The state-owned Shipping Corporation of India has been running as the focus after the company has filed for the follow-on public offer (FPO) with the stock market regulator Securities & Exchange Board of India.

According to the plan carved out by the company, the government will be eying to shed close to 10% stake in the company while the company will be issuing 10% fresh equity as well/on the other end, the board of Uflex has recently met with a view to review to status of the rights issue of the company and to discuss other important matters of the company.

While handful of business associates of Bhupendra Kansagra, the SpiceJet founder have recently agreed to sell close to 7.7% stake in the airline carrier to the new owner Kalanidhi Maran, the Sun TV founder, Pfizer has recently filed a second lawsuit against Lupin in the US.

The bottom of the lubricant maker Castrol filed a rise of 22.28% at Rs. 116.90 crore by filing a rise of 14% in the net sales in the Quarter ended September 2010 over the same quarter last year.