The US government has started to put pressure on India's largest private sector firm Reliance Industries (RIL) to stop sale of gasoline to Iran. A group of American Congressmen expressed reservations on the decision of Export-Import Bank of the US to provide financial assistance to RIL as it has business ties with Iran.
The congressmen criticized the Mukesh Ambani-led RIL for supplying refined petroleum products for Iran as the country is going ahead with its nuclear program.
Tata Motors Ltd would inject "tens of millions" of pounds into Jaguar Land Rover according to reports. The move is aimed to mitigate the impact of global slowdown. Tata bought the luxury carmaker JLR earlier this year for $2.3 billion from Ford Motor Co.
Almost entire Automobile sector is facing low demand problem leading to employ cost cutting measures including significant production cut and retrenchments. Tata's move to inject money in Jaguar Land Rover would prevent an immediate cash flow crisis being faced by company following economic slowdown.
Ranbaxy Laboratories and its new owner Japan’s Daiichi Sankyo, which now holds 63.92% of Ranbaxy’s equity share capital, reconstituted a new 10-member panel.
From the company’s earlier 15 member panel, the company retained only three members including former owner Malvinder Singh, COO Atul Sobti and Religare CEO & MD Sunil Godhwani.
The newly announced board reflects the changed ownership structure at Ranbaxy, following Daiichi Sankyo’s strategic investment during the last month (Nov 2008).
The Chandigarh-based Compact Disc India (CDI), an integrated media and entertainment company, said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming.
The board of directors has approved the budget of $63 million.
The global search engine and news portal, Yahoo Inc acquired 30% stakes in Info Network Management Company (INMAC). INMAC is a Chennai-based tele-information service provider known for phone directory search service 'Call Ezee', which is available across 14 cites in India. It is 24x7 tele-information provider that handles about 10,000 calls per day and provides 24-hour helpline for medical emergencies.
Tokyo - Japanese electronics giant Panasonic Corp and its smaller competitor Sanyo Electric Co have announced their agreement to a business alliance Friday, sealing Sanyo's takeover.
Panasonic will take control of about 70.5 per cent of Sanyo's shares after US investment bank Goldman Sachs, which is one of Sanyo's major shareholders together with two Japanese investment firms, agreed to the deal on Thursday.
Sanyo's management threw its support last month behind the takeover, which would create one of the world's largest consumer electronics companies.
The US government has started to put pressure on India's largest private sector firm Reliance Industries (RIL) to stop sale of gasoline to Iran. A group of American Congressmen expressed reservations on the decision of Export-Import Bank of the US to provide financial assistance to RIL as it has business ties with Iran.
Tata Motors Ltd would inject "tens of millions" of pounds into Jaguar Land Rover according to reports. The move is aimed to mitigate the impact of global slowdown. Tata bought the luxury carmaker JLR earlier this year for $2.3 billion from Ford Motor Co.
Ranbaxy Laboratories and its new owner Japan’s Daiichi Sankyo, which now holds 63.92% of Ranbaxy’s equity share capital, reconstituted a new 10-member panel. 
The Chandigarh-based Compact Disc India (CDI), an integrated media and entertainment company, said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming.
The global search engine and news portal, Yahoo Inc acquired 30% stakes in Info Network Management Company (INMAC). INMAC is a Chennai-based tele-information service provider known for phone directory search service 'Call Ezee', which is available across 14 cites in India. It is 24x7 tele-information provider that handles about 10,000 calls per day and provides 24-hour helpline for medical emergencies. 
Tokyo - Japanese electronics giant Panasonic Corp and its smaller competitor Sanyo Electric Co have announced their agreement to a business alliance Friday, sealing Sanyo's takeover.
