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Maruti Suzuki resumes production at Manesar unit and other corporate news

Maruti Suzuki resumes production at Manesar unit and other corporate news

Amara Raja Batteries has drawn up plans to increase its batteries’ manufacturing capacity for supply to two and four wheelers, both original equipment manufacturers and after-market. (BL)

Maruti Suzuki resumed production at its Manesar unit and is working at more than 90% capacity to make up for the loss. (BL)

Kerala government has promised all support to Kochi Port in resolving the pipeline issues of the Petronet LNG Terminal. (BL)

Coal India auctioned 1.04mtpa of linkages to sponge iron companies for Rs1bn. This supply deal will be for five years. (BL)

Ajanta Pharma announced the launch of anti-dementia Memantine Hydrochloride tablets in the US market. (BL)

IVRCL has allotted 0.65mn shares to Bank of Nova Scotia as part of a strategic debt restructuring (SDR). (BS)

Bharti Airtel and Singapore Telecommunications (Singtel) have combined resources into one network to form one of the largest Internet Protocol Virtual Private Networks (IP VPN) globally to deliver high-speed, secure data network coverage to enterprise customers in Asia-Pacific, the Middle East, Africa, Europe and the US. (ET)

Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over USD1bn separate bids to acquire a 40% stake in DLF's commercial property unit that owns rent-yielding assets. (ET)

Suven Life Sciences was granted one product patent from Canada and one product patent from Hong Kong corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases and were valid through 2032 and 2030 respectively. (BS)

BHEL has commissioned another 195MW unit at Muzaffarpur thermal power station in Bihar. (ET)

Bharti Infratel will buy back 47mn shares for Rs425 each in a deal valued at Rs20bn, in a bid to return surplus funds back to shareholders. (BS)

A court has ordered initiation of proceedings against Unitech Ltd and its top bosses in a case of alleged cheating lodged by an investor for not giving him possession of a flat booked in 2006 in Greater Noida. (ET)

HSBC, offloaded over 2.6mn shares of Reliance Infrastructure for an estimated Rs1.44bn through an open market transaction.

Punjab National Bank (PNB), declared a list of 913 wilful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs114.86bn. (BS)

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