Biz Briefs

Cairn India has produced and sold one million million barrels of oil from its Mangala oil field in Rajasthan, the nation’s most prolific on-land field.

Shriram EPC on Monday said it has inked an agreement with China-based North West Electric Power Design Institute to execute thermal power projects in India.

Reliance Brands, a part of Reliance Retail, said it has joined hands with US-based Timberland to distribute the latter's footwear and apparel in the country.

Pharmaceutical firm Suven Life Sciences said that the European Patent Office (EPO) has issued three patents to its chemical entities which are used in treating nerve disorders.

British sportswear brand Admiral said it plans to venture into exclusive retailing in India by next year as it targets revenues of Rs 200 crore from the market by 2012.

Tata Steel on Monday said 4,40,882 pledged shares of the firm that were pledged by another
group company Tata Motors have been revoked.