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Tuesday, April 08, 2008
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Sensex surges 414 points
Solrex raises stake in Orchid Chemicals
MUMBAI: Solrex Pharmaceutical, a Ranbaxy group company, has increased its stake in Orchid Chemicals and Pharmaceuticals to over eight per cent through open market purchases for about Rs. 39 crore. ...
Jubilant to buy Canada’s Draxis
TORONTO: Jubilant Organosys has said it would buy Canada’s Draxis Health for $255 million as it plans to enter in the radiopharmaceutical sector in North America. The latest deal takes Jubilant into the top five sterile manufacturing ...
Tata Motors raises truck, bus prices
MUMBAI: Tata Motors has raised the price of trucks and buses by an average of 3.5 per cent from April 1 to offset higher raw material costs, a company spokesman said on Monday. ...
Jet in codeshare pact with ANA
NEW DELHI: In a first code sharing agreement between Indian and Japanese airlines, Jet Airways has partnered Tokyo-based ANA to commence operations on the Mumbai-Tokyo route from next month. — ...
Apex Court dismisses Brics’ appeal
NEW DELHI: The Supreme Court on Monday dismissed stock broker Brics Securities’ appeal challenging a SEBI order that held it guilty of breach of code of conduct while dealing in the shares of Reliance Industries (RIL). A bench headed by ...
Tata Power synchronises first unit at Haldia
KOLKATA: Tata Power on Monday synchronised its first unit at the 2x45 MW independent power project (IPP) at Haldia. The second unit is scheduled for commissioning later this year. The company had acquired the 2x45 MW IPP from Hooghly MetCoke ...
ICICI Bank introduces global Indian account
CHENNAI: ICICI Bank has launched Global Indian account facility. According to a release, this facility addresses the banking needs of Indians moving overseas. These customers, prior to their departure from India, will have a bank kit ...
Ashok Leyland sales up 27 p.c.
CHENNAI: Ashok Leyland has achieved total sales of 10,698 units in March this year against 8,437 units in the year ago period. Domestic sales were higher by 20 per cent at 9,542 vehicles against 7,929 vehicles. Exports have more than doubled ...
Principal PNB AMC ties up with SIB
CHENNAI: Principal PNB AMC has entered into a strategic alliance with South Indian Bank for distributing its mutual fund products. Under the agreement, South Indian Bank will offer the entire bouquet of Principal PNB AMC’s products ...
Union Bank launches reverse mortgage plan
CHENNAI: Union Bank of India has announced reverse mortgage scheme for senior citizens, Union Reverse Mortgage Scheme. The scheme enables home owners to obtain monthly payments against the mortgage of their homes as long as they continue to ...
Oridian partners G life
HYDERABAD: Ybrant Digital, a Hyderabad-based digital marketing solutions provider, announced that its subsidiary, Oridian, the largest privately-owned advertising network, has entered into a joint venture with Swedish lifestyle and social ...
Bharti Teletech appoints Sunil Goyal as CEO
NEW DELHI: Bharti Teletech, a subsidiary of telecom group Bharti Enterprises, has announced the appointment of Sunil K. Goyal as the company’s new Chief Executive Officer. He will replace the incumbent Pawan Kapur, who is superannuating. ...
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