Bennett Coleman & Co Ltd. (BCCL), media conglomerate and the publisher of English daily ‘Times of India’, has picked 26% stake in Manhattan Communications (India) Pvt.

Packaging material maker Essel Propack Ltd (EPL) has announced the acquisition of US based Medical Engineering & Design (MED Inc.) a supplier of specialized disposable medical devices.

Tata chief, Mr. Ratan Tata expressed hope that Nano would hit the roads as per its schedule. He said that the company is trying its best to complete the task in time.

He maintained that all the hurdles would be removed and mass production of Nano would begin very soon.

The statement by Tata in the sidelines, at the annual convention of the Society of Indian Automobile Manufacturers, raised hopes of resumption of work at Singur. The company is facing stiff opposition in Singur by opposition parties of Bengal.

State-run gas company, Gas Authority of India Ltd. (GAIL) is planning to raise the capacity of its Pata petrochemical plant. The capacity would be increased to 800,000 tons in next few years.

The plant has a capacity of 410,000 tons per annum at present. GAIL Chairman and Managing Director, U D Choubey said that the Pata plant in Uttar Pradesh would be expanded by setting up a mega petrochemical plant alongside the existing plant.

Moser Baer India Ltd said that its wholly-owned photovoltaic subsidiary has raised Rs 411 crore. The group of companies such as Nomura, CDC Group, Credit Suisse, Morgan Stanley, IDFC PE and IDFC are acquiring a 6.5% stake in the company to collect funds for Moser Baer.

The largest utility company of India, Tata Power has bought 11.4% equity stake in Australian firm, Geodynamics. Tata Power is a biggest private company which generates a huge amount of electricity, while Geodynamics is a geothermal energy company.

Geothermal power is generated from the heat stored below the surface of earth. Tata Power’s investment in Geodynamics amounted to A$44.1 million (about Rs165 crores).