Stocks in News : Reliance, SAIL, TATA, ONGC

Reliance looks for rapid retail expansion
By 2010/11 we will be in 784 cities and towns in urban India, and in 6,000-plus rural locations," Raghu Pillai, president of Reliance Retail Ltd, said in an interview at the opening of a store in the southern city of Hyderabad, the capital of Andhra Pradesh. Cash-rich Reliance Industries, India's top petrochemical maker, is investing around $5.6 billion in setting up a nationwide retail chain of hypermarkets, supermarkets, discount stores, department stores, convenience and specialty stores. Read More

Also read Reliance eyes pan-India retail footprint in 5 years

SAIL's corporate plan could shoot up by Rs 8,000 cr
SAIL's Corporate Plan envisages expenditure worth Rs 37,000 crore, which is likely to shoot up to Rs 45,000 crore. The Plan envisages upgradation of all steel plants of the steel giant to meet India's growing demand for steel. Read More

Tata Tea plans green revolution for Tetley, Gold
Tata Tea has firmed up a slew of packet tea launches under its Tetley and Tata Tea brands to maintain 10% growth in its branded tea business in ’06-07. For starters, it will launch green tea under the Tetley banner and premium Darjeeling under the Tata Gold brand. Read More

UB Grp arm, Russian vodka maker ink deal
Through this alliance, the United Spirits will introduce Russian vodka brands manufactured and supplied by Russian Standard in India. While the Russian company, which has a broad distribution network in Russia and other CIS markets, will market the premium whiskey brands of United Spirits in Russia Read More

Hindustan Dorr-Oliver gains on new order win
Hindustan Dorr-Oliver (HDO) rose 3.62% to Rs 123, after reports that it along with China Aluminium International Engineering Corporation has jointly bagged an order from Vedanta Alumina for Rs 200 crore. Read More

ONGC may rope in Hindujas for oil hunt
After tying up with steel tycoon Lakshmi N Mittal, Oil and Natural Gas Corporation (ONGC) is roping in the diversified, multi-billion dollar Hinduja group for acquiring oilfields abroad and sourcing liquefied natural gas. Read More

Info Edge IPO sold 50 times
The initial public offer (IPO) of Info Edge India Ltd, the first Indian dotcom to go public on domestic bourses, received an overwhelming response from investors with the IPO getting oversubscribed by more than 50 times. Read More

Reliance Capital to acquire Travelmate Services
The acquisition would mark its foray into the fast growing forex changing and money transfer business. Travelmate is a unit of the Kuoni Group with 36 offices, 2,900 agents and 91 employees across the country. Read More