Company News

IFC All Set To Make Investment In Chinese Firm Honiton Energy

IFC All Set To Make Investment In Chinese Firm Honiton EnergyThe International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide both equity and debt to china-based wind energy developer, Honiton Energy Caymans Plc.

The Tanti Group, promoters of India's top wind turbine maker Suzlon Energy Ltd, holds a 23.6% equity stake in Honiton Energy.

Honiton Energy plans to build up about 1,600 MW of wind energy capacity by the next three years (2012) in China's Inner Mongolia region.

Jubilant Organosys ties knot with Orion

Jubilant Organosys ties knot with Orion Pharmaceutical company Jubilant Organosys on Thursday said it has joined hands with a Finland-based firm Orion for the discovery of drugs.

The company stated in a release, that its two subsidiaries Jubilant Biosys Ltd (Bangalore based) and Jubilant Chemsys Ltd (Noida based), has entered into a pact with a Finland-based firm Orion.

Under this "Hybrid & Integrated" arrangement, Orion will have the option of utilizing resources flexibly from both Jubilant Biosys Ltd and Jubilant Chemsys Ltd based on the requirements of its drug discovery projects.

Bharti Airtel launches ‘IndiaOne Offer’, call US @ 1 cent/min

Bharti Airtel launches ‘IndiaOne Offer’, call US @ 1 cent/minIn order to take the lead in offering the best value for US to India calling, Bharti Airtel, Asia's leading integrated telecom services provider, on Thursday launched the never before calling rate of 1 cent a minute on its online calling card service airtelcallhome. com, with the name of IndiaOne offer.

Aircel launches GSM services in Mumbai

Aircel launches GSM services in MumbaiAircel, the telecom player in India, with majority stakeholder Malaysian telecom major Maxis Communications, has announced the launch of its GSM mobile services in Mumbai.

With a subscriber base of over 1.8 lakh, Aircel, the fifth largest service provider, rolled out its 17th circle in Mumbai.The company has launched GSM services around 6 circles within past two months.

According to a report, the company has invested over Rs 550 crore for launch of services in the Mumbai circle.

Debt-ridden Unitech intends raising Rs.1,250 crore by way of QIP

UnitechAccording to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.

An unnamed company official said that the funds, likely to be raised by the end of this month, would help the company cut its debt by Rs 1,000 crore by June this year.

First phase of Nano bookings begins

Tata NanoThe first phase of bookings for the Rs. 1-lakh 'dream car' Tata Nano began on Thursday, April 9, with crowds thronging the Tata Motors showrooms, and specially-opened booking counters in banks, including State Bank of India, which is Tata Motors' key partner in selling and receiving the booking forms.

The forms, costing Rs. 300, are also available at Tata Indicom centres, Titan showrooms, Westside and Croma stores. The booking for the wonder car - which can also be done online - will close on April 25.

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