HCL Technologies Ltd (“HCL”), India’s leading global IT services company today announced its continued investment and expansion in Australia & New Zealand with the opening of a new global development centre in Sydney, which will help to accommodate over 500 staff across the reg…
Continue reading...Aurobindo gets approval for Losartan Potassium tabs
Aurobindo Pharma Limited is pleased to announce that it has received the tentative approval to manufacture and market Losartan Potassium tablets in the strengths 25mg, 50mg and 100mg from the US Food & Drug Administration (USFDA). Losartan Potassium tablets are the generic equivalen…
Continue reading...Ansal API to invest about Rs 3600cr in IT SEZs/Parks
Ansal Properties and Infrastructure Ltd. (ANSAL API) a leading real estate developer in India, today announced a total investment of about Rs 3,600 crores in their soon to be launched IT/ITES SEZs/Parks. Ansal API is one of the first developers in India to obtain notification for setting …
Continue reading...BIG TV launches 32 screen, 24×7 Multiplex for TV sets
Reliance BIG TV Ltd., a wholly owned subsidiary of Reliance Communications Ltd., today announced the launch of 32 exclusive Movie Channels including a dedicated Kannada Movie Channel. The company also launched India’s first Subscription Video on Demand service on BIG TV DTH using which …
Continue reading...Raising of long term capital funds by Tata Motors
At the meeting of the Board of Directors of Tata Motors Ltd. held today, the Directors reviewed the progress of the long-term financing plan which had been announced in May 2008, inter-alia for the Jaguar-Land Rover acquisition. At that time, the Company had announced that a part of the t…
Continue reading...Empee Sugar commissions new plant in 2009
Work on the 5,000 TCD (tonnes crushing per day) state-of-the-art, integrated sugar complex of Empee Sugars and Chemicals Limited at Edaikal in Ambasamudram taluk of Tirunelveli district is going on in full swing with the company having already raised 1,000 acres of seed cane out of the to…
Continue reading...ICICI Bank signs MoU with US Ex-Im Bank for USD 250mn
ICICI Bank Ltd, India’s second largest Bank, and The Export-Import Bank of the United States (Ex-Im Bank) today signed a Memorandum of Understanding (MOU) for USD 250 million to work together for financing the capital goods imports of Indian corporates from USA. This understanding is a…
Continue reading...Adhunik Metaliks subsidiary gets into IPO mode
Leading alloy steel producer Adhunik Metaliks Ltd’s 100 per cent subsidiary Orissa Manganese and Minerals Limited (OMM) proposes to raise Rs 250-300 crore from a public issue later this year to fund its mining plans. All mines of OMM, except dolomite, are now in operation (iron Ore yet …
Continue reading...BILT amongst top 10 cos with active CSR initiatives
Ballarpur Industries Ltd. (BILT), India’s leading paper manufacturer and flagship of the US$ 3 billion Avantha Group, has been named one of the top 10 companies to undertake active CSR initiatives in a study conducted by TNS India and The Times Foundation. In this national level study, …
Continue reading...Lupin enters into marketing alliance with Forest Lab
Lupin Ltd., announced today that the Company has entered into a multi-year promotion and marketing agreement for the AeroChamber Plus® line of products with Forest Laboratories, Inc. Under the terms of the agreement, Lupin Pharmaceuticals, Inc, USA, will use its 50 person sales force to…
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