Sun Pharma plans its biggest buy in US
Sun Pharmaceutical is planning its biggest acquisition in the US to boost sales in the world’s largest pharmaceutical market. The buyout will help in expanding Sun’s capacity to sell generic medicines and enable company to gain control of manufacturing sites and sales networks. (Source: Business Standard)
Deccan Chronicle to merge Deccan Chargers, Odyssey with self
Deccan Chronicle will merge its wholly-owned subsidiaries IPL team Deccan Chargers and retail store chain Odyssey India with itself. The appointed date of the amalgamation is April 1, 2010, and is subject to the approval from the High Court of Andhra Pradesh. Since the transferor companies are wholly-owned subsidiaries, no fresh shares will be issued by Deccan Chronicle Holdings upon coming into effect of the scheme. (Source: Business Standard)
Asian Paints to form second joint venture with PPG Industries
Asian Paints will form a second new JV with US-based PPG Industries, besides expanding their existing JV in order to accelerate growth of non-decorative coatings business in India. As per the plan, Asian paints Limited (APL) and PPG will establish a second 50:50 JV. The second JV will service the protective, industrial powder, industrial containers and light industrial coatings markets. (Source: Business Standard)
Bajaj Auto to add 130 new dealers by June
Bajaj will add 130 new dealerships by June that will create about 7,000 new jobs. These new dealerships will commence temporary operations by March-end, with final operations commencing by June. (Source: Business Standard)
Godrej to double fatty acid capacity at Gujarat plant
Godrej Industries will double the production capacity for fatty acids from its plant at Valia in Gujarat, which will entail an investment of Rs 50 crore over the next 18 months. With the expansion, the fatty acid production capacity will be doubled at the plant. (Source: Business Standard)
No comments:
Post a Comment