BUY AND HOLD "BERGER PAINT"
± Reliance Infrastructure subsidiary BSES Yamuna Power Ltdon Tuesday said it has tied-up with Larsen & Toubro to provide electricity leakage detecting devices at discounted price to consumers. (ET)
± In a bid to tap India's fast-growing water distribution segment, France's Saint Gobain, is in talks to acquire the pipes division of Electrotherm (India). (ET)
± Ranbaxy Laboratories
has started discussions with Ind Swift to source raw material to make
low-cost version of the world's largest selling drug, Lipitor which it
to roll out in the US by November end. (ET)
± The bottomline of State Bank of India and Standard Chartered Bank
could be buoyed by Rs2.6bn and Rs3.46bn, respectively, in the September
quarter as the Custodian dealing with the 1992 securities scam has
secured the Special Court's order to release the money to them. (BL)
± Biocon has commenced work on its Malaysian biopharma manufacturing facility, which is expected to be operational by 2014. (BL)
± Chennai Petroleum Corporation Ltd,
which runs a 0.5-million-tonne, mini refinery near Nagapattinam, has
entered into an agreement with Karaikkal Port Pvt Ltd for bringing in
bigger crude carriers. (BL)
± Bank of Baroda has hiked deposit rates in select maturities by 25-50 basis points with immediate effect. (BL)
± Tata Steel
has announced completion of its £2mn investment at its Dudley plant in
the West Midlands in the UK for upgrading its hot-rolled strip
processing capabilities. (BL)
