Monday, 11 May 2015

NEWS WRAP - MAY 11, 2015

  • India's largest blast furnace plant inaugurated at Burnpur by Prime Minister Narendra Modi.
  • Rs 1020 crore raised by Bandhan Finance Services from International Finance Corporation, Singapore's GIC and SIDBI (Small Industries Development Bank of India).
  • Vigilance arm of Department of Telecom condemned by CAG for inaction against violators. 
  • Bengaluru based Unicel Technologies acquired by US mobile messaging service provider mGage in an all cash deal worth Rs 80-100 crore.
  • Fire reported at the Medak manufacturing unit of Khaitan Fan.
  • Power Generation in KNPP's first unit suspended on account of technical snag.
Source: Economic Times 

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