Tuesday 6 January 2015

Top corporate news of the day - January 06, 2015

Larsen & Toubro has bagged contracts worth Rs.40bn from domestic and international clients.

Va Tech Wabag has won a Rs.2.2bn contract under the Ganga Action Plan Project to build and operate a sewage treatment plant.

Coal India Ltd has placed immediate priorities on output ramp-up and supply increase as well as unlocking of undeveloped reserves in the immediate future.

Deepak Fertilisers sells 2.2% stake in Mangalore Chemicals. Post the sale, Deepak Fertilisers' stake has come down to 29.05%.

NMDC's iron ore production up 11.5% in nine months of FY15. The company has rolled over its prices of lumps at Rs.4,200 per tonne to the month of January.

The Central Bureau of Investigation has conducted searches across 21 locations and two cities in a case against entities related to IRB Infrastructure.

Andhra Bank has almost got a new lease of life and there is no merger threat for the bank for now. The Government is set to grant a capital of about Rs.2-3bn.

NTT DoCoMo Inc has filed a request for arbitration with Tata Sons Limited to find a buyer for the Japanese company's stake in Tata Teleservices Limited.

MOIL Ltd slashed prices of various grades of manganese ore by 5-7.5% for the January-March quarter.

Honda Cars India increased the prices of its vehicles by up to Rs.60,000 following the expiry of reduced excise duty concessions and also to offset the rising inputcosts.

Essel Propack said it has expanded manufacturing capabilities in Egypt and China to cater to FMCG and cosmetic brands in West Asian, African and Chinese markets.

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