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Fortis to buy Wockhardt assets for $187 mln

Wockhardt: Scaling new highs
At a time when equities, currencies and commodities are losing ground, Wockhardt's stock has delivered amazing returns which are praiseworthy given that, not long ago, the company was in the doldrums. On Thursday, the stock scaled to its all-time high of Rs 825 on the Bombay Stock Exchange before closing at Rs 787.4. Since the beginning of 2012, it has gained 180 per cent, including 18 per cent over

Bonfiglioli plans 2nd plant in Chennai
Bonfiglioli India, a wholly-owned subsidiary of Italy-based Bonfiglioli Group, is planning to set up its second manufacturing plant at Mannur near Chennai with an investment of around Rs 150 crore.

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Low demand, high input cost hit pig iron makers

Pig iron producers have come under pressure due to poor demand from foundries and high cost of raw materials like iron ore. This may lead the prices to stagnate at current levels till July-end,

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Soft drink majors raise prices

With the summer approaching, the prices of soft drinks are soaring. The two leading players in the soft drink industry, Coca Cola and PepsiCo, had already raised prices of their 600 ml pet bottles of

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Posco may use Paradip port for raw material import

A six-member committee, consisting of three members each from Posco India and Paradip Port Trust (PPT) authorities will be constituted to examine feasibility of raw material imports by the South

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Rubber body seeks removal of anti-dumping duties

The All India Rubber Industries Association (AIRIA) has sought removal of anti-dumping duties on import of raw materials stating it was making the industry uncompetitive. It also demanded an

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