{LONGTERMINVESTORS} Corporate Snippets ² Essar announced sale of its 1.25 million square feet Equinox Business Park at Bandra-Kurla Complex (BKC) in Mumbai to realty firm RMZ Corp for about Rs 24bn (ET) ² Demanding CENVAT exemption for 5-star and inverter ACs in the Union Budget, a top official of air-conditioner maker Blue Star said such a move by the Union Finance Ministry will help people shift to eco-friendly ACs. (ET) ² Suzlon Group said its wholly-owned subsidiary, SE Forge Ltd ( SEFL), has exited the Corporate Debt Restructuring plan. (ET) ² NALCO has worked out a new corporate plan and business model that will ensure profit through diversification, cost cutting and other means in a bid to withstand market onslaughts and slump cycle, company CMD Tapan Kumar Chand said. (ET) ² Future Group opened its 217th Big Bazaar outlet. (ET) ² India's top multinational IT company Tata Consultancy Services has been rated as the world's most powerful brand in Information Technology Services by a leading global

Corporate Snippets

 

²  Essar announced sale of its 1.25 million square feet Equinox Business Park at Bandra-Kurla Complex (BKC) in Mumbai to realty firm RMZ Corp for about Rs 24bn (ET)

²  Demanding CENVAT exemption for 5-star and inverter ACs in the Union Budget, a top official of air-conditioner maker Blue Star said such a move by the Union Finance Ministry will help people shift to eco-friendly ACs. (ET)

²  Suzlon Group said its wholly-owned subsidiary, SE Forge Ltd ( SEFL), has exited the Corporate Debt Restructuring plan. (ET)

²  NALCO has worked out a new corporate plan and business model that will ensure profit through diversification, cost cutting and other means in a bid to withstand market onslaughts and slump cycle, company CMD Tapan Kumar Chand said. (ET)

²  Future Group opened its 217th Big Bazaar outlet. (ET)

²  India's top multinational IT company Tata Consultancy Services has been rated as the world's most powerful brand in Information Technology Services by a leading global brand valuation firm, the company said. (ET)

²  Colgate-Palmolive (India) Limited has inaugurated its first ever toothbrush production unit of India in Sri City. The plant was set up with an initial capacity to produce 220 million pieces of tooth brushes a year, at an investment of Rs 4.5bn. (BS)

²  Hindustan Unilever (HUL) is all set to enter the spices and seasoning mixes segment under the Knorr brand. (BL)

²  Global software major Wipro Ltd will hire 25,000 more techies in Karnataka, especially Bengaluru, its chairman Azim Premji said. (BS)

²  Ashok Leyland plans to set up two assembly plants in Africa besides doubling capacity at its Ras al-Khaimah facility in the UAE this year as part of its global expansion. (BL)

²  Aurobindo Pharma Ltd has received approval from the US Food and Drug Administration (USFDA) to manufacture and market Isosulfan Blue injection. (BL)

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CA Mihir Desai

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