Mumbai-based Jyothy Laboratories has acquired a 14.9% stake in Henkel India from Tamil Nadu Petro Products for Rs 60.73 crore in an all-cash deal.
Chennai-based Ashok Leyland Defence Systems (ALDS) has entered into a tie up with Krauss-Maffei Wegmann (KMW) GmbH and Co KG, Germany, to co-operate in developing advanced defence systems for Indian defence establishment as well as other defence forces worldwide.
Hero Honda has set aside a kitty of Rs 100 crore to create a new brand identity that will lead to a new company name and corporate logo to be etched on every bike and scooter it sells in the Indian market. The promoter of Hero Honda, Hero Investments (HIPL) has pledged further shares of the company to IL&FS Trust Company, raising an estimated Rs 200 crore.
The country’s third largest two-wheeler manufacturer, TVS Motors, is mulling a low-priced motorcycle to shore up volumes in the Indian market. The product, when introduced, would be the cheapest motorcycle in the country.
SKS Microfinance will raise additional funds from banks, a move likely to help it tide over liquidity shortage.
FMCG giant Procter and Gamble (P&G) is reducing the price of its sanitary napkins and baby diapers by up to 15 per cent as a result of the excise duty cut announced during the recent Union Budget.
FMCG major, Nestle India will not only be undertaking selective price hikes but will also be reducing the weight for its chocolate products in order to combat rising raw material costs.
Retail chain Shoppers Stop may increase prices of its products by 6-7 per cent from April this year in order to offset the 10 per cent excise duty imposed on branded apparel in the Budget 2011-12.
As per the government - Idea Cellular, Etisalat and state-owned BSNL subscribers are facing the problem of frequent call drops and they are not meeting the TRAI benchmark regarding it.
State-run Coal India (CIL) is negotiating 10-year contracts with overseas suppliers in an attempt to insulate Indian consumers from any volatility in global coal prices.
Hindustan Zinc (HZL), the world's largest integrated producer of zinc, has paid Rs 995 crore as advance tax in the current fiscal year, which is 35% higher than that last year.
The drug price regulator has allowed local pharma companies Wockhardt and Biocon to increase prices of their insulin brands due to rising input costs.
Kolkata-based consumer goods firm Emami has appointed Indian cricketer Mahendra Singh Dhoni as the brand ambassador for its digestive tonic -- Zandu Pancharishta.
Tata Group's hospitality firm Indian Hotels Company subsidiary Roots Corporation will sell a minority stake to the Singapore based Omega TC Holdings for Rs 150 crore.
Kingfisher and Paramount are defaulting airlines in payment to the Airports Authority of India for services including landing charges, parking and housing charges and licence fees for space/land allotments.
Delhi-based real estate company, Parsvnath Developers is close to selling stake in its Parsvnath City project in Sonepat for Rs 100 - 150 cr.
IT Solutions provider, 3i Infotech is all set to sell its US subsidiary, Regulus for $100 million. The deal is expected to be closed within the next 3 months.
The country’s largest fast moving consumer goods (FMCG) company, Hindustan Unilever (HUL), is using ‘out-of-home’ aggressively to grow its foods business. Out-of-home here means initiatives undertaken beyond just selling products.
Nine bidders, including JSW Energy-Leighton Contractors and GVK-Samsung consortia, are in the race to develop the Rs 3,000-crore Tadadi port project in Karnataka.
Country's largest lender State Bank of India (SBI) has raised Rs 5,496.9 crore from retail bonds to fund its expansion plans. State Bank Of India had accorded approval for raising Tier II Capital for an aggregate amount of Rs. 10,000 crore.
German multinational Siemens has set-up a financial services arm Siemens Financial Services (SFSPL) in India.
The world's seventh-largest steelmaker - Tata Steel has decided to raise money by selling Rs 1,500 crore ($332 million) of perpetual bonds. The Tier-I bonds carry a coupon of 11.8 per cent payable semi annually.
Telecom service provider Reliance Communications has partnered with mobile solutions provider TELibrahma to deliver video updates and replays from the ICC World Cup Cricket matches on mobiles for all cricket lovers.
ARSS Infrastructure Projects has signed the concession agreement with Commerce and Transport Dept, Government of Orissa for development of modern bus terminal at Baramunda in Bhubaneswar through Public Private Partnership (PPP) mode.
Educomp Solutions’ ICT division has bagged two multimedia content development projects totaling Rs 6.81 crore from the Government of Gujarat and Assam.
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