TATA Agrico, a division of Tata Steel entered into an agreement with TATA BP Solar for distributing the solar products of the latter, primarily in the rural hinterland of India. This initiative is primarily aimed at targeting consumers who are deprived of regular electricity supplies owi…

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Arch Pharmalabs limited, a pharmaceutical major operating in the API and Intermediates business today announced the acquisition of a majority stake in Benzochem Lifesciences Pvt. Limited for an undisclosed amount. Benzochem Lifesciences Pvt. Limited is a privately held company, engaged i…

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IFGL Refractories Ltd (IFGL) has entered into an in-principle agreement for purchase of 96.16% of the share capital of Hofmann Ceramic GmbH, Germany (including subsidiaries, namely, Hofmann Ceramic CZ, Czech Republic and Hofmann Ceramics Ltd, UK) and 100% of the Capital contribution of …

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MUMBAI: Bankers were expecting it, markets had anticipated it and on Wednesday, the Reserve Bank of India acted on the inevitable as it hiked the repo rate, or the rate at which it lends funds to banks, by 25 basis points to 8%. The first repo hike in 15 months comes exactly a week after…

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NEW DELHI: IT technology company NIIT on Wednesday posted a net profit of Rs 31 crore in the fourth quarter ended March 31, an 11 per cent fall from the corresponding period last year. It had reported a net profit of Rs 45.9 crore during the same quarter last year.The company said given …

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Siemens AG has signed a five-year, 80 million euro MPLS-based IP VPN contract with Orange Business Services to migrate a large portion of its worldwide network to Orange, its new trusted partner. Orange Business Services is now designing and migrating 1,100-site Siemens Wide Area Network …

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Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT services provider, today announced that it has successfully completed India’s first ever SAP ERP implementation for a Temple Trust _ Shri Sant Gajanan Maharaj Sansthan, the second largest pilgrimage d…

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Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced the inauguration of India’s first High Definition Multimedia Interface™ (HDMI™) Authorized Testing Center (ATC) laboratory in its Bangalore based Philips Innovation Campus. The test centre will facilitate HDMI complianc…

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Grasim Industries Ltd., a flagship Company of the Aditya Birla Group, today announced the hiving off of its Sponge Iron Business by way of a slump sale for a purchase consideration of Rs.1,030 crores. The transaction was approved by the Board of Directors of Grasim at its meeting held tod…

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PayMate India Pvt. Ltd, today announced the closure of its second round of investment of US $9 million led by Mayfield Fund and participation from existing investors, Kleiner Perkins Caufield & Buyers and Sherpalo Ventures. for an undisclosed stake in mobile payment company – P…

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