Tata Power, part of the salt-to-software conglomerate Tata Group, is buying 20.95 megawatts (MW) of wind assets from Niskalp Energy in Maharashtra, according to some news reports. The financial details about the deal were not available. In a separate development, the company is looking to award contract for establishing 150 MW wind power facilities in [...]
Reliance Industries (RIL) and Reliance Natural Resources (RNRL) have entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business de-merger in 2005. While the companies [...]
Venus Remedies has entered into the Australasia region by receiving a patent from Commissioner of Patents, Trademarks and Design, Intellectual Property office of New Zealand for its antibiotic Potentox, a fixed dose combination of cefepime and amikacin. The scrip is currently trading at Rs. 270.00, up by 5.90 points or 2.23% from its previous closing [...]
Maruti Suzuki India (MSIL) is the largest player in the Indian car market with 50% market share. MSIL is way ahead of its competitors with its strong brand equity and excellent dealer network. Indian car industry is at the cusp of strong long term growth and the entry of global auto giants in the Indian [...]
Sun Pharmaceuticals (Sun) has announced patent settlement with Orion Corporation (Orion) for the generic version of Stalevo ($120 million revenue) and Comtan ($90 million revenue), which are used in the treatment of Parkinson’s disease. Under the terms of the settlement, Sun will be able to launch the generic version of Stalevo (for strength of 25/100/200mg [...]
FY10 revenues up 9.5% for the full year, reports a positive EBITDA for the full year largely on back of cost realignments & prior revenue recognition in the Q4. Q4 results highlight the lumpiness of different revenue streams making only year-on-year comparisons meaningful. While we expect FY11E to see margin gains as investments likely mature [...]
The Boards of Reliance Communications Ltd. (RCOM), and its subsidiary, Reliance Infratel Ltd. and GTL Infrastructure Ltd. (GTL INFRA) Sunday in-principle approved a Rs. 50,000 crore (USD 11 billion) deal to create the world’s largest independent telecom infrastructure company, neither owned nor controlled by any telecom operator. On June 23, CNBC-TV18, quoting VCC Circle had [...]
Equity diversified NAVs ended higher Wednesday with advance:decline ratio of 221:23 as the Equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry tomorrow for the month of June. First half of trade was negative with modest losses on weak global cues and the Nifty struggled at the 5300 level. However, the [...]
To promote its diversity to attract tourists. After witnessing an arrival of just 1,25,000 international tourists, Gujarat government is gearing up to focus exclusively on toursim opportunities in the state. From roping in Amitabh Bachchan, setting up tourism institutes to identifying Special Tourism Investment Regions (STIR), the state government is exploring various avenues to popularise [...]
Banking Codes and Standards Board of India had introduced new rules for banks to increase transparency and customer services. Let’s look at these new rules 1. Interest rate information: In case if a customer has borrowed against a floating rate of interest, then he/she has to be informed about any change in rate through given [...]
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