Reliance Industries (RIL) and Reliance Natural Resources (RNRL) may see action as Supreme Court court hearing involving gas dispute between the Ambani brothers resumes today, 4 November 2009, after a break since last week.
Reliance Communication (RCom) launched a per-second billing plan on Tuesday, 3 November 2009. RCom will charge 1 paise per second for all local and national calls.
Mahindra Satyam will work with Swedish defence and aerospace firm Saab to develop applications and technology solutions in India for the defence and security market. Mahindra Satyam and Saab will jointly address the battlefield management system for the Indian army, it said in a statement. Financial details of the tie-up were not disclosed.
Tata Consultancy Services (TCS) and Wipro are reportedly looking to buy US retailer Target's captive technology centre in a deal that could be bundled with a long-term outsourcing contract worth $300-400 million. Target has about 1,500 staff at its Bangalore centre, working on software development and maintenance.
Jaiprakash Associates' cement shipments in October rose 41.3% from a year earlier to 0.816 million tonnes. The engineering and construction firm, which also has interests in hospitality and power, has capacity to produce 14.7 million tonnes of cement a year.
Ashok Leyland reported a jump of 56.99% in its commercial vehicle sales at 5,333 units in October 2009 over October 2008. Domestic sales spurted 66% at 4,934 units in October 2009 as against 2,976 units in the same month last year. Exports, however, fell 5.22% to 399 units in the month compared with 421 units in the year-ago period. The company reported an increase of 64.55% in its total domestic sales of medium and heavy commercial vehicles at 4,851 units from 2,948 units in the same month last year.
Religare Enterprises reportedly plans to launch a $500 million pan Asia fund for emerging economies.
The promoters of hospital chain Fortis Healthcare have reportedly been forced to invest Rs 280 crore in the just-concluded rights issue of the company due to weak retail response. This raises the promoter stake by nearly 8% to 76.4%.
The board of Bag Films approved raising up to $30 million from overseas markets. The firm may raise this money via either global depository receipts (GDR) or foreign currency convertible bonds (FCCB).
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