Corporate Highlights

• Carborundum Universal mulling demerger of China JV ops

• Berger Paints says that the company is going to invest Rs 100 crore in New South India unit.

• Wipro BPO Head says company pursuing 6 plus deals of $ 45 Mn each

• MCA say L&T will need CLB nod for stake sale in Mahindra-Satyam. L&T has not moved CLB on stake sale in Mahindra-Satyam. L&T's stake sale in Mahindra-Satyam is legally unviable.

• India Ltd (OIL), the nation's second-largest state-run explorer, will hit the market with an initial public offering (IPO) on September 7.The offer will be open from September 7 to 11. The price bandfor the IPO is likely to be fixed on August 25