IIFL: Corporate Front Page: Oct 7th
Corporate Front Page:
- According to Canada based Niko resources which hold 15% stake in K-G Basin D4 block ”the prospective gas reserve in Reliance Industries K-G basin D4 block could be significantly higher then previously estimated (BS)
- GAIL places Rs6.8bn orders for pipelines for laying a gas pipeline from Dabhol in Maharashtra to Bangalore. (BS)
- Maruti Suzuki plans to expand its service network to over 4,200 outlets from current 2,700 outlets across India. (ET)
- Cairn Energy to seek shareholders nod for the Cairn India Vedanta deal today. (ET)
- JSW Energy seeks lower rate for Rs33.8bn Ratnagiri project loan. (ET)
- Glenmark gets exclusive pain molecule worldwide licence by Lay Line Genomics. (BL)
- HCL Technologies sees US$300mn opportunity in new technology such as cloud computing. (ET)
- Oil marketing companies like BPCL and HPCL losses to rise on higher crude oil prices. (BS)
- Bank of India raises base rate by 50bps to 8.5%. (ET)
- IDBI targets Rs60bn small and micro enterprise (SME) loan in the current fiscal year. (BS)
- GVK Power and Infrastructure plans to raise US$300mn through share sale in the next few months. (BS)
- Shree Renuka Sugars has bagged an order to supply 118mn litre of ethanol to oil marketing companies in five states for a period of 1 year. (BL)
- Binani Cement promoters to buy public stake, de-list company. (ET)
- Oriental Bank of Commerce raises base rate by 50bps to 8.5%. (ET)
- Neyvelli Lignite plans 50MW wind project in Tirunelveli. (BL)
- Income Tax department raids Nagarjuna Construction offices. (BS)
- Parsvnath Developers raises Rs2.7bn through QIP. (BS)
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