Thursday 22 January 2015

Top corporate news of the day – January 22, 2015

Government has sought expression of interest from reputed merchant bankers for divesting 10% stake in iron ore miner NMDC that could fetch about Rs55bn to the exchequer.



SpiceJet's revival has run into trouble after aircraft leasing companies pulled out the Boeing 737 planes leased to the Indian budget airline.

Government has sought expression of interest from reputed merchant bankers for divesting 10% stake in iron ore miner NMDC that could fetch about Rs55bn to the exchequer.

Tata Consultancy Services (TCS), announced that the company's flagship TCS Research Scholarship Programme (TCS RSP) will be extended for another five years to reach over 200 additional doctoral research scholars across India in the area of Computer Science.

Tata Motors’, Jaguar Land Rover is developing a range of new technologies that will use colours, sounds and touch inside the car to alert drivers to potential hazards and prevent accidents involving bicycles and motorbikes.

Gujarat State Fertilizers and Chemicals Ltd (GSFC) plans to spend over Rs12bn towards capacity expansions this year.

Air-conditioning and commercial refrigeration company Blue Star Ltd would finalise the land to set up a manufacturing unit in the Southern region, which would see investments of about Rs1.50bn.   

Mahanagar Telephone Nigam Limited (MTNL) is putting up an intra-city fiber network in Mumbai and Delhi to facilitate India's digital vision of seamless coverage.

The half a dozen public interest litigations (PIL) filed in various courts across the country against the proposed launch of four-wheeled transport vehicle called quadricycle has been instigated, claims Pune-based bike major Bajaj Auto.

Auto major Maruti and consumer durables maker Lloyd Electric (brand to be promoted will be Lloyd Air Conditioners) will be on-air sponsors of the month-and-a-half-long cricket world cup.

Life insurance companies are making a beeline at DCB Bank, earlier known as Development Credit Bank, for a bancassurance tie-up, as the lender’s current contract with Birla Sun Life Insurance is coming up for renewal.



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