Company Updates

Aegis Logistics Board Approves Arrangement Scheme

At its boardAegis Logistics Limited meeting, Aegis Logistics directors of Aegis Logistics

FDA Permits Sale Of Ranbaxy's Drug for Diabetes Cure in the US Market

Ohm LaboratoriesMumbai: Ohm Laboratories, Ranbaxy’s US subsidiary has received the US Food and Drug

Ashok Leyland Plans to broaden its Ashley Transport Services

Ashok Leyland Ltd.Chennai: Ashok Leyland, the Hinduja Group's flagship company and biggest truck financing company Shriram Transport Finance Company have signed up a strategic affiliation contract to regenerate the services by its group company Ashley Transport Services.

Cadila Healthcare down after news of Spanish Takeover

CadilaCadila Healthcare lost 3.65% to Rs 337 tracking powerless international market, regardless of reports it is near to getting hold of a mid-sized Spanish pharmaceutical company for $30 million.

In the meantime, the BSE Sensex was down 349.87 points to 14,751.23, chasing after fresh setback in worldwide markets. Asian stocks collapsed across the board as credit jitters erupted after France’s largest listed bank BNP Paribas on 9 August, blocked three funds, which invested in US subprime mortgages.

There were 5276 shares of the scrip for trading on the BSE counter, and the average daily volume of the stock stood at 24,996 shares in the last one quarter.

BHEL Electrifies On Heavy-Duty Order

Bharat Heavy ElectricalsBharat Heavy Electricals (BHEL) climbed up 3.42% to Rs 1771 on reports that it gained Rs 2900-crore agreement for constructing three 500-megawatt units in northern India.

In the meantime, the BSE Sensex was up 175.78 to 15,483.76 chasing firm international markets. Asian stocks also jumped accompanying a third session of gains on Wall Street, as troubles about worldwide credit problems continued to relieve.

Fund Raising Plan Spurs Godrej Consumer Products To New Highs

Godrej ConsumerGodrej Consumer Products Ltd Products climbed up 3.24% to Rs 140.20 o