The Daiichi deal will help the company emerge as a global research firm, says the Ranbaxy management, reports CNBC-TV18. Ranbaxy is expected to become a subsidiary of Daiichi. Daiichi will fund the stake buy via internal accruals and debt, added the Ranbaxy management
Transaction Tax will be hiked and new tax going to be implemented to the fiis soon by sebi tonight,becareful,this news is confirmed .take your own steps,if you feel this is rumour then just ignore it
Reserve Bank of India has bought 8.40 per cent, 2025 oil bonds worth Rs 955 crore at a yield of 8.75 per cent from Indian Oil Corporation through special open market operations, according to a company executive. The oil marketing company has been selling 2025 oil bonds since Thursday. The central bank had bought Rs 945 crore of the 2025 oil bond at 8.61 per cent on Friday, compared with 8.75-8.76 per cent this week. Through special open marketing operations, RBI makes outright purchases or repurchases of oil bonds from state-run oil marketing companies and provides dollars through a designated bank. State-run oil refiners will get dollars at the central bank's reference exchange rate
Petronet LNG is now also diversifying into different segments like power, port development etc., which is expected to generate value over a period of time. The company has received in-principle approval from its Board for a 1,200MW gas based power plant at an investment of over Rs.3,000cr. The plant is expected to be 10% more efficient as it will harness the cold energy from re-gasification. Petronet’s Kochi expansion is on-way and is expected to commence operations by early 2012. The company has also invested around Rs150cr for a Solid Cargo port project at Dahej
