Wednesday, 14 January 2015

Top corporate news of the day - January 14, 2015

Godrej Nature's Basket said it has tied up with e-commerce player Snapdeal to sell its products online. Godrej Nature's Basket has listed over 700 products on the portal in the first phase and the range will increase in the coming months.
 
Jet Airways joined the fare war dropping fares by upto 50% in a six day sale offer.
 
Fate of about 15mn patients suffering from respiratory diseases hangs in balance as the latest legal tussle between Cipla and Novartis over generic launch of Onbrez is likely to intensify after the Delhi High Court has given an injunction order asking Cipla to stop selling the cheaper generic of Onbrez.
 
NMDC Limited is all set to start trial production at its new pellet plant at Donimalai in Bellary district of Karnataka by March this year.
 
Essar Group plans to invest Rs60bn over three years towards brown field expansion of its existing oil refinery at Vadinar near Jamnagar in Gujarat.
 
Adani Wilmar Ltd plans to invest Rs1.5bn over the next 12-18 months in its rice business, a new vertical it expects to grow over the next few years. 
 
HDFC Bank is drawing on its clout as a banker to most of the e-retailers to launch a digital wallet and an electronic marketplace for various online merchants. 
 
Piramal Enterprises' Pharma Solution division said it plans to invest US$40 mn in new equipment and next generation technologies. 
 
 Oberoi Realty launched two luxury residential projects in suburban Mulund area of the city. 
 
PepsiCo, the global sponsor of the ICC World Cup, is launching a new campaign for the Cricket World Cup 2015 associating its snacks brand Lay's. 
 
Bharatiya Mahila Bank (BMB), which has 40 branches in various parts of the country, will open 40 more branches during the current financial year, according to SM Swathi, Executive Director of the bank.
 
Snowman Logistics could be in action on reports that it is in advanced talks to acquire two Bengaluru-based startups specialising in chopping vegetables and assembling sandwiches and burgers before sending them off to quick service restaurants (QSR).

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