Videocon is in negotiation with Japanese majors Mitsui and Hitachi to set up a logistics company in a joint venture for supporting its retail operations

Spice Energy, is planning to raise USD 300 to 400 million from global depository receipts (GDR) issue by the second week of August The proposed GDRs will be listed on the Luxembourg Stock Exchange and the issue proceeds will be used for setting up its 1,000 megawatt (mw) thermal power plant in Tamil Nadu.


Anil Dhirubhai Ambani Group (ADAG) is looking for acquisition for starting its cement business, much before it completes its 4,000-Mw mega power project at Sasan in eastern Madhya Pradesh, which is to provide the fly ash that is used to make cement, The company has initiated negotiations with various small and medium companies through a merchant banker for the acquisition. ADAG has also appointed Anil Singhvi as a vice-chairman for Reliance Natural Resources which will set up the cement business. Earlier Singhvi served Ambuja Cements as a managing director.


JSW Steel will explore the possibility of importing iron ore from its mine in Chile and sell it in the local market,


Sical Logistics is planning to foray into air freight business through acquisitions,

RPG Group will invest close to Rs 1.6 billion in its specialty retail business, especially in Music World and bookstore chain Books and Beyond, in the next two years

the joint venture (JV) between Punj Lloyd and Swissport International, is believed to be in talks with National Aviation Company of India (NACIL) for undertaking its ground handling work

Ranbaxy selling adulterated medicines in US market

The US government has placed serious allegations against Ranbaxy Laboratories

The US department of justice (DoJ) has said there are evidences which suggest that Ranbaxy used active pharmaceutical ingredients (API) from unapproved sources, blended unapproved API with approved API, and used less-than-approved API at its Paonta Sahib (Himachal Pradesh) plant in its drugs. Using this, the company has sold subpotent, super potent or adulterated medicines in the US market.

APIs are raw materials used for manufacturing medicine.

The DoJ also said contrary to the stipulation of manufacturers using approved sites, evidence suggests that Ranbaxy manufactures products at other plants and obtains API from unapproved sources.

Era Infra Engineering has bagged order from Bharat Heavy Electricals (BHEL) worth Rs 955 million approximately.

US places allegation on Ranbaxy

US government placed serious allegations against Ranbaxy Laboratories.

The US department of justice (DoJ) has said there are evidences which suggest that Ranbaxy used active pharmaceutical ingredients (API) from unapproved sources, blended unapproved API with approved API, and used less-than-approved API at its Paonta Sahib (Himachal Pradesh) plant in its drugs. Using this, the company has sold subpotent, super potent or adulterated medicines in the US market

ArcelorMittal`s India plants are making good progress and are scheduled to start operations by 2012.


Bharat Heavy Electricals (BHEL) has bid for a locomotive manufacturing facility in Europe,

Oil & Natural Gas Corporation (ONGC) may possibly buy an equity interest in the UK-based Imperial Energy Corporation.

Phoenix Mills has inked a historic deal with Adlabs Cinemas for the country`s largest multiplex cinema at its Kurla project `Phoenix Market City`

TTK Healthcare will be held on July 25, 2008, to consider buy back of equity shares of the company and unaudited financial results (provisional) of the company for the first quarter ended June 30, 2008.


Gemini Engi-Fab, engaged in manufacturing and salvaging of process equipments, filed the draft red herring prospectus (DRHP) with market regulator, Securities and Exchange Board of India (SEBI) to tap the capital market with an initial public offering (IPO) of 5.50 million equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

AV Birla to enter broking business with Rs 2.8 billion acquisition of Apollo Sindhoori Capital Investments (ASCIL), ASCIL clarified the company is in discussion with potential strategic and financial investors including A V Birla to bring in additional investment.

Madhucon Projects, a premier infrastructure development company has bagged an engineering procurement and construction (EPC) contract of Rs 9.89 billion under international competitive bidding (ICB) for setting up of thermal power plant of 2 x 135 MW (mega watt) coastal based thermal power project at Tamminapatnam and Mommidi villages at Chilakur Mandal, Nellore district, Andhra Pradesh.


Tata Steel company is looking at acquiring an iron ore mine in Western Australia.