Larsen & Toubro and Kobe Steel enters into a JV
L&T and Kobe Steel, Japan have entered into a JV for manufacture of internal mixers and twin screw roller head extruders for the tyre & rubber industry for global markets, including India. The JV will invest around Rs 60 crore for setting up of a manufacturing facility and related infrastructure. (Source: Capital Line)
Bharti Airtel to launch 3G services within a week
Bharti Airtel will commercially launch 3G mobile services within a week. Bharti had won spectrum (radio waves) for 3G services in 13 of the country's 22 telecom service areas in the auction held by the Government last year. (Source: Business Standard)
ONGC FPO likely to hit market on March 15
The Rs 13,000 crore public offering of ONGC is likely to hit the market on March 15. A tentative schedule has been drawn for the FPO and the public offer will hit the market on March 15. ONGC will file the red herring prospectus for the FPO by February 25. (Source: Business Standard)
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