Top corporate news of the day- July 3, 2015

Arvind Ltd has entered into a licence agreement with the US-based Aeropostale Inc, the speciality retailer of casual and active apparel for young women and men.

Tata Motors-owned luxury carmaker Jaguar Land Rover said it has signed a contract manufacturing agreement with Austrian automotive firm Magna Steyr in another step to enhance its worldwide production line and build global footprint. Jaguar also has announced announced the launch of XF Aero-sport at Rs. 5.2 mn (ex-showroom Mumbai, Pre- Octroi).

Arvind Lifestyle Brands Ltd, a subsidiary of denim and branded apparel major,Arvind Ltd, has entered into a licence agreement with the US-based Aeropostale Inc, the speciality retailer of casual and active apparel for young women and men.

Retail chain V-Mart is gearing up to join the fast growing e-commerce sector by next year with a mobile app-based platform to sell products. It has 108 stores and plans to use its existing outlets as delivery hubs for online customers in the initial stage.

HSIL, has entered into the home appliances segment in association with France-headquartered Groupe Atlantic. HSIL will start selling water heaters manufactured by the French firm through 2,500-odd existing retail partners.

Bharti Airtel said it's ready to launch full mobile number portability (MNP) from tomorrow, which will allow customers to retain their numbers across the country.

The Gujarat State Fertilisers & Chemicals Ltd (GSFC) will invest Rs100bn for setting up four new projects at Dahej near here, a top official said. 

M P Birla Group firm Birla Corporation is looking to ramp up its cement production capacity to 15 million tonnes (MT) in the next four years.

Larsen & Toubro has bagged orders worth Rs18.85bn for power transmission and distribution projects in June.

Jet Airways launched its new website jetairways.com, built around the theme 'designed to delight.

Kotak Mahindra Bank (KMB) cut its base rate by 0.10% to 9.75, joining its larger rivals which have announced such downward revisions in the recent past.

Customers of State Bank of India (SBI) will no longer need to have a credit card to earn rewards points. The country's largest bank has decided to give reward points to all its customers for almost every banking transaction done with the bank.

The UK's Food Standards Agency (FSA) has found the Maggi brand of instant noodles imported from India safe to eat, after it conducted tests on samples as a precaution following a ban on the Nestle product in India.

Power Finance Corporation has incorporated two subsidiaries -- Deoghar Infra Ltd and Bihar Infrapower Ltd -- for setting up two ultra mega power projects of 4,000 MW each in Jharkhand and Bihar.