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GAIL (India) Ltd seeks LNG from East African suppliers
On 26th February, 2014, GAIL (India) Ltd announced that it is seeking Liquefied Natural Gas (LNG) from East African producers to diversify its supply sources. “We are trying to spread our portfolio of LNG supplies geographically and indices wise (and) →
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CPPIB and Piramal Enterprises Limited announce a US$ 500m Strategic Alliance for Residential Development Debt Financing in India
On February 12th, 2014, CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and Piramal Enterprises Limited (PEL), one of India’s largest diversified companies, announced a strategic alliance for providing rupee debt financing to residential →
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Piramal Imaging Announces EU Approval of NeuraCeqTM (florbetaben 18F) for PET Imaging of Beta-Amyloid Neuritic Plaque Density in the Brain
On February 24, 2014, Piramal Imaging announced that NeuraCeq™ has received marketing authorization from the European Commission. NeuraCeq™ is a radiopharmaceutical indicated for Positron Emission Tomography (PET) imaging of beta-amyloid neuritic plaque density in the brains of adult patients with →
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Infosys to hive off products business
On 26th February 2014, Infosys announced its plan to hive off its products, platforms and solutions (PPS) business into a separate subsidiary at the beginning of the next financial year. The new division, called Edge Works, will have a three-tier →
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Bhel wins Rs 321 crore order for Hydro Electric Project in Punjab
On 26th February, 2014, Bhel said it has secured a contract for setting up 206 MW hydro electric power project in Punjab. The contract is valued at Rs 321 crore and is for setting up of hydro generating sets and →
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DLF Limited posts outstanding Q3 results
On February 14, 2014, DLF Limited, India’s leading real estate company, posted consolidated revenues of Rs 2,590 crore for the quarter ended December 31, 2013, an increase of 16% from Rs 2,225 crore in the second quarter of 2013. EBIDTA →
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DLF completes the sale of Aman Resorts to Adrian Zecha and Peak Hotels
On 9th February, 2014, DLF GLOBAL HOSPITALITY LTD (DGHL) a 100% step down subsidiary of DLF Ltd., announced that it has completed the sale of 100% equity stake in Silverlink Resorts Ltd. (SRL) to Aman Resorts Group Ltd. (ARGL). The →
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Cadila Pharmaceuticals ties up with NovaSAID of Sweden
On January 13, 2014, Cadila Pharmaceuticals announced it strategic partnership with NovaSAID AB to develop new treatments for inflammation and pain in conditions such as rheumatoid arthritis. NovaSAID is a company in Karolinska Development’s portfolio. The companies will collaborate around →
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NALCO’s Q3 2013 Net Profit rises 10%
On 29th January 2014, National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India,announced the results for the 3rd quarter ended December 2013. The registered net profit stood at Rs. 131 crore, up 10% from →
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NALCO announces the commissioning of its 2nd wind power project
On 1st February 2014, National Aluminium Company Limited (NALCO), A Navratna PSU, announced that its 2nd wind power project at Ludarva in Jaisalmer district of Rajasthan has been commissioned. The plant has a capacity of 47.6 MW. NALCO has successfully →
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