Latest Announcements: 

First Corporate Deal for UIDAI
Yesterday in Mumbai, the UIDAI signed an MoU with Life Insurance Corporation of India, the country’s biggest insurer. The move essentially gives Aadhaar access to LIC’s database of over 20 crore customers and marks the first — and, I’m guessing, not the last — time UIDAI will sign such a deal with a major national company. Nilekani calls it a “significant milestone” and it’s one of the biggest steps taken so far to link the hundreds of major info databases in this country under the UID umbrella.
Orchid Pharma acquires US company Karalex
Drug-maker Orchid Chemicals and Pharmaceuticals Ltd is set to redefine its growth path, after the sale of its injectibles business to Hospira last year. As part of these efforts, Orchid has acquired the USbased generics marketing company, Karalex

Orchid Chem will now have front-end presence in the US
Orchid Chemicals' acquisition of the US-based Karalex Pharma holds strategic importance as the deal would provide it with a much-needed front-end presence in the US, the world's largest pharmaceutical market. The move nonetheless doesn't come as

Pharma tie-ups will lower prices
Over the past decade, Indian companies have acquired global companies overseas; likewise, in the last few years, global pharmaceutical companies have acquired a few Indian generics companies. These developments have stoked fears of a price rise

NCMSL to set up its own warehouses
After leasing warehouses from third parties to run its operations across the country in the last six years, the National Collateral Management Services Ltd (NCMSL), one of the leading providers of supply chain solution for commodities, is

JSW Energy, R Power acquire coal mines abroad
Reliance Power and JSW Energy announced on Thursday that they have bought stakes in overseas coal
Firms drop SEZ plans on slowdown, tax worries
The Board of Approval (BoA) for Special Economic Zones (SEZ) will consider 41 proposals on Tuesday for withdrawal or extension of formal approval, and for full or partial

Two disasters, two responses
The judgment on the Bhopal Gas tragedy comes at a time when the world watches how the US deals with an oil spill by BP

Australia offers to explain super profit tax to Indian firms
Australia has invited Indian companies that are scouting for mines here to join a consultation process to explain its proposed controversial “super profit'' tax on domestic mining

NTPC readies Rs 1.6 lakh cr war chest for next 5 years
NTPC has readied a war chest of around Rs 1.6 lakh crore for the next five years even as it closes in on a coal mine in Western Australia to source fuel for its power

MNC stocks shine on delisting hopes
The announcement by the Government about the minimum public holding, by way of an amendment in the Securities Contract Act (Regulation) Rules, generated some buying interest in certain multinational companies having public holding below 25 per

Agrocel Ind: A social enterprise in agriculture
Agrocel Industries Ltd (Agrocel) is a unique social enterprise operating in the agri-business space since 1988. Promoted by the Kutch-rooted Shroff family, Agrocel focuses on the twin objectives of commercial viability and social/environmental

AXA evolves new strategy for India biz growth
Insurance major AXA, which has a 26 per cent equity stake in Bharti AXA Life Insurance, has evolved a new strategy for growth in business in

Rayudu Vision to produce 5 animation movies at $25 m
Hyderabad-based animation production studio Rayudu Vision Media Ltd (RVML) plans to invest about $25 million (Rs 120 crore) to produce five animation movies in next five to seven years, according to Mr Harsha Pasupuleti, Line Producer,

Australian wine majors turn to India as they grapple with overcapacity, high costs
High costs and overcapacity are driving Australian wine majors to explore strategic partnerships and distribution network with Indian liquor 

Sri Krishna Developers to take up two realty projects
Sri Krishna Developers, part of the Hyderabad-based diversified Sri Krishna Group, with interests in retail, real estate development and infrastructure, announced two projects – one luxury residential complex with an investment of Rs 80

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