The country's largest car maker Maruti Suzuki India will consider taking different measures after April to protect its margins due to fluctuation of Japanese Yen, post the devastating earthquake and tsunami.
Honda and the Hero group have ended their joint venture. However, they have signed an agreement under which Honda will give technology for new and upgraded bikes to Hero in return for royalty till June 2014.
In a major fillip to industrialisation in the backward Telangana region, Mahindra and Mahindra will set up its tractor manufacturing unit at its existing facility at Zaheerabad in Medak district of Andhra Pradesh.
Cairn Energy Plc raised expectations of Indian approval for the long-delayed sale of a stake in its Indian business to Vedanta Resources, as the UK oil explorer posted a return to profit in 2010.
The Aditya Birla Group's plans to re-enter the power sector have had a setback, as its move to buy into a Chhattisgarh-based power unit has fallen apart. AB Group is very close to purchasing Sona Power, which had plans of putting up a 660-Mw power project in Chhattisgarh.
India's top iron ore miner NMDC expects to renew soon a five-year iron ore contract with Japanese customers which expires at the end of March. The state-owned miner plans to build steel plants in India, has moved closer in its bid to acquire a coal mine in the US.
A fluid catalytic cracker (FCC) at India's Reliance Industries' old plant could start product output from today.
The need for raw material integration for its European operations is keeping Tata Steel officials busy. The company has initiated talks with the government of British Columbia, a Canadian province, to acquire coking coal mines.
Monnet Ispat & Energy, flagship Company of the Monnet Group, has bought a 65-million tonne coal mine in Indonesia for $24 million (Rs 290 crore). And, it is in talks to buy another coal mine, besides looking to set up power plants, in that country.
A consortium of Lanco Infratech and US-based Massey Energy Company, emerged as the lowest bidder for a power project by Maha Tamil Colleries.
Kotak Realty Fund, the property investment arm of India's Kotak Mahindra Bank, plans to raise as much as $500 million by the second quarter of this year, in a bet on the long term case for property in Asia's third-largest economy.
BILT, the country’s largest producer of writing and printing paper, plans to raise $330 million from London Stock Exchange, through a book building process and making offer to select institutional investors.
China's Yanzhou Coal Mining Co and India's Aditya Birla Group are among parties preparing to submit second-round bids for Australian coal miner Whitehaven Coal, which is seeking offers of more than $3.5 billion.
Chennai-based information management solutions provider Saksoft has signed an agreement with US-based analytics and decision management technology firm Fair Isaac Corporation (FICO), to market the latter's solutions in India.
Indian drugmaker Elder Pharmaceuticals plans to raise 1.05 billion rupees through 7-year bonds at 11.25 percent.
Arvind International’s board has approved the right issue price at Rs 13.50 per equity shares. The approval was granted at its meeting held on March 22, 2011.
Vascon Engineers has secured two contracts worth aggregating Rs 241 crore.The company bagged first order worth Rs 131 crore for construction of miscellaneous building for ESIC at MGM in Mumbai. However, the second order worth Rs 110 crore is for carrying out civil work for residential project in Chennai.
Jindal Saw is in talks to acquire a logistic firm that operates container trains and owns terminals for about Rs 100-150 crore. The deal is likely to be closed in three months, officials stated.
Reliance Communications, India’s largest integrated telecom operator announced the launch of free website package for all its Netconnect users.
Zylog Systems' board of directors, have given their approval for the expansion plans of the WiFi business of the wholly owned subsidiary - Zylog Systems (India).
Acropetal Technologies has entered into definitive agreements to acquire 100% equity in Line Beyond Inc and 70% of the equity in Optech Consulting Inc for a consideration of $ 4.90 million each.
Bafna Pharmaceuticals has signed an agreement with NR Jet, an affiliate of Johnson & Johnson, for the acquisition of the TradeMark --RARICAP-- and the transaction is expected to be closed by the first week of April 2011.
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