Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.
Rosneft has signed a series of documents on selling stakes in Russian oil fields to Indian firms. Under the agreements, ONGC will increase its stake in Rosneft's Vankor project to 26% while Oil India, Indian Oil and Bharat Petroresources will buy up to 23.9% between them in the same field, if the deals are finalized.
Union Coal Ministry has granted permission to Sasan Power Limited, wholly-owned subsidiary of Reliance Power, to produce coal up to 17.20mtpa from 16mtpa earlier from its Moher & Moher Amlohri extension coal mines during FY16.
Idea Cellular launched 4G services across 28 towns in its leadership market of Maharashtra & Goa, expanding its high-speed mobile broadband LTE coverage to 10 circles. At present, Idea's 4G foot-print encompasses over 300 towns, and the company plans to target over 750 by June.
Reliance Infrastructure Ltd announced the demerger of certain power generation and supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a consideration of Rs63bn.
Royal Enfield commercially launched the Himalayan bike at Rs155,545 (ex-showroom, Mumbai). The Himalayan, designed to ride on rugged terrain, would be the most affordable bike in its class.
Tata Motors will supply 25 hybrid electric busses to the Mumbai Metropolitan Region Development Authority. The contract to supply Tata Starbus Diesel Series Hybrid Electric Bus with full low floor configuration is the single largest order awarded for hybrid electric vehicle technology.
Cipla has made an additional investment of $3 million in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer's disease. In May 2014, Cipla had invested $1.5 million to acquire 14.6% stake in Chase Pharmaceuticals.
TVS Motors has entered a pact with online marketplace Snapdeal to retail its products. Nine two-wheeler products from TVS Motor Company will be available on snapdeal.com.
VST Tillers Tractors Ltd has announced that it has signed MoU with Karnataka Government.
Den Networks is planning to sell 50% stake in Star Den for Rs.40.3 Crore, as per media report.
Union Coal Ministry has granted permission to Sasan Power Limited, wholly-owned subsidiary of Reliance Power, to produce coal up to 17.20mtpa from 16mtpa earlier from its Moher & Moher Amlohri extension coal mines during FY16.
Idea Cellular launched 4G services across 28 towns in its leadership market of Maharashtra & Goa, expanding its high-speed mobile broadband LTE coverage to 10 circles. At present, Idea's 4G foot-print encompasses over 300 towns, and the company plans to target over 750 by June.
Reliance Infrastructure Ltd announced the demerger of certain power generation and supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a consideration of Rs63bn.
Royal Enfield commercially launched the Himalayan bike at Rs155,545 (ex-showroom, Mumbai). The Himalayan, designed to ride on rugged terrain, would be the most affordable bike in its class.
Tata Motors will supply 25 hybrid electric busses to the Mumbai Metropolitan Region Development Authority. The contract to supply Tata Starbus Diesel Series Hybrid Electric Bus with full low floor configuration is the single largest order awarded for hybrid electric vehicle technology.
Cipla has made an additional investment of $3 million in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer's disease. In May 2014, Cipla had invested $1.5 million to acquire 14.6% stake in Chase Pharmaceuticals.
TVS Motors has entered a pact with online marketplace Snapdeal to retail its products. Nine two-wheeler products from TVS Motor Company will be available on snapdeal.com.
VST Tillers Tractors Ltd has announced that it has signed MoU with Karnataka Government.
Den Networks is planning to sell 50% stake in Star Den for Rs.40.3 Crore, as per media report.
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