Friday 11 September 2015

Top Corporate news of the day - September 11, 2015

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.


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Reliance Group’s Reliance Energy launched full service Android mobile app, which will allow access to all power supply related services and information in Greater Mumbai.

Tata Motors signed an agreement with French major Total Lubrifiants for supply of high performance lubricants across the homegrown auto major's sales and service points in the global market.

Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, said it is looking to divest a manufacturing plant in Ireland as it tries to control costs that have spiralled since it bought Ranbaxy Laboratories Ltd.

Tata Steel has announced that it has started producing coke at its Kalinganagar project in Odisha. In the 3.3 mn tonnes first phase of the project, the steel plant will have two coke oven batteries, each comprising 88 ovens and having a gross coke production capacity of 1.5 million tonnes a year.

As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries.

Biopharma firm Suven Life Sciences said it has been granted one patent each in five nations, including China and Israel, for a drug used in the treatment of neurodegenerative diseases.

Steel Authority of India Ltd has taken up Rs18bn upgradation and repair programme at Bokaro Steel Plant in Jharkhand.

Maruti Suzuki India launched a limited edition version of its popular model WagonR, named Avance, with prices starting at Rs0.43mn (ex-showroom Delhi).

Piramal Enterprises (PEL) is within striking distance of taking control of Infrastructure Leasing & Financial Services (IL&FS) — India's largest unlisted infrastructure developer and financier.

Nestle India, whose flagship brand 'Maggi' had faced countrywide ban over alleged excessive lead content, will be using consumer engagement and digital marketing platforms to re-establish consumer trust in the product before bringing the popular instant noodles back to the table by the year-end. 

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