Friday, 16 January 2015

Top corporate news of the day - January 16, 2015

Ashok Leyland unveiled the Versa EV from its UK arm Optare plc, at the Bus & Special Vehicles Show organised by SIAM in Greater Noida, Delhi NCR.
 
Infosys is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
 
Royal Dutch Shell and French firm GDF Suez are likely to take 26 % cent stake each in GAIL India Ltd's proposed floating LNG import terminal at Kakinada in Andhra Pradesh.
 
BHEL has bagged a Rs12bn order for 370 MW gas-based combined cycle power project in Karnataka.
 
An Australian environmental group launched a legal challenge against Adani Enterprises' US$7bn Carmichael coal mine project in the Galilee Basin, renewing the focus on a key issue in a rancorous election campaign in Queensland state.
 
YES Bank plans to seek approval from the regulators for entering into the asset management and the primary dealership business.
 
United Bank of India (UBI) became the first bank to announce a reduction in base rate following the Reserve Bank of India's (RBI) decision to cut repo rate by 25 basis points.
 
Atul announced that it has got the US Food and Drug Administration (FDA) approval for the Dapsonemanufacture facility located at Valsad, Gujarat.
 
Bharat Petroleum Corp Ltd (BPCL) plans to more than double capacity of its Bina refinery in Madhya Pradesh to 15 mn tonnes at a cost of about Rs230bn.
 
SpiceJet announced its fourth change of ownership going back to its original promoter Ajay Singh, at a time when the beleagured airline needs an urgent turnaround.

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