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RINFRA’S 10TH ROAD PROJECT NOW OPERATIONAL
On February 24 2014, Reliance Infrastructure Limited (RInfra) announced the completion of the Trichy-Karur road in Tamil Nadu, undertaken through its Special Purpose Vehicle (SPV) TK Toll Road Pvt Ltd. This is RInfra’s tenth road project, which has achieved full →
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Reliance announces acquisition of Spectrum in the 1800 MHz band in the auction conducted by DoT
Reliance Jio, a subsidiary of Reliance Industries Limited, announced on 14th February 2014, that it has won the right to use spectrum in 14 key circles across India in the 1800 MHz band. In the recently concluded spectrum auction conducted →
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BIRLA CORPORATION Q3 NET SALES UP 15%
Birla Corporation Limited, the flagship Company of the M P Birla Group and cement major, announced its third quarter’s results on 9th February, 2014. The company had dispatched 18.08 lakh tons of cement against 15.52 lakh tons in the corresponding →
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BEML ROLLS OUT 136th METRO CAR
On 21st February 2014, BEML, the only Public Sector to manufacture metro cars in India, announced that it has successfully rolled out its 136th Metro Car. The same will be for the Delhi Metro Rail Corporation Limited (DMRCL), for deployment →
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US FDA approves AstraZeneca’s orphan drug MYALEPT™
On 25th February 2014, AstraZeneca announced that it’s orphan drug MYALEPT™ (metreleptin for injection) has been approved by the US Food and Drug Administration (FDA). It is an adjunct to diet as replacement therapy for the treatment of complications of →
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Ranbaxy Laboratories suspends drug ingredients shipment from 2 plants
On 25th February, 2014, Indian drugmaker Ranbaxy Laboratories Ltd stated that it has suspended all shipments of pharmaceutical ingredients produced at the Toansa and Dewas plants. The step was taken to review processes and controls. Following quality concerns, the shipment →
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TCS to manage global IT infrastructure for Diageo
On 20th February, 2014, Country’s largest software services firm TCS said it has bagged a global IT infrastructure management deal from Diageo, a leading premium drinks maker. Tata Consultancy Services (TCS) will manage Diageo’s global IT infrastructure, data centres and →
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ITC to take on Nestle, PepsiCo , Amul and HUL with dairy products & non-carbonated drinks
On 20th February, 2014, ITC announced its plans to foray into non-carbonated beverages and dairy businesses next fiscal to establish itself as one of the largest food companies in the country.The Kolkata-based tobacco-to-hospitality conglomerate is developing products in categories such →
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Bharti Airtel loses $3 billion case in Nigeria
On 20th February, 2014, media reports announced that Bharti Airtel’s Nigeria unit lost a legal battle against Econet Wireless. Bharti Airtel will now have to pay up $3 billion to Econet Wireless, even as it has the option to move →
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Government clears GlaxoSmithKline’s Rs 6,400 crore FDI proposal
On 20th February, 2014, the government cleared Rs 6,400 crore FDI proposal of global healthcare company GlaxoSmithKline to acquire additional 24.33 per cent stake in its India arm. The Cabinet Committee on Economic Affairs ( CCEA) has approved the proposal →
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