Thursday 28 May 2015

Top corporate news of the day - May 28, 2015

Dabur announced a partnership with Sulabh International, a social service organisation focused on sanitation, to drive personal cleanliness and hygiene, and inculcate the habit of using toilets.

Newspaper
Dabur announced a partnership with Sulabh International, a social service organisation focused on sanitation, to drive personal cleanliness and hygiene, and inculcate the habit of using toilets.

Essar Steel, which has been in the news after HDFC Bank sold a loan down to asset reconstruction companies, has taken a series of steps to strengthen its balance sheet. 

Vedanta Resources Plc will aim to lift a court-imposed cap on its iron-ore output in Goa, as it prepares to resume mining there in October after a three-year lull.

M&M to launch nine vehicles this year. The launches, including refreshes and all-new models, will be in both the personal and commercial segments. 

Mahindra and Mahindra, which entered the two-wheeler business six years ago, will intensify marketing efforts to grow its market share by five-fold to about 5%. 

Vodafone has said it has invested Rs.10.5bn to strengthen its network presence in Maharashtra & Goa circle during fiscal year 2015. 

Tanzania's government has agreed a deal to buy back a 35% stake in a state-run telecoms company from the local subsidiary of Bharti Airtel for 14.6bn shillings. 

Balrampur Chini Mills is planning to invest Rs.2000mn in its three units to enhance the production capacity of ethanol. 

Jyothy Laboratories may induct its detergent powder Mr White into its list of power brands by next year.

Daimler India Commercial Vehicle inaugurated its new bus manufacturing facility set up at an investment of Rs. 4250mn at Oragadam, near Chennai.

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