± Gitanjali Gems Ltd, values nine of its major brands at Rs55.84bn.(ET)
± Efforts to finalise a US$2bnplus bid by India's GVK Power & Infrastructure for two Australian coal mines owned by Hancock Prospecting have been delayed due to differences over valuation.(ET)
± Mangalore Refinery and Petrochemicals Ltd.
will shut a 500,000 tonnes a year continuous catalytic cracker from end
September or early October for maintenance for 20 days. (ET)
± Jubilant Life Sciences
said it has received the US health regulator's approval for the launch
of Pantoprazole Delayed Release Tablets20 mg and 40mg. (ET)
± Shree Ganesh Jewellery has tied up with Bharti Retail's
'Easy Day' market format to market its Gaja Lites range of jewelleries.
The company is planning to triple its turnover from the retail segment
from Rs4bn to Rs12bn in the next two years. (ET)
± Expanding its footprint in Africa, Bharti airtel
will operate 2G and 3G mobile services in Rwanda for which it has
announced an investment of US$100mn in the next three years. (ET)
± Mahindra & Mahindra has launched a new model of its top-selling Bolero SUV, at a starting price of Rs0.63mn (BS IV in Delhi, ex-showroom). (BL)
± United Breweries
is setting up two greenfield breweries — one in Mysore and the other in
Patna — and also proposes to add capacity to several of its existing
breweries . Investments for new breweries are in the range of Rs1.5bn
per brewery and the total investment for the year is around Rs5bn. (BL)
