Power Finance Corporation is likely to buy 7% stake at a cost of Rs 17.5 million in the Power Exchange India (PXI),

Sterlite Technologies, a leading global provider of wire and cable solutions for the power and telecom industry, announced it had won contract from Power Grid Corporation of India (PGCIL). The contract, which are for Sterlite`s ACSR Moose power conductors, are worth a total of Rs 2.54 billion.

Ranbaxy, India`s largest drug maker, said its pharmaceutical products including the HIV/AIDS drugs produced at its Dewas and Ponta Sahib plants are safe

Titan Industries has signed a long-term agreement with Hamilton Sundstrand to manufacture high precision components for a host of units that are deployed in commercial aircraft,