A group company of lighting solution provider Surya Roshni, Surya Global Steel Tubes (SGST) plans to establish a steel pipe manufacturing plant in Bhuj, Gujarat for Rs 400 crore.

Sundaram Industries and Japan’s Bridgestone Corporation have joined hands to produce anti-vibration rubber components for automobiles.

Shares of Orchid Chemicals have progressed by over 2.5% to Rs86 after the company declared that it got US FDA sanction for Divalproex Sodium.

The Reserve Bank of India (RBI) has granted the Foreign Institutional Investors (FIIs) to purchase, under Portfolio Investment Scheme (PIS), equity shares of McLeod Russel India through the primary market and stock exchanges in India up to 40% of the company’s paid-up capital.

RPG Group’s Spencer’s Retail is planning to enlarge its hyper marts chain to 400 with an investment of Rs 1,500 crore.

Essar Oil, a part of the Essar Group plans to endeavor into the LNG terminal business in India by establishing a Rs 4,000 crore LNG terminal in Gujarat.

Zicom Electronic Security Systems (Zicom) has bagged an order worth Rs 8.5 crore to apply wireless city surveillance. The company has signed a contract with Gurgaon police in this regard.

Kingfisher Airlines, a private airline is likely to launch its first non-stop Mumbai-London flight on January 9.

Due to the limitation in the IT and TECk sectors, the local market witnessed some instability in the pre-noon session.

United States Food & Drug Administration (USFDA) has tentatively approved Aurobindo Pharma for Perindopril Erbumine Tablets in dosages of 2mg, 4mg, 8mg and Eascitalopram Oxalate Oral Solution 5mg (base) / 5ml.