Cairn India on July 07, 2008 signed the `Petroleum Resources` agreement for the exploration license to explore oil and natural gas in the Mannar Basin with the Government of Sri Lanka.

Satyam Computer Services, a leading IT company, entered into a joint venture with Tyfone, a global provider of mobile financial services, infrastructure and fully-integrated mobile payment capabilities. The joint venture will help companies provide a greater edge while competing in the mobile financial service sector.

India Infoline group announced that it has received the in-principle approval for the insurance broking license from IRDA. The approval has been received by its insurance broking subsidiary, India Infoline Insurance Brokers.


Biocon is proposing to set up a new R&D entity for discovery and innovative drug development initiatives.


VVF, India`s leading producer of Oleo chemicals and personal care products, acquired a soap manufacturing plant from Henkel, a German-based global company in Poland.

Everonn Systems India signed an MoU with the Director of Higher Education, Himachal Pradesh State Government to implement IT education in 793 senior secondary schools across all 12 districts of Himachal Pradesh.