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The week that was
Week ended May 9, 2008

Mount Everest Mineral Water announced the launch of the Himalayan brand in its new, international and aspirational ‘avatar’ as the natural mineral water from the Himalayas in India.

TCS renewed its managed services contract with one of the world’s leading long haul airlines Virgin Atlantic.

Tata Steel joined hands with Vale, a leading Brazilian mining company, to invest over A$400 million in a large-scale expansion of the Carborough Downs coal mine near Moranbah in Queensland, Australia.

The company also raised Rs2,000 crore, including green shoe option, through a private placement of redeemable non-convertable rupee debuntures, as part of its long term financing plan.