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Buzzing Stocks
· Jindal Power, a unit of Jindal Steel & Power, plans to mop up `70bn via IPO in March-April.
· Mahindra Group has announced its new brand position, "Rise", to project a single umbrella for all its segments.
· JSW Steel plans to infuse `38bn in Ispat Industries over the next two to three years.
· Essar Oil has "re-engaged" in discussions to buy Royal Dutch Shell Plc's three European refineries, although refused to put a timeline for conclusion of the deal.
· REpower Systems, subsidiary of Suzlon Energy, has bagged a contract for supplying 150 wind turbines to Canada-based Saint-Laurent Energies.
· Tata Communications has entered into an outsourcing agreement with Cananda-based Videotron under which the later will route the entire international voice traffic though the Tata group firm's network.
· With increase in rubber prices, JK Tyre has decided to hike price of its products by 2-4%.
· Essar Oil plans a 35-day shutdown in May-June at its 280,000 bpd Vadinar refinery in western India to add new units for raising the plant's capacity to 360,000 bpd.
· Triveni Engineering has signed an agreement with US-based Lufkin Industries Inc to extend its licensing agreement by another 12 years.
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