India is in the process of raising Rs.6600mn through conversion of perpetual non-cumulative preference shares held by the government into equity shares.

Titagarh Wagons is looking to tap the African and MENA regions as it eyes nearly two fold increase in exports to about Rs.1200mn by FY16.

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