Suzlon Energy - Acquisition of Areva’s share in REpower
Suzlon Energy Ltd has announced that the Company has signed a Share Purchase Agreement with Areva for acquisition of Areva’s total stake of approximately 30% in REpower Systems AG, Germany (’REpower’). This acquisition shall consolidate the Company’s total holding in REpower to approximately 66%.

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Fortis Financial - Surrender of NBFC License
Fortis Financial Services Ltd has announced that pursuant to the approval of Board of Directors of the Company at its meeting held on January 05, 2008 for making an application to Reserve Bank of India (RBI) for surrender of its NBFC registration, RBI vide its order dated June 02, [...]

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Era Infra secures contract from Mumbai Railway Vikas Corporation Ltd
Era Infra Engineering Ltd has announced that the Company has bagged a prestigious contract from Mumbai Railway Vikas Corporation Ltd. for the construction of EMU Maintenance Car Shed between Nallasopara & Virar stations of Western Railway through International Competitive Bidding (ICB).

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Transgene Biotek signs agreement with Mentor Pharmaceuticals
Transgene Biotek Ltd has announced that the Company has entered into a definitive agreement with MENTOR Pharmaceutical Consulting Pty Ltd, New South Wales, Australia, a Company promoted by Dr. Gregory Russell-Jones. Dr. Russell-Jones is one of the best renowned and most experienced scientists in the world in the area [...]

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Idea Cellular - Providence Invests USD 640 million in Aditya Birla Telecom
dea Cellular Ltd has announced that the Board of Directors of the Company, on May 22, 2008, has taken note of the proposed issuance by Aditya Birla Telecom Ltd (”ABTL”) (a wholly owned subsidiary of Idea Cellular Ltd) of compulsorily convertible preference shares for [...]

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Dhanus Technologies launching V-tel Mobile Service
Dhanus Technologies Ltd has announced that the Company is launching a new service branded “V-tel Mobile Service”. V-tel mobile service is aimed at Indians traveling abroad and can be used in 229 countries in the world. V-tel mobile offers free incoming calls in over 50 countries and charges discounted rates [...]

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BSEL Infrastructure signs MOU with IRDA, Malaysia
BSEL Infrastructure Realty Ltd has announced that the Company has signed an MOU with Federal Government’s Statutory body Iskandar Regional Development Authority (IRDA) wherein BSEL has committed to make investment in Iskandar Malaysia to the tune of RM 15,000,000,000 (Malaysian Ringgit Fifteen Billion) (equivalent to Rupees 18000 Crores) over [...]

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Subex unveils groundbreaking new OSS and BSS solutions at Management World Nice
Subex Limited, a leading global provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, is unveiling a new version of its industry-leading Revenue Operations Center (ROC) and is launching new products in its Revenue Maximization and Fulfillment and Assurance business lines. [...]

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India’s Power Finance signs MoU with Ex-Im Bank of U.S.
Power Finance Corp Ltd. (PFC) announced that it has signed a MoU with Ex-Im Bank of the United States so that PFC’s borrowers can use Ex-Im bank’s facility for project-related imports from the U.S. during the next two years.
PFC, which is biggest Indian power finance company [...]

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GSK Pharma signs Co-production agreement with Daiichi Sankyo for anti-hypertensive drug
GlaxoSmithKline Pharmaceuticals announced that it had signed a co-production agreement with Japanese drug maker Daiichi Sankyo for anti-hypertensive drug Olmesartan Medoxomil and its combination products.
GlaxoSmithKline Consumer Healthcare`s (GLAXOCON) principal activities include manufacture and distribution of a wide range of healthcare foods, drugs, pharmaceuticals and [...]

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