Tata Steel: Workers at Jaguar Land Rover (JLR) on Tuesday warned Tata Group Chairman against a ‘fire sale’ of its UK steel business, saying that it wasn’t the responsible thing to do. UK business minister Sajid Javid is travelling to Mumbai to meet Tata Group Chairman Cyrus Mistry on Wednesday to stave off the possible loss of thousands of jobs at Britain's largest steelmaker that could result from asale or shutdown.
Tata Motors: JLR, the Tata Motors-owned marquee brand, is slowly turning the corner in 2016, having remained on the fringes of the Indian luxury car market so far.
Infosys, TCS: Swiss private equity fund Partners Group is in talks with Infosys, TCS to sell domestic IT services company CSS Corp, according to reports.
GM Breweries Ltd: GM Breweries reported a net profit of Rs. 17.4 crore for the quarter ended March 31 compared to Rs.5.7 crore reported in the year-ago period.
RPG Life Sciences: RPG Life Sciences, part of the RPG Group, engaged in manufacturing and marketing of pharmaceutical products, has received GMP Certificate from Bavarian Authority, a competent authority in Germany, as per EUGMP standards for its formulation manufacturing facility at 3102/A,G.l.D.C. Industrial Estate, Ankleshwar, District Bharuch,Gujarat.
Pfizer: Pfizer and Allergan Plc are scrambling to determine whether to proceed with their plan to merge and move Pfizer's address but not its operations or headquarters to lower-tax Ireland.
Tata Power Ltd: Tata Power Ltd and Hyderabad-based Greenko Group Plc have evinced interest in acquiring Welspun Renewables Energy’s portfolio of 1.1 gigawatts (GW) renewable power assets, reports a business daily.
Aditya Birla Fashion Retail Ltd: Pantaloons, a unit of Aditya Birla Fashion Retail Ltd, has forayed into children’s wear with the launch of Pantaloons Kids, says a business daily. The retailer is piloting apparel and lifestyle stores for children in Ahmedabad, Bengaluru, Jabalpur, Kolkata and Chandanpur in West Bengal, says the financial newspaper.
Mahindra & Mahindra: Mahindra & Mahindra’s Farm Equipment Sector (FES) has raised the bar in farm technology with the launch of the Mahindra YUVO, a new age, superior technology, range of tractors in the 30-45 HP category which will be added to the company’s existing range of highly successful 15 –57 HP tractors.
ONGC: ONGC has received green nod for Rs. 350-crore project of drilling 22 exploratory wells in NELP-9 blocks located at Banaskantha, Gandhinagar and Ahmedabad districts of Gujarat, according to reports.
United Spirits: Diageo and two of its subsidiaries on Tuesday filed objections in the Debt Recovery Tribunal (DRT) in New Delhi against its last month's order prohibiting Vijay Mallya from withdrawing US$75 million exit payout from the British liquor giant till the disposal of SBI’s case against him over loan default, reports a business daily.
Power Grid Corporation of India Limited: Power Grid Corporation of India Limited, a ‘Navratna’ Company under Ministry of Power of the country, commissioned transmission projects worth Rs. 30,300 crore (unaudited) during 2015-16, which is the highest-ever commissioning achieved by the Company in its history.
Aurobindo Pharma: Aurobindo Pharma has received final approval from the USFDA to manufacture and market Polymyxin B for Injection USP, 500,000 units/vial. This product is expected to be launched in Q2 FY16-17.
L&T Construction: The company has announced that it has bagged orders worth Rs.2,125 crore.
Era Infra Engineering Ltd: Era Infra Engineering Ltd has announced that Consortium of the company and SRS Real Infrastructure Limited Secures Contracts from Government of the Republic of Congo for US$ 87,674,300.
JMC Projects: JMC Projects has announced it has received Second Provisional Certificate to start operations at UP-MP Border road Project.
Lupin: The pharma company announced the appointment of Dr. Kurt Nielsen as President of Lupin – Somerset. Kurt will be responsible for overall operations of the Gavis-Novel Somerset business and will be based out of Somerset, New Jersey.
Narayana Hrudayalaya: The company announced that it has decided to cease operations at its "Malla Reddy Narayana Multispecialty Hospital" in Hyderabad, Telangana (erstwhile Andhra Pradesh) and entered into an agreement to sell the undertaking to Chandramma Educational Society.
Kiri Industries: Kiri Industries has executed agreements for settlement of all its debt by end of the financial year 31 March 2016. This has resulted in significant reduction of borrowing of the company by the end of financial year 2015-16 and the total borrowings of the Company have been reduced from Rs. 853.13 crore to Rs 410.62 crore, which is about 51.87% reduction compared to the previous financial year.
Rolta India: Fitch Ratings has downgraded Rolta India Limited's (Rolta) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'B' from 'BB-'. The Outlook is Negative.
GP Petroleums: GP Petroleums Ltd has tied up with the Repsol, Spains largest lubricant Company for blending and marketing of Repsol lubricants in India.
Snowman Logistics: Snowman Logistics has informed BSE that the construction of the Jaipur warehouse has been completed and the warehouse is now ready for operations with a capacity of 4200 pallets, thereby taking the total capacity of the Company to 98,500 pallets.