FreePress India

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 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, 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

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

Despite the ongoing economic slowdown, Indian telcos continue to expand rapidly. GSM players together added eight million new subscribers in the month of December, posting a growth of 3.25% in the month to reach 258 million users compared to 250 million users at the end of November 2008. Highest growth of 4.78% was achieved in … Read more 8 million subscribers opt for GSM in Dec-08

Gujarat NRE Coke, the country’s largest independent coke producer, at the Vibrant Gujarat Global Investors Summit 2009, Ahmedabad has revealed that the Group has plans of investing around Rs 3000 crore in Gujarat over the next 4 to 5 years. The major projects planned are additional 1 million tonne per annum met coke plant at … Read more Gujarat NRE unveils Rs 3000 crore investment plan in Gujarat