Utility vehicle major Mahindra & Mahindra (M&M) plans to focus on developing the Ssangyong brand. M&M plans to give the highest priority to product development as the Korean SUV majors' pipeline of products is not very strong.
The National Pharmaceutical Pricing Authority (NPPA) has increased prices of 62 drugs, which are mainly based on indigenously manufactured insulin. The companies which would be affected by the price revision of drugs include Eli Lilly, Pfizer, Novartis, Sanofi Aventis, GSK, Biocon, Wockhardt, Lupin and Cipla
The National Pharmaceutical Pricing Authority (NPPA) today said it has increased prices of 62 drugs, which are mainly based on indigenously manufactured insulin
Tata Group's consumer durables firm, Voltas, plans to hike prices of its air-conditioners by another three per cent in April, the second this year, to offset the rise in metal prices it consumes.
Hindustan Petroleum Corporation (HPCL) will add new facilities at its Vizag refinery to convert low-value heavy oils into premium products, which will significantly increase refining margins.
In a bid to end fuel woes of power plants in Andhra Pradesh, state-owned gas utility GAIL India will supply gas to the electricity generating units by swaping Reliance Industries' KG-D6 gas with LNG imported.
Monnet Ispat is close to acquiring a coal mine in Sumatra, Indonesia. Acquisition of the coal mine may be completed by this week.
Bangalore-based biotechnogy firm Biocon's drug development partner Optimer has received US patent for drug Fidaxomicin. The drug is used to treat diarrhea and intestinal diseases.
Retail food chain company McDonald's India has joined hands with Indian Oil Corporation (IOC) to increase its presence in petrol stations in West and South and aims to more than double its sales by 2014 from both these regions.
Bharti Airtel is likely to buy yet-to-be-launched Indian wireless broadband business of Qualcomm. The US-based chip maker is set to be in an advanced stage of discussions with the country's largest telecom operator to sell its BWA licenses in all four circles.
Anil Ambani group firm Reliance Communications has drawn the first tranche of Rs 3,000 crore ($665 million) from China Development Bank.
Jubilant FoodWorks that operates Dominos Pizza chain in India plans to diversify into new areas, including operating hotels and other non-food segments such as garments and fashion accessories.
FMCG player Jyothy Laboratories is eyeing a controlling stake in Henkel India after acquiring 14.9 per cent stake in the company from Tamil Nadu Petro Products (TNPL).
Sundram Fasteners, part of the TVS group, will make its biggest capital investment in 2011-12 in an attempt to target the wind energy and automotive segments with new products.
The coal assets of one of Australia's largest thermal coal explorers - Bandanna Energy - in a deal could be valued at $1.5 billion. GVK, state-owned consortium ICVL and Reliance Power have shown early interest in bidding for the assets estimated to have reserves of over 1.3 billion tonnes of thermal coal.
ONGC India is expected to face a 'hard' market when it approaches international underwriters next week to renew its $28.5 billion insurance policy. ONGC is the holder of the biggest insurance policy in India.
IT hardware firm HCL Infosystems has bagged an order from the Indian Air Force to deploy Wideband CDMA-based portable wireless network at a cost of over Rs 300 crore.
Banks have committed to refinance nearly half of the Rs 9,500-crore debt on the books of Ispat Industries.
In its first open-market transaction in India, Blackstone, the global private equity major, has bought a two per cent share in India’s largest travel wear manufacturer, VIP Industries, which is valued at Rs 36-40 crore.
United Phosphorus (UPL), one of the leading agro chemical and seeds company in the country, has set the target of doubling its agro chemical business in India from the present Rs 900 crore to Rs 1,800 crores in the next three years time (by FY 2013-14).
Venus Remedies, an existing EU-GMP certified Pharmaceutical manufacturing company, has been awarded a Gulf Cooperation Council (GCC) registration. This approval holds significance and is prestigious since such registrations are obtained by the manufacturing facilities which meet world class standards and where quality is of the prime essence.
Allcargo Global Logistics plans to enter third-party logistics business in a few months and expand its warehousing capacity to 400,000 sq ft.
Power Grid Corporation of India’s board of directors granted their nod for three investment approvals.
Reliance Infrastructure (R-Infra) has secured a contract worth Rs 7,200 crore for 2,400 MW gas based combined cycle power project at Samalkot.
Hindustan Construction Company (HCC) has received two orders from Hindalco Industries for 6 x 150 MW Captive Power Plant - Aditya Aluminium Project at Sambalpur, Orissa.
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