Tata Group on July 31, 2008 (Thursday) has given up its ambitious USD 3 billion investment plans in Bangladesh that included a steel mill and power plant as of no prospects in the country further.

IVRCL Infrastructures & Projects (IVRCL) bagged order worth Rs 3.58 billion from the Irrigation & CAD department of Andhra Pradesh.

Infosys Technologies, India`s second biggest software exporter, launched ShoppingTrip360 to help retailers and consumer packaged goods (CPG) companies achieve visibility into in-store activity. ShoppingTrip360 is a platform that enables a suite of managed-information services to create a 360-degree view of real-time in-store shopper and shelf activity.


Sintex Industries, a market leader in the plastic and textiles segment, today announced that through its wholly owned subsidiary Sintex Holdings B.V., Netherlands, acquired 90% stake in holding assets of Geiger Technik GmbH (Garmisch-Partenkirchen, Germany) for Euro 35 million. Geiger family will continue to hold 10%. This acquisition will assist the company to further enhance its presence in the European Market


French auto major Renault has invited Bajaj Auto to pick up stake in Renault Nissan Automotive India (RNAIL), which is setting up a USD 1 billion greenfield plant in Chennai, reports Economic Times.

ONGC Videsh (OVL), the overseas arm of state-run Oil and Natural Gas Corp (ONGC), is at an advanced stage of takeover talks with London-listed Imperial Energy and may make a price offer soon,

The government is considering selling stake in Axis Bank through Qualified Institutional Placement (QIP),The government is planning to sell over 21% of Axis Bank`s equity held on behalf of the government by the SUUTI to a broad-based set of investors.

Civil contractor Unity Infraprojects bagged a contract worth Rs 920 million from Flagship Infrastructure (P)

Dr Reddy`s acquires stake in Perlecan Pharma

Dr Reddy`s acquires stake in Perlecan Pharma