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Market News - HOT FROM THE PRESS

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Submitted by insight95in on December 24, 2009 - 12:09

Market News - HOT FROM THE PRESS

* RCOM : plans to scale up its wireless and enterprise business with an invt
 of over Rs63bn, under a plan internally branded as 'Edge 2010'

* MARUTI : co expects its sales for current financial year to rise 20%

* HANUNG TOYS : bags an export order to sell home furnishings worth $60mn

* MCLEOD RUSSELL : signs a deal with UK firm to acquire six tea estates in
 Uganda, with a capacity of 15mn Kg a year, for $30mn ?

* GTL INFRA : to buy Aircell's cell towers for Rs40bn in an all-cash deal

* SHRIRAM TRANSPORT FIN : to acquire the assets of General Electric's (GE)
 transport finance biz in India for Rs12bn

* JSW STEEL : abandons its plans to raise funds thru QIP route to repay debt

* INDOCO REMEDIES : is strengthening its position in the CRAMs segment globally
 by signing four new deals in a number of countries incl the US & Europe.. one
 out-licencing deal with a new US-based partner firm will be signed next month

»

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