Following are the major headlines
- Hero Motocorp ‘realigns’ its product portfolio weeds out low selling, old tech bikes & scooter variants
- Indian Oil, HP, BP lose market share to Reliance, Essar, Shell
- Cairn approaches international panel for injunction against I-T department
- Coal India to shut 37 mines this fiscal year – sources
- Hester Biosciences gets board nod to set up $3 million animal vaccine plant in Africa
- DCB Bank to raise Rs450 crore via bonds
- Pidilite subsidiary inks pact to sell Cyclo biz to US firm
- France’s Dassault to bring in largest defence FDI via Rafale JV with Reliance Defence
- Govt to consider tax sops for telecom companies.
- ZEEL buys balance 49% in India Webportal for Rs197 cr
- MCL records highest net profit among all CIL subsidiaries
- Equity MF investments hit 2-year high of Rs. 10,790 cr in May
- Moody’s says banks need Rs95,000 crore capital infusion as bad loan crisis deepens
- Electricity generation growth in May highest in many years
- Merger of HDFC Standard Life Insurance and Max Life fails to get IRDA approval
- Infosys founders looking to sell their stake in company. Move said to be triggered by the promoters’ unhappiness over manner in which the company has been run since their exit three years ago.
- Sunteck Realty to split shares. The split is aimed at making the shares affordable to smaller investors.
- Greenply Industries says Greenply Gabon SA commenced commercial production of ‘Veneer‘, at its manufacturing unit at Nkok SEZ, Gabon, West Africa
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