MUMBAI: Maytas Infra Ltd has bagged Rs 222.25 crore contracts for four rural electrification works form Power Grid Corporation of India Ltd under Rajeev Gandhi Grameen Vidyut Yojana. Under the scheme the company will be electrifying 4125 villages. The company will be executing projects …

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MUMBAI: United Spirits Ltd on Monday announced the merger of Tamil Nadu-based Balaji Distilleries Ltd with itself, in an all-stock deal. The merger is effective April 1, 2009. The swap ratio fixed by the company is 2:55, i.e. every two shares of United Spirits for 55 shares held in Balaj…

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Hinduja flagship company Ashok Leyland today reported 60.22 per cent drop in total sales at 2,307 units in November this year as compared to 5,800 units in the same month last year.Domestic sales during the month stood at 1,788 units as against 5,366 units last year. …

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Indo Tech Transformers clarified that the contents of the article appear to be speculative and the Company is not aware of any such developments and are accordingly denied. Shares of Indo Tech surged despite denying news that GE was eyeing majority stake in the company. …

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MUMBAI: Cement manaufacturer ACC Ltd plans to raise at least Rs 100 crore through a bond issue soon, three market sources said on Wednesday. “It is looking at raising five-year funds,” one of the sources, said. …

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Ranbaxy Laboratories, India’s biggest drug maker, said it is partnering US drug firm BioPro Pharmaceuticals Inc, to sell the latter’s brain tumor drug Gliadel Wafer in the country.Though there is very limited data available on the incidence of brain tumors in India, the company sa…

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As bourses worldwide traded in volatile zone, the collective value of Indian stocks trading on the American markets tumbled by nearly $3 billion in the month of November, with IT major Infosys Technologies alone witnessing an erosion of $1.73 billion.Swinging between the highs and lows, t…

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Mumbai: Army and police commandos are engaged in fierce gunbattle with small groups of terrorists who have taken many people hostages at the Taj Intercontinental Hotel, Oberoi Hotel and the Cama Hospital. …

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State-run Bharat Heavy Electricals (BHEL) has entered into a joint venture with the Tamil Nadu government for setting up 2×800 MW super-critical units at Udangudi, a top company official said.”BHEL will be putting in 26 per cent equity and the Tamil Nadu government the same sta…

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Diversified firm Siemens today said its consolidated net profit stood at Rs 599.54 crore for the fourth quarter ended September 30, as against Rs 692.85 crore in the corresponding period last year.The company’s consolidated net sales and services (excluding excise duty) rose to Rs 9…

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