Friday, 6 February 2015

Top corporate news of the day

Reliance Communications has signed a multi-million dollar deal with Avaya under which the technology solutions provider will transform the telecom major's existing call centre operations.

Kwality is going to enter the direct consumer business in a bid to become a major player in the fast-moving consumer goods sector. 

  Reliance Communications has signed a multi-million dollar deal with Avaya under which the technology solutions provider will transform the telecom major's existing call centre operations.

 Petronet LNG is one of the companies shortlisted to build a liquefied natural gas terminal in neighbouring Bangladesh.

   Ramco Cements is expecting its grinding unit at Vizag, which it is setting up at a cost of Rs4.75bn and it will be commissioned in April 2015. 

   Tata Motors-owned Jaguar Land Rover met the governor of Georgia, US to discuss setting up a new factory in the state.

   TVS Motor has decided to postpone new motorbike launches by one quarter. (BS)

   HDFC Bank raised Rs98.40bn by selling shares in the domestic markets and offering 22 million American Depository Receipts (ADRs) in the United States. 

  Dalmia Cement Bharat Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a co-operation agreement with the International Finance Corporation (IFC) to conduct resource efficiency assessments and mobilise investments at its manufacturing facilities. 

   Bharat Heavy Electricals Limited (BHEL) has commissioned a 270-MW coal based thermal power plant at Rattan India Power Limited’s (formerly Indiabulls Power Limited) upcoming thermal power project located at village Nandgaonpeth in Amravati district of Maharashtra.  

 Aurobindo Pharma Ltd plans to form a joint venture (JV) with the Hyderabad-based Tergene Biotech Private Limited, a vaccine development company, for developing pneumococcal conjugate vaccine (PCV). (BS) 

  Kirloskar Oil Engines Ltd (KOEL), the Pune-based engine and genset manufacturer, and Germany’s Rolls-Royce have signed a declaration of intent for exclusive cooperation on the building and commissioning of emergency gensets for nuclear power plants in India. 

   Indian mining giant Adani has said it will go ahead with its USD15bn mine, rail and port projects in Australia’s coal-rich Queensland state, amid speculation that the victorious Labor Party in the state may reverse the policy and create new trouble for the company. 

   Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its global established pharmaceutical business. Hospira Inc., based in Lake Forest, Illinois, is a provider of injectable drugs and infusion technologies. Pfizer Inc. will pay 39% premium to Hospira's Wednesday closing price of USD64.80. The companies put the deal's enterprise value at about USD17bn.

   After witnessing the launch of the country's first mobile service in 1995, Kolkata is all set to become the country's first digital metro city with Reliance Jio subsidiary of Reliance Industries, unveiling its Wireless Broadband Access-based Wi-Fi services here.

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