Oilfield services firm Aban Offshore has informed that it has entered into an agreement with Husky Oil for leasing its jack up rig 'Deep Driller 5' offshore for drilling operation in China. .
According to official sources, the three-month contract would yield estimated revenue of $38.70 million (Rs 178 crore), for Aban Offshore, Subject to the fulfillment of conditions.
The deployment is to commence in direct continuation of its present contract, which is anticipated in the first quarter of 2009.
Two-wheeler maker Kinetic Motor has informed that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd to acquire 2.95 crore equity shares of the latter.
Behind this, the members of the company, have approved to increase its authorized share capital to Rs 93.56 crore by creation of new five lakh redeemable cumulative preference share of Rs 100 each.
During company's extraordinary general meeting, the board has passed the Ordinary Resolution by way of postal ballot under Section
Tata Power Company (TPCL), India's largest private sector utility power provider, has signed an agreement with State-run electricity major Damodar Valley Corporation
(DVC), to jointly explore options for capacity expansion, coal mining and establishing a research and development (R&D) facility.
Both firms also plan to increase the capacity of Maithon Power Limited (MPL) by over two-fold.
MPL is a joint venture between Tata Power and DVC, with Tata holding 76% stake.
Swiss FMCG firm Nestle has announced its plans to invest Rs 600 crore in its Indian subsidiary in calendar year 2009, as part of its business strategy.
The company which has granted an investment of Rs 300 crore in the Indian market this year, would be doubling the investment in 2009, on the back of strong growth it witnessed in India during 2007.
According to the company, the investment would go in new research and development, advertising and capacity expansion at its factories.
One of the largest API manufacturers in Asia, Aurobindo Pharma Limited, has secured final approval from the US Food & Drug Administration (USFDA) to manufacture and market Didanosine Delayed Release (Enteric-Coated) Capsules 125mg, 200mg, 250mg and 400mg.
Didanosine Delayed Release Capsules is the generic version of Bristol Myer Squibb's Videx EC (Didanosine) Delayed-release Capsules and is indicated for the treatment of HIV-1 infections in combination with other antiretroviral in adults.
Mumbai-headquartered Zicom Electronic Security Systems Ltd has bagged an order worth Rs 7.5 crore. The company has not disclosed the name of the buyer firm.
The contract involves supply, installation, commissioning and project management of wireless broadband outdoor surveillance system for Gurgaon on turn key basis.
Recently, company's board has approved raising up to $20 million funds, through issue of overseas convertible bonds, global depositary receipts or other instruments.
Oilfield services firm Aban Offshore has informed that it has entered into an agreement with Husky Oil for leasing its jack up rig 'Deep Driller 5' offshore for drilling operation in China. .
Two-wheeler maker Kinetic Motor has informed that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd to acquire 2.95 crore equity shares of the latter. 
Tata Power Company (TPCL), India's largest private sector utility power provider, has signed an agreement with State-run electricity major Damodar Valley Corporation 
Swiss FMCG firm Nestle has announced its plans to invest Rs 600 crore in its Indian subsidiary in calendar year 2009, as part of its business strategy. 
One of the largest API manufacturers in Asia, Aurobindo Pharma Limited, has secured final approval from the US Food & Drug Administration (USFDA) to manufacture and market Didanosine Delayed Release (Enteric-Coated) Capsules 125mg, 200mg, 250mg and 400mg.
Mumbai-headquartered Zicom Electronic Security Systems Ltd has bagged an order worth Rs 7.5 crore. The company has not disclosed the name of the buyer firm.
