News: Ø Reliance Communications (RCOM) and Tata Teleservices (TTSL) have joined hands under a 2G intracircle roaming arrangement. Under the agreement, RCOM will use 5,000 towers of TTSL across 14 GSM circles while the latter will gain access to an equal number of towers in RCOM’s CDMA network to improve its reach. Ø L&T to sell 1 percent stake in L&T Finance Holding to meet MPS. Ø After setting up a manufacturing base in China through a joint venture with Chery Automobile, Tata Motors-owned Jaguar Land Rover (JLR) is exploring setting up manufacturing plants in India, Brazil and Saudi Arabia. Ø Tata Power is developing a 28.8 MW photovoltaic-based solar project in Maharashtra. The power producer’s wholly-owned subsidiary Tata Power Renewable Energy is developing the plant in Satara district Ø The Competition Commission of India (CCI) has launched an investigation into anti-competitive practices allegedly followed by Gujarat Gas Company, turning its gaze on a public sector gas supplier for the first time. Ø Reliance Industries Limited (RIL) is gearing for the launch of fourth-generation (4G) service, with the capital allocated by the company towards telecom increasing by Rs 2,000 crore quarter-on-quarter Ø Zuari Fertiliser and Chemicals has shelved a proposed . 5,000-crore urea plant in Karnataka over land acquisition delays. Ø Indiabulls Housing Finance will be listed on the BSE and NSE on today. Following a reverse merger from Indiabulls Financial Services, which was announced on March 9, 2013, the new entity was created. Ø SEBI gives green signal to Fresenius Kabi for delisting. Delisting process must be completed in 3 months. Ø Bayer CropScience to buy back up to 28.7 lakh shares at Rs 1,580 per share. Ø Delhi High Court to continue hearing in Merck - Glenmark case today. Key Events for the day: Ø Board Meeting for Q1FY14 Results of: APPAPER, BLUEDART, CENTURYTEX, COROMANDEL, DHFL, GHCL, GREENPLY, INDIAINFO, KLGSYSTEL, KPIT, L&TFH, MAHINDFORG, SOMANYCERA, SRTRANSFIN, TATAELXSI, TATASPONGE Ø Release of Consumer Confidence in Euro Zone.
Posted on: Tue, 23 Jul 2013 05:53:25 +0000
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