Stocks News
- An unknown Mauritius based entity has picked up a 17% stake in BPL Mobile, a cellular services player with operations in Mumbai. (ET)
- The Tata group is close to diluting its stake in Tata Teleservices for around Rs 5000 cr. The interested parties are France Telecom and NTT DOCOMO. (ET).
- Norway;s Telecom firm Telenor is within striking distance of picking a 26% stake in Unitech’s telecom arm for a consideration of around USD 500 mn. (ET)
- 3i infotech bags government deal for setting up 12000 IT kiosks across the country. (ET)
- Rico Auto expects to double exports of engine components to Rs 300 cr. in this fiscal. (BL)
- Vedanta Resources plans to invest USD 9.8 bn to increase its aluminium production capacity to 2.6 mn ton and emerge as the world’s fifth largest produced of metal by 2012. (BL)
- GVL Power and Infrastructure and Nuclear Power Corp of India plan to buy reactors and equipment from GE Co and Westinghouse Electric Co. (BS)
