business

Mahindra & Mahindra Xylo to Compete Toyota Innova

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Mahindra & Mahindra has invested Rs5.5bn in the Xylo project over a 4-year period. Xylo is positioned against the sedan (A3) segment customer. M&M management believes that given the Xylo’s superior product price proposition, it can convert the sedan customer to Xylo. We don’t agree – there might be some cannibalization from the Scorpio / … Read more Mahindra & Mahindra Xylo to Compete Toyota Innova

GMR Infra promoters raise stake to 74.10%

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GMR Infrastructure Ltd has informed FreePress that GMR Holdings Pvt Ltd (‘GHPL’), promoter and holding Company of GMR Infrastructure Ltd (‘the Company’) has purchased1,00,000 on January 09, 2009; 1,50,000 & 3,48,000 on January 12, 2009 and 1,00,000 on January 13,2009 Equity shares of Rs 2/- each [Total:6,98,000] through open market purchase in normal segment on … Read more GMR Infra promoters raise stake to 74.10%

Jubilant joins hand with BioLeap for drug discovery platform

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Jubilant Organosys‘ Bangalore based subsidiary Jubilant Biosys has formed an alliance with BioLeap, LLC, USA. The duo will combine BioLeap’s leading edge computational fragment based drug design platform with Jubilant’s know-how in chemistry, biology and crystallography for offering a valuable pre-clinical drug development platform. The said platform would provide customers services from lead identification and … Read more Jubilant joins hand with BioLeap for drug discovery platform

IDFC Projects signs two MoU with Gujarat Govt

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IDFC Projects, a 100% subsidiary of Infrastructure Development Finance Company has signed two memorandum of Understanding (MoUs) on January 13, 2009 at the Vibrant Gujarat Summit 2009. The company has signed an MoU with the Gujarat State Energy Company (GSECL), where IDFC Projects and Bharat Heavy Electricals (BHEL) will establish, a 1600 MW thermal power … Read more IDFC Projects signs two MoU with Gujarat Govt

Steel producers take export route to clear inventories

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Indian steel exports increased by 36% in December to help local producers clear inventories even as domestic consumption is witnessing a decline in wake of increasing slowdown in economic activity at home. International prices have finally been stable for some time now, which helped Indian exports pick up. India exported a total of 229,000 tonne … Read more Steel producers take export route to clear inventories