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RIL tests peak output capacity of KG fields
Mukesh Ambani-run Reliance Industries (RIL) today said it has successfully tested the design capacity of its massive eastern offshore Krishna-Godavari basin D6 field production facilities.

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Etisalat DB inks Rs 750-cr BPO deals
Etisalat DB Telecom India, a new telecom operator, has signed deals worth Rs 750 crore ($150million) with three Business Process Outsourcing (BPO) service providers. The company said it had entered into five-year outsourcing agreements with Tech Mahindra, Aegis and Conflux. Etisalat DB Telecom India is a joint venture between Dubai-based Etisalat and India’s Dynamix Balwas Group. The company has a licence to operate in 15 telecom circles.

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Big Bazaar: Private label push
Big Bazaar, the hypermarket of Pantaloon Retail, has come out with a breakfast cereal range under its private label, Tasty Treat. Big Bazaar already sells noodles, pasta, vermicelli, soups, namkeens, chips, toast, khari, papads, jams, pickles, carbonated drinks, ketchup and fruit beverages under the brand. It has now added breakfast cereals to the range.
Management

Gulf Oil enters into agreement with Biocon to sell pharma biz

Hinduja Group company, Gulf Oil Corporation today said its subsidiary has entered into an agreement with Biocon to sell its Active Pharmaceuticals Ingredients (API) undertaking, for an undisclosed amount. - Ashok Leyland may hike commercial vehicle prices by April - ONGC-Hinduja JV loses Iran"s oilfield to China co - ONGC-Hinduja JV loses rights to dev Iran"s oilfield to China - Hinduja Grp to invest Rs 350 cr in capacity expansion - Gulf Oil & ENIL's Q1 result - Ashok Leyland"s Pantnagar plant to be ready by March next IDL Speciality Chemicals, subsidiary of the company has entered into a definitive agreement to sell API undertaking, Gulf Oil said in a filing to the Bombay Stock Exchange (BSE). The company however has not disclosed the financial details of the transaction. API is the basic raw material used in the manufacturing of medicines. The scrip of Biocon reacted positive and surged to hit 52-weeks high at Rs 266.60 on BSE and later was trading up 1.24 per cent at Rs 262.05. Similarly, the stock of Gulf Oil Corporation hit upper limit at Rs 83 on the BSE, up 5 per cent from its previous close.


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