It’s Time for DUCK (Developing ur Corporate Knowledge)
Major Corporate Headlines from 4th Jan to 16th Jan 2013
Agreements & Acquisitions:
? YES Bank in talks to acquire retail business of Royal Bank of Scotland
? Axis appoints Citigroup, JP Morgan to arrange Rs 6,000 crore stake sale
? Hindusthan National Glass to sell 42% stake in subsidiary to Turkish firm
? Japanese giant Uniqlo set to partner Arvind in India JV for $1-billion business
? Crompton to buy Karma Industries’ fluorescent lamp business for Rs 14.5 crore
? Hitachi consortium inks sea-water desalination project with Dahej SEZ in Gujarat
? Mahindra EPC and PR Fonroche to set up 2 solar power plants of total capacity 20 MW in Rajasthan
? GVK Biosciences inked a pact with US-based Onconova Therapeutics to develop new drugs for cancer
? Tata Housing signs MoU with Gujarat govt to invest Rs 3,500 cr to build affordable homes at Ahmedabad
? Tecpro Systems bags Damodar Valley Corporation order worth Rs 146.6 cr for Coal Handling Plant package
? Mahindra & Mahindra to invest $900 million to develop platforms & engines with Korean Ssangyong Motor
? Indian Overseas Bank signs MoU with Deutsche Bank for using its cross-currency payment solution FX4Cash
? Fortis appoints Morgan Stanley, Standard Chartered Bank and Religare Capital Markets to raise $200 million
? Gujarat govt signs MoUs with Confederation of Indian Industry (CII) to promote innovation in industrial
applications
? Alcatel- Lucent wins 8-yr, $1 bn-plus contract from Reliance Comm for enhancing its telecom network in
Eastern and Southern India
New Appointments & Nominations:
? K K Gupta took over as IGL Chairman
? R Shankar appointed as CEO of TVS Logistics
? Bharti Infratel appoints Sunil Khurana as COO
? Motilal Oswal AMC appoints Aashish Somaiyaa as CEO
? Reliance Life Insurance appoints Anup Rau as new CEO
? Aamir Khan to become Chhattisgarh's brand ambassador
? Former LIC chairman TS Vijayan likely to comeback as IRDA Chief
? Oberoi Group appointed Kapil Chopra as Group President for India
? MasterCard Worldwide appointed Ari Sarker as India Country Head
? Ex PepsiCo boss Varun Berry to join Britannia as Chief Operating Officer
? Coal India Limited is in competing with Goldman Sachs and Shell for the Worst company in the world award.
New Products:
? Audi launches new Q5 SUV at Rs 43.16 lakh in India
? Fiat to open 100 dealerships across India by the end of 2013
? Maruti launches refreshed Wagon R, price starts at Rs 3.58 lakh
? Toyota launches Fortuner with 5-speed automatic transmission at Rs 22.33 lakh
? Mahindra unveiled two new motorcycles in 110 cc segment - Centuro and Pantero
? Bajaj Auto launched another 100 cc motorcycle Discover 100 Tourer priced at Rs 50,500
? Eveready introduces new age portable power products for charging smartphones & tablets
? HUL and Nestle plan to launch oats under Knorr and Maggi brands to capture Rs 200-crore oats market.
Miscellaneous:
? Hindustan Motors to demerge its Chennai car plant
? LIC housing plans to take ECB route to raise 1k crore
? Hyundai to hike car prices from Feb 1 by up to Rs 20,000
? Petronet to commission Rs 4,200-cr LNG terminal by March-end
? Future Group to buy minority stake in footwear company Tresmode
? Mahindra to start exporting XUV5OO to Latin America by September
? New airline dedicated to North-East to operate from Shillong by April
? GAIL India commissions 5 million tonnes a year LNG terminal at Dabhol
? INOX Leisure makes entry into Odisha with launch of its first multiplex in Bhubaneswar
? PepsiCo consolidates all its company-owned bottling plants under two market units to improve efficiency
Investments:
? Apollo Tyres opens global R&D centre at Netherlands
? Carlson Rezidor to open 13 new hotels in India this year
? Power Grid to invest Rs 182.80 cr for project in Tamil Nadu
? French cosmetics giant L’Oreal SA plans to invest Rs 970 crore in India
? Essar to invest Rs 14,000 crore in Gujarat's port sector, water projects
? Nagarjuna Fertilizers to set up 1.3 million tonnes urea plant at Kakinada in Andhra Pradesh
? Global development institution IFC plans USD 25 million equity investment in ‘India 2020’ Fund
Thank You!