GMR to see $200 million investment from Temasek

GMR to see $200 million investment from TemasekIndian infrastructure company, GMR Infrastructure is going to receive as much as $200 million as investment from Singapore's Temasek Holdings.

The agreement was reached on Friday and the Singaporean state investor is going to put this money into the power business of GMR. With this, it will expand its generation capacity as well.

Temasek has taken this decision looking at the huge potential and relatively very less competition in the Indian power sector.

Quality health care assured for TN residents

M-KarunanidhiTamil Nadu government has ensured to provide a quality health support to residents, a report from the Chief Minister M Karunanidhi confirms the same.

CM quoted, "There are no two opinions on the state being a leader in providing quality health care to the people. The Kalaignar insurance scheme launched in 2009 is the jewel in the crown of the DMK's four year rule".

Nufarm shareholders show huge response to Sumitomo offer

Nufarm shareholders show huge response to Sumitomo offerNufarm Ltd., an agricultural chemicals firm, said today that the tender offer from Japan based Sumitomo Chemical Company Ltd. has received a huge response by its shareholders. The company said that it had received acceptance of 81.45% of the total shareholders in favor of the offer for 20% stake in the company.

However, Nufarm said that the offer has now become unconditional as it had opened on March 12 and closed on April 9, 2010.

Search operation begins for tracing people affected by radiations in Mayapuri

Bhabha-Atomic-Research-CentreRecently, a scarp was discovered in Mayapuri area which generates gamma radiations. Scientists from Bhabha Atomic Research Centre (BARC) and experts from National Disaster Management Authority (NDMA), along with Delhi Police had begun a search operation to trace the people who had visited Deepak's shop in the past two weeks. Experts hold opinion that there can be more people who had been affected by radioactive waste.

CBH Resources receives new takeover offer from Nyrstar

CBH Resources receives new takeover offer from NyrstarCBH Resources Ltd., producer of zinc, lead and silver in Australia, said today that the company had received whole new takeover offer from Nyrstar NV after the close of the market on Friday last week. Nyrstar NV, a zinc producer of Belgium, now offered 19.5 cents per CBH share and $1,000 for every convertible note.

CBH board has rejected the previous bid of Nyrstar in March and advised its shareholders to accept the offer of Toho Zinc.

Cerberus Capital to buy out DynCorp International

CerberusCapital-DynCorpPrivate equity firm, Cerberus Capital Management LP, is going to buy out DynCorp International Inc. The total amount involved will be $1 billion.

The announcement was made by DynCrop after looking into the deal for over a month and also waiting for a better suitor.

DynCrop is into the business of logistics, which is currently showing good growth figures. It also provides technical and professional services in the field of base operations, drug eradication, law enforcement and security.

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