Thursday, September 24, 2009

Corporate News

􀂄 Tata Consultancy Services (TCS) has won the country's
largest State Wide Area Network (SWAN) project from the
government of Andhra Pradesh on a five year Build, Own,
Operate, and Transfer (BOOT) model. - BS

􀂄 Tata Power stated that it would commission 1,600 MW
capacity of its 4,000 MW Mundra project in Gujarat during
the current XIth Five Year Plan (2007-12). - BS

􀂄 Venus Remedies announced that it has signed an outlicensing
deal with a Korean firm for selling Sulbactomax
drug, used in the treatment of pre or post-surgical infection
and also for respiratory infections, in South Korea. - BS

􀂄 Tata Motors has entered into an understanding with the
Union Bank of India (UBI) to provide an added facility to Tata
Motors' dealers for funding of their purchases of the
company's cars and utility vehicles. - BS

􀂄 Opto Circuits (India) Ltd (OCI) has announced that its whollyowned
US-based subsidiary, Criticare Systems Inc (CSI),
has signed a long term supply agreement with a European
manufacturer and distributor of medical equipment. - BS
􀂄 Oil and Natural Gas Corp (ONGC) stated that crude oil
production at Imperial Energy, the Russia-focused firm it
acquired last year, has nearly doubled to 11,500 barrels per day.-BS

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