Corporate Snippets
² Mahindra & Mahindra, has decided to acquire the European two-wheeler subsidiary company of Mahindra Two Wheelers for EUR26.3mn (about Rs1.97bn). (BS)
² Reliance Power will double the capacity of its Rosa power plant in Uttar Pradesh to 2400MW and Butibori power plant in Maharashtra to 1200MW. (ET)
² Hindustan Copper is expected to shortly seek Cabinet approval to invest Rs22bn in a new project to extract copper using a technology that is being tried out on a commercial scale for the first time globally. (ET)
² Steel Authority of India Limited (SAIL) has called for a re-tender for developing and operating Rowghat iron ore in Chhattisgarh. (BS)
² Bharti Airtel launched international roaming (IR) packs offering free incoming calls, free calling minutes and texts to India to customers travelling abroad. The roaming packs also come bundled with data. (BS)
² Ahluwalia Contracts (India) has bagged order worth Rs1.51bn from Bharat Electronics. (BS)
² Infosys Ltd unveiled a mobile first and modular platform to drive e-commerce programmes across retail channels. (BS)
² Delta Corp is in exploratory talks to buy out a rummy website ace2three.com for approximately USD80-100mn. (ET)
² The Cabinet gave its nod to a consortium of IOC, Oil India and BPCL buying stakes in two Russian oilfields for a total of USD3.14bn. (BS)
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