Mahindra & Mahindra said it would invest about Rs. 40bn in Tamil Nadu, after the state decided to allocate land for the company at Cheyyar, near Chennai.
Sun Pharmaceutical Industries founder Dilip Shanghvi has agreed to acquire 23% stake in Suzlon Energy for Rs18bn.
Asian Paints has decided to step out of its comfort zone to speed up future growth. The paint maker has identified the home improvement and décor segment as an avenue for future growth.
Mahindra & Mahindra said it would invest about Rs40bn in Tamil Nadu, after the state decided to allocate land for the company at Cheyyar, near Chennai.
Reliance Cement won the first coal block after it emerged as the highest bidder for the Sial Ghoghri mine in Madhya Pradesh which has 5.61mn ton of reserves. GMR's subsidiary GMR Chhatisgarh Energy won the Talabira I block.
The board of Indian Bank has given its approval for the government proposal to infuse Rs2.8bn through preferential allotment of equity shares.
ITC has acquired Savlon and Shower To Shower brands for India from Johnson & Johnson as part of its ambitious goal to become the country's largest FMCG company by 2030.
As many as six out of seven molecules in Glenmark's drug discovery pipeline are currently in the clinical trial stage and the company's R&D spend pegged at 10% of sales is expected to be maintained at similar levels for next two years, a top official has said.
Telecom regulator TRAI is believed to be considering issuing show-cause notice to Airtel, Vodafone and Idea Cellular for not signing agreements with companies interested in providing international calling card services directly to consumers.
Cipla has been awarded a US$189mn tender for antiretroviral drugs by The Global Fund to Fight AIDS, Tuberculosis and Malaria.
Karur Vysya Bank said that while there is a positive sentiment in the market, the bank has put aggressive expansion on hold until the investment climate improves and things start moving on ground.
Cipla has entered into an agreement with Biopharm SPA to form a joint venture company in Algeria to manufacture and market respiratory products.
State Bank of India (SBI), is planning to divest part of its stake in its life and general insurance ventures.
Welspun Renewables has pledged to set up 11 giga-watts of solar and wind power projects across the country.
There is “no status change” in SpiceJet’s order for 42 Boeing 737 MAX aircraft, according to Pratyush Kumar, President, Boeing India.
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