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Since 1st March, 1999
 
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Business Briefs

Wipro sells brand

Bangalore, Dec. 10: Cargill has signed an agreement with Wipro to acquire the latterís flagship brand Sunflower Vanaspati. The scope of the acquisition is limited to the product brand only. The acquisition strengthens Cargillís existing portfolio of leading edible oil and vanaspati brands and also expands its market in Indiaís palm oil and its derivatives.

NTPC-CIL deal

Calcutta, Dec. 10: Power generator NTPC and coal producer CIL today appeared to have ironed out differences over the fuel supply agreement and said the pact would be signed in a monthís time.

Bharti Infratel

New Delhi, Dec. 10: Bharti Airtelís tower business unit Bharti Infratel has received Rs 651.7 crore from 18 anchor investors, including Morgan Stanley and Sundaram MF, ahead of the Rs 4,500-crore public offer which opens tomorrow.

Bombardier

Mumbai, Dec. 10: VistaJet, the exclusive operator of Bombardier business aircraft, has signed a deal for up to 142 Global business jets, which includes orders for 56 Global jets and options for a further 86 Global jets at a 2012 US list price value of more than $7.8 billion if all options are exercised.

Direct tax

New Delhi, Dec. 10: Net direct tax collection grew 15.04 per cent to Rs 2,70,731 crore during April-November period.


 
 
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