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Morning News Snapshot

Morning News Snapshot

*Maharashtra issues permits for 3-wheeler manufacturers.

*Moily defends move to seek extension for ONGC chief.

*Final decision on IOC,BHEL disinvestment today.

*Infosys to create a seperate subsidary for its products,platforms and solution  business.

*TECHM in pact to acquire BASF software services biz.

*Hero Motors launches Turkey partnership.

*RIL accuses ONGC of not sharing data on KG Basin.

*Reliance frustrated by lack of clarity in D6 gas price.

*Oil Min insist Reliance alone is eligible for higher gas price since other are   not party to arbitration.

*Wipro in 10-year deal with Carillion.

*M&M to steer Bhutan’s electric mobility.

*Bharti Airtel expects only 5-6 telcos after consolidation.

*Loop in kitty, Airtel’s not looking for more acquisitions in India, says CEO.

*Ranbaxy & JP Associate out of Nifty from March.

*Tatas to set up JLR plant in Saudi Arabia.

*Bosch plans $ 9 mn capex.

*BPCL raises $ 200mn via offshore bonds.

*NTPC seeks coal-based power assets.

*CERC order positive for Tata Power.

*Despite CERC order, TATA Power’s Mundra plant will lose $ 17 mn a year.

*Tata Power to sell 30% stake in Indonesian firm for $ 120mn.

*FTIL likely to rope in strategic partner, divest MCX stake.

*Renuka Sugar rights issue at INR 16 a share.

*Ramco Sysytems inks MoU with turbomeca.

*Hinduja venture will invest $ 5 mn in its subsidary Indusind media and communications.

*Ramky Infra to offload three road assets to cut its debt.

*AP court issues conditional order in IVRCL case.

*Lanco Infra gets $ 59 mn order from Ennore project.

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