In order to strengthen its functioning by next four years (2011), Chennai-based Nippon Paint has decided to make an investment of Rs 430 crore in the Indian market.

Jain Irrigation Systems Limited (JISL) has acquired 69.75% stake in Switzerland-based Thomas Machines S.A., with full management and operational control.  

Apollo Group of Hospitals along with Mauritius-based British American Investment (BAI) would establish a 200-bed multi specialty tertiary care hospital in Mauritius.

British American Hospitals Enterprises Ltd, a joint venture company formed by the British-American Investment Co. and Apollo Group was set in motion to execute the project.

The new Apollo Bramwell Hospital in Mauritius will be set up with a total investment of $70 million having debt-equity proportion of 1.25:1.

US car-maker Ford is likely to settle down the transaction with the India-based conglomera

Hindustan Unilever (HUL) has made announcement about the major changes in the Management Committee of the company.

The company has nominated Nitin Paranjpe, currently Executive Director, Home & Personal Care, as the new Managing Director and CEO of the company.

The recent declaration makes the 44 years-old Paranjpe, the youngest CEO & MD of the country’s biggest FMCG company.

Douglas Baillie, now MD and CEO of HUL, has been brought up to join the Unilever Executive as the President, Western Europe.

A global IT solutions provider NIIT Technologies announced that the company has signed up a share purchase agreement with Softech GmbH.

Under the agreement, NIIT Technologies will buy 100 percent share capital of Softec GmbH.

Softec GmbH is German-based Company providing IT solutions in airlines revenue accounting. The company also holds a major market share of about 40 small to medium airlines within Europe, Africa and Asia.