BASF India Ltd has clarified that its parent company BASF SE does not have any intention, nor is it making any attempt, to buyout the stake of the minority shareholders of the company by making an open offer.

Blue Star Infotech Ltd (BSIL), provider of outcome based IT solutions, has launched an Oracle Accelerate Solution for the Oracle E-Business Suite aimed at the Indian Chemical Industry. BSIL is qualified to implement Oracle Applications using Oracle Business Accelerators for the Indian market and by leveraging OBA for Oracle E-Business Suite, coupled with its domain knowledge of the chemical industry, BSIL will be able to reduce the ERP implementation costs by 25-40 per cent and implementation time by 30-40 per cent for the chemical industry.

Kavveri Telecom Products Ltd has decided to appoint ENAM Securities Pvt Ltd for raising funds.

NHPC Ltd, following the promoter's agreement amongst Jammu & Kashmir State Power Development Corporation Ltd, NHPC Ltd and PTC India Ltd, signed on December 31, 2010, a joint venture company named Chenab Valley Power Projects Pvt Ltd has been incorporated on June 13. The joint venture company will implement Pakal Dul and other hydroelectric projects with an aggregate installed capacity of about 2,100 MW in the Chenab river basin of Jammu & Kashmir.

The paid up equity share capital in the company shall be contributed by the NHPCL, Jammu & Kashmir State Power Development Corporation Ltd and PTC India Ltd in the ratio of 49:49:2 respectively.

Referring to reports about surge in Novartis share price amid delisting buzz, Novartis India Ltd has clarified that the press report seemed to be based on market speculation, while the board of Directors das not considered any proposal for de-listing of the company's shares.

PSL Ltd has secured order totalling Rs 753 crore from GAIL (India) Ltd for supply of line pipe and three-layer polyethylene coating for Kochi-Koottanad-Bangalore-Mangalore Gas Pipeline Project for a total length of 735 km.

Suzlon Wind Energy Corp , the North American subsidiary of Suzlon Energy Ltd (SEL) has announced a new order for 15 S97-2.1-MW wind turbines for a wind power project in development by Sprott Power Corp, Canada. The project is slated for completion by March 2012 and Suzlon is delivering the project under an EPC turnkey contract. The total order is for 31.5 MW and the Suzlon group reinforces its presence in Canada after securing 300 MW in orders through REpower in January this year.

Titan Industries Ltd's board of directors has fixed June 24 as the record date for the issue of bonus shares in the ratio of 1:1 and sub-division of equity shares of Rs 10 each into 10 equity shares of Re 1 each.

Walchandnagar Industries Ltd (WIL) is exploring opportunities to enter into a joint venture arrangement with Atomenergomash (AEM), open joint stock company and Atomstroyexport (ASE), joint stock company, Russia to jointly explore and evaluate various business opportunities in the field of manufacture and supply of components for nuclear power projects. An MoU to this effect has already been signed and the details of the agreement are presently being worked out.

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