India`s largest defense electronic company Bharat Electronics (BEL) and engineering major Bharat Heavy Electricals (BHEL) are in the process of finalizing a joint venture (JV) to tap the huge potential in the solar energy sector.


Reliance Industries (RIL), India`s largest private company and also the largest polyester manufacturer in the world has dropped its plan to acquire Unifi Kinston, the polyester manufacturing subsidiary of US based polyester-maker Unifi,


Great Offshore has signed definitive agreements for acquisition of 100% equity stake in two Companies, KEI-RSOS Maritime (KEI) and Rajamahendri Shipping & Oilfield Services (RSOS) which are based at Rajahmundry and Hyderabad (AP) respectively. Great Offshore will pay an aggregate consideration of around Rs 1.60 billion. The Transaction is on an all cash basis and is expected to close within 2 months.

Bartronics India has received the DESFire Certification for its Mifare cards. The company has now become one of the few global manufacturers to be certified by Arsenal Research for DESFire.