CORPORATE
RESEARCH & DEVELOPMENT
Bafna Pharma looks to raise Rs 25 cr through IPO
Chennai, May 23 Bafna Pharmaceuticals Ltd, a Chennai-based formulations company, hopes to raise Rs 25.60 crore through an initial public offer to fund its market expansion and R&D programme.According to a press release from the ...
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OVERSEAS BORROWINGS
Moser Baer gets board nod to raise up to $150 m
New Delhi, May 23 Moser Baer Solar Plc, a subsidiary of optical storage device manufacturer Moser Baer India Ltd, plans to raise up to $150 million. The board of directors of Moser Baer has given its nod for the proposal. Moser Baer ...
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AWARDS & HONOURS
Aravind Eye Care bags Gates award
Aravind Eye Care System (Aravind Eye Hospitals, Madurai) has won the $1-million Gates Award for Global Health, 2008, the world’s biggest prize for international healthcare. The award has come in recognition of Aravind’s ...
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MERGERS & ACQUISITIONS
M&M evaluating majority stake in Kinetic Motors
Pune, May 23 Though a US-based private equity fund has already completed the due diligence at Kinetic Motor Company (KMC) and evaluated it in the region of Rs 125 crore, a source close to the development says that it is Mahindra and Mahindra ...
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NEW PROJECTS
Teekays Group to set up facility for medium fibre boards
Rs 206-cr plant to come up near Bangalore
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ONGC set to open bids for Tripura plant by mid-June
Kolkata, May 23 ONGC seems to have made some progress in awarding EPC contracts for implementing the 740-MW gas-based ONGC Tripura Power. The energy major is now to set to open financial bids for the EPC contract by mid-June. ...
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ALLIANCES & JOINT VENTURES
SEC Industries signs pact with Israel Aerospace Industries
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Schwarzkopf joins hands with Lakme
Chennai, May 23 FMCG Player Henkel group’s high-end hair product brand Schwarzkopf Professional has tied up with the salon chain Lakme. Currently, Lakme has over 100 salons across the country. Under this exclusive pact, Lakme will ...
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Concor, FACT to set up container freight station in Kochi
To facilitate ‘single window’ solution for export-import shipments
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