Suzlon Energy is expected to be in the limelight after the country's biggest maker of wind-turbine generators, said it has agreed to sell a 10% stake in unit Hansen Transmissions International NV to London-based investment company Ecofin.
Ranbaxy Laboratories has reportedly missed its December 2008 deadline to launch an anti-migraine drug as the US regulator is yet to give its approval.
Jindal Stainless has reportedly acquired chrome ore assets in the Middle East and Europe for $2 million. It has also formed a joint venture with a group of chrome ore miners in the UAE, in which it will hold a majority stake.
RBI has allowed FIIs to buy further shares of OBC as their holding falls below 18% limit
Infosys Technologies is reportedly looking at ways of increasing synergies with its BPO arm and is working on integration and business plans to maximise profits.
Carborundum Universal is reportedly planning to set up a new micro grits plant in Kochi at an investment of 620 million rupees to cater to the photovoltaic industry.
Moser Baer India will reportedly raise Rs 200 crore for its photovoltaic unit, from a group of investors to fund the expansion of its solar business.
Orchid Chemicals & Pharmaceuticals is reportedly awaiting US Food and Drug Administration nod for its anti-bacterial product Tazo-zip, which will be a key driver of its revenues.
The second stimulus package, to be announced shortly by the federal government to arrest an economic slowdown, will mainly cover the infrastructure, housing and commercial vehicles sectors and will be backed by a strong dose of monetary measures. However, there was not much scope for tax concessions, reports sugested.
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