India's leading provider of microwave wireless technologies, Astra Microwave Products Ltd has won INR 570 million (USD 11.5 million) order from Israel's ELTA Systems Ltd. A group subsidiary of Israel Aerospace Industries, ELTA is a world leader in electromagnetic sensors-based advanced defense systems for radar, electronic warfare, and communications.
The order is for the supply of microwave wireless sub-systems for India's defense radar programme. The contract is effective between November
United Spirits Ltd (USL) has announced the merger of Tamil Nadu-based Balaji Distilleries Ltd .The board of USL approved the all-stock deal and the merger will be effective April 1, 2009. The swap ratio fixed by the company is 2:55, i. e. two shares of United Spirits for 55 shares held in Balaji Distilleries.
Balaji Distilleries began in 1983 and has since been a contract manufacturing unit for UB group, with a distillery capacity of producing 10 million cases per annum and brewing capacity of 9 million dozens per annum.
Kolkata: Tyre-maker Dunlop India Ltd on Sunday declared suspension of work at its Sahaganj plant in the Hooghly district, leaving the future of over 1,200 workers in uncertainty.
Plethico Pharma to Take Over 20% stake in Tricon Holdings arm for $20 mn
A global pharma company with a strong emphasis on herbal and neutralceutical segments, Plethico Pharmaceuticals Ltd, is all set to acquire 20% stake in the Sputnik Regional Aptika Holdings Ltd, a drug retailer in the Commonwealth of Independent States, or CIS, from Hong Kong-based Tricon Holdings Ltd for $20 million (Rs100 crore).
India's third largest software exporter, Wipro has asked its latest batch of recruits to join its business process outsourcing (BPO) division instead of technical and software division. The management has intimated all engineers, selected from various Engineering colleges, about the decision of the company through e-mail. The company has sited unfavorable market conditions and economic slowdown as a reason for its recent decision.
One of the country’s top incorporated financial group, Religare Enterprises has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders.
India's leading provider of microwave wireless technologies, Astra Microwave Products Ltd has won INR 570 million (USD 11.5 million) order from Israel's ELTA Systems Ltd. A group subsidiary of Israel Aerospace Industries, ELTA is a world leader in electromagnetic sensors-based advanced defense systems for radar, electronic warfare, and communications. 
United Spirits Ltd (USL) has announced the merger of Tamil Nadu-based Balaji Distilleries Ltd .The board of USL approved the all-stock deal and the merger will be effective April 1, 2009. The swap ratio fixed by the company is 2:55, i. e. two shares of United Spirits for 55 shares held in Balaji Distilleries. 
Kolkata: Tyre-maker Dunlop India Ltd on Sunday declared suspension of work at its Sahaganj plant in the Hooghly district, leaving the future of over 1,200 workers in uncertainty.
Plethico Pharma to Take Over 20% stake in Tricon Holdings arm for $20 mn 
India's third largest software exporter, Wipro has asked its latest batch of recruits to join its business process outsourcing (BPO) division instead of technical and software division. The management has intimated all engineers, selected from various Engineering colleges, about the decision of the company through e-mail. The company has sited unfavorable market conditions and economic slowdown as a reason for its recent decision. 
One of the country’s top incorporated financial group, Religare Enterprises has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders.
