Wednesday, 15 April 2015

Top corporate news of the day - April 15, 2015

Government plans to auction 69 small and marginal oil fields of ONGC and Oil India Ltd to private firms on a new revenue sharing model. 

Tablet computer with business news
Zomato has acquired MaplePOS, a cloud-based point of sale product for restaurants, for an undisclosed sum. MaplePOS has now been renamed Zomato Base.
 
Bajaj Auto expanded its Pulsar range in the adventure sport bike category - AS200 and AS150 - priced at Rs79,000 and Rs91,550 (ex-showroom Delhi). 
 
Government plans to auction 69 small and marginal oil fields of ONGC and Oil India Ltd to private firms on a new revenue sharing model. 
 
DHFL reduced its home loan rate by 25 basis points to 9.9%. The new rate will come into effect from Wednesday.
 
Parag Milk Foods is planning to raise anywhere between Rs4bn and Rs5bn from private equity firms to expand its operations over the next three years, according to its chairman. 

Welspun Renewables said it has signed an agreement with Germany-based iPLON for supplying equipment required for its 550 MW upcoming solar power capacity in India. 
 
Facing backlash over net neutrality, e-commerce major Flipkart has pulled out of discussions with Airtel for the Airtel Zero platform. 
 
Vodafone said that it invested Rs4.8bn in the last fiscal to enhance its network coverage in Eastern Uttar Pradesh. 
 
PVC pipe maker Skipper announced its foray into the western region with a new manufacturing facility being set up at Changodar. The facility will help the company establish footing in the Rs60bn PVC pipes western region market. 
 
Alstom T&D has secured a Rs569m order from the Bhabha Atomic Research Centre to provide a 220/11kV, 25/31.5 MVA substation for its Challakere unit in Chitradurga, Karnataka. 
 
Ashoka Buildcon has raised Rs5bn from a share sale to institutional investors, sources said. 
 
KNR Constructions Limited has bagged three State Highway road upgradation contracts in Tamil Nadu together worth Rs7.3bn. 
 
Muthoot Group has entered into the home loan segment with the launch of Muthoot Homfin. 

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