Following are the important reports carried by leading financial dailies and post market business news:
Business Standard
GAIL ends LNG pipeline contract in Tamil Nadu
In the wake of a stir by farmers in seven districts of Tamil Nadu against construction of the Rs 34 -billion Kochi-Mangalore liquefied natural gas pipeline on their lands, GAIL India has decided to cancel the contract awarded to build it in the state. The state government supports the farmers stir; the matter is currently before the Supreme Court.
Hero forms joint venture in Bangladesh
Hero MotoCorp, India's largest two-wheeler maker, has finalised a joint venture with Bangladesh-based Nitol Niloy Group to retail about a dozen two-wheeler brands in that country. Through the joint venture, Hero will set up its first manufacturing plant abroad. It is likely the facility will be operational in the second half of 2015-16. Hero holds 55% stake in the joint venture. It inaugurated its first showroom in Dhaka on Monday.
Business Line
Microsoft ties up with HP, Pearson to launch tablet for college-goers
IT major Microsoft has partnered with HP and Pearson to launch a tablet for higher educational students in the engineering and management streams. The companies will jointly launch the Windows 8.1 powered 10.1 inch Hewlett-Packard (HP) Omni10 tablet with embedded content from Pearson and Microsoft Office in the higher education space.
GSK slashes price of Crocin tablets
GlaxoSmithKline Asia has slashed the price of fever and pain-relief pill Crocin Advance tablets across the country by around 50% in order to conform to the price notified under DPCO, 2013.
Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
