The consortium of Reliance Infrastructure and Hyundai Engineering is reported to have bagged a contract to connect Mumbai's Bandra-Worli sea link with Haji Ali at about Rs 1500 crore. The formal announcement is expected in a day or two.
Separately, Reliance Infrastructure has reportedly started negotiating with domestic banks to tie up funds for the second phase of the Mumbai Metro project, though it is yet to win the contract.
DLF Brands, the retail arm of India's largest listed real estate firm DLF, is reportedly winding up its joint venture with Italian leather and luggage accessories major Piquadro to open a chain of monobrand stores.
UBS has reportedly put its outsourcing centres -- in Poland and in Hyderabad -- up for sale. The Switzerland-based bank is reported to be in talks with Indian IT companies such as Infosys Technologies and Wipro. The centres are valued at around $200 million.
Elder Pharmaceuticals has reportedly signed an agreement with US-based MD Anderson Cancer Center to conduct human experiments for its newly discovered anti-cancer drug.
Emami is reportedly likely to merge its real estate business with Zandu Pharmaceutical Works, the herbal healthcare firm it acquired last year.
The board of Pyramid Saimira Theatre will meet on 26 June 2009, to consider raising funds through qualified institutional placement.