India Business

Penta vaccines get high five from pharma players

Patient-friendliness, cost-savings make them attractive

In wagon deal with Nalco

BEML to dig deeper into mining contracts

BEML to dig deeper into mining contractsConstruction equipment major inks agreement with Indonesian firm to bid for domestic deals

JSW Steel Ltd is believed to have placed orders to import 4,00,000 tonnes of coal at renegotiated lower prices by the end of this fiscal.

Yamaha launches another 150 cc bike christened ‘FZ-S’ in Indian Market

Yamaha launches another 150 cc bike christened ‘FZ-S’ in Indian Market After grand success of muscular and hottest-looking bike FZ16, India Yamaha Motor (IYM) has come with another new bike 'FZ-S' priced at Rs 67,000 (ex-showroom Delhi).

The FZ-S, a 150cc motorbike, will be available in two colours -- Yellow Streak and Silver Tech to Indian consumers.

Average AUM for Indian Mutual funds increase 8.68% in Feb. 2009: AMFI

Association of Mutual Funds in IndiaThe average asset under management (AUM) of country's mutual fund industry increased 8.68% from Rs 4,609,489.97 million to Rs 5,009,733.79 million for the month ended Feb 28, 2009.

The data about 35 fund houses published by Association of Mutual Funds in India (AMFI) shows that twenty three fund houses reported growth while 12 reported fall in their assets during the reporting period.

Bhushan Energy makes counter offer for Orissa Sponge

The three-way battle to control Orissa Sponge Iron and Steel Ltd has taken a new turn with Bhushan Energy Ltd's decision to offer 330 rupees per share for 20 percent stake in OSLS against Monnet Ispat's offer of Rs 310.

Other players including BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd and BNR Consultancy Services Pvt. Ltd are also in the race to acquire stake in the firm.

The Bhubaneshwar-based Orissa Sponge holds captive iron ore and coal mines. The company is witnessing battle between Bhushan Power, Monnet Ispat and Bhushan Steel in the past one week. The final winner would be declared on May 13 for the offer opening on April 24, according to information available from Bombay Stock Exchange.

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