Thursday 3 September 2015

Top Corporate news of the day - September 3, 2015

Singapore wealth fund GIC will invest about Rs 19.9bn in a new joint venture with real estate developer DLF that will build two projects in the Indian capital New Delhi, the two firms said in a joint statement.


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Singapore wealth fund GIC will invest about Rs 19.9bn in a new joint venture with real estate developer DLF that will build two projects in the Indian capital New Delhi, the two firms said in a joint statement.

The day-long nationwide strike called by 10 central trade unions crippled iron ore production of state-owned NMDC by nearly 75,000 tonnes across all its mines, a senior official of the PSU said.

WABCO inaugurated a new software engineering and business centre in Chennai. 

The government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom. 

HCL Technologies has won a contract to transform the operations of UK football club Manchester United, a deal that will see the Indian IT player create an innovation lab in the iconic Old Trafford Stadium.

In its bid to rescue Vedanta's alumina refinery at Lanjigarh, the Odisha government has asked Odisha Mining Corporation (OMC) to start mining from Karlapat mines at the earliest.

Nigeria-based telecommunications infrastructure group IHS Holding Ltd has completed sale and lease back of telecom towers in Zambia from Bharti Airtel.

Maruti Suzuki India plans to launch its first ever light commercial vehicle (LCV) during the ongoing financial year despite declining sales in the segment.

Mahindra & Mahindra is working to expand presence of Peugeot Motocycles, in which it had acquired a majority stake, beyond Europe by entering markets like North Africa and Vietnam.

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