~
Corporate News
TVS Motor announced that it may venture into the above 200
cc segment in the bikes market as the company looks to
increase its footprint in two-wheeler business. - BS
Zee Entertainment Enterprises stated that it would hold a
meeting of its board this week to discuss a proposal for
restructuring the businesses of ETC Networks. - BS
Resolving the issue of fuel supply guarantee to upcoming
gas-based power projects, Oil Ministry has asked state-run
GAIL India to extend 'comfort letters' assuring gas supplies
so that the developers can raise finances. - BS
After developing the electric version of its flagship passenger
car Indica, country's largest auto maker Tata Motors is now
working on hybrid city buses aimed at providing eco-friendly
transportation solutions for Indian cities. - BS
BHEL announced that it has bagged another Rs 640-crore
order from Adhunik Power and Natural Resources for
supplying equipment for the company's thermal power
project in Jharkhand. - BS
Ranbaxy Laboratories, announced that it would launch
Olmesartan Medoxomil, an anti-hypertensive drug from
parent company Daiichi Sankyo's portfolio, in six African
countries. - BS
L&T Infotech, announced a strategic partnership with
Savvion to provide Business Process Management (BPM)
solutions. - BS
Macro Economic News
Indian firms paid 24 per cent more in advance tax for the
October-December quarter year-on-year, suggesting higher
profit growth as economic recovery picked up pace.
Global Cues
Japan’s exports fell at the slowest pace in 14 months in
November as demand from Asia supported the nation’s
recovery from its worst postwar recession.Shipments
abroad slid 6.2 percent from a year earlier, the smallest
drop since September 2008 - Bloomberg
~~R`money
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