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Business Briefs 06-11-2013

Small car plan Airtel buy Videocon find Gold margin

The Telegraph Online Published 06.11.13, 12:00 AM

Small car plan

New Delhi, Nov. 5: Franco-Japanese auto alliance Renault-Nissan and Japan’s Mitsubishi Motors Corp plan to partner in future product development programmes, including that of a new small car. The companies said their joint intention was to explore several new projects covering shared products, technologies and manufacturing capacity among the auto makers.

Airtel buy

New Delhi, Nov. 5: Bharti Airtel has entered into a definitive agreement with Warid Group to acquire its Congo operations. The acquisition will make Airtel the largest mobile operator in the Republic of Congo with around 2.6 million customers, the company said in a statement.

Videocon find

New Delhi, Nov. 5: Videocon Industries today said a well drilled to confirm an oil discovery in its Brazilian offshore block had struck 200 feet of high-quality hydrocarbon zone.

Gold margin

New Delhi, Nov. 5: Commodity market regulator FMC today removed an additional 5 per cent margin on the future contracts of gold and silver because of less volatility in prices of these commodities.


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