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Popular Articles

Foreign pharma firms likely to beat Indian ones in developing vaccine
Despite the best efforts of Indian vaccine makers to develop the H1N1(swine flu) vaccine, Swiss drug major Novartis and Australian vaccine maker CSL may be the first ones to bag the orders from the central government for its supply.

Maruti expects 10% growth in 2010; unveils concept MPV
The country"s largest carmaker, Maruti Suzuki, today said it expects sales to grow around 10 per cent in 2010.

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Quality norms for steel utensils soon
The fragmented Rs 30,000-crore stainless steel utensil industry will, for the first time in India, get a quality benchmark soon to manufacture food- grade kitchenwares for domestic supply and exports.
Online Business

Shree Renuka at new 52-wk high on overseas acquisition

The stock touched a high of Rs 233 and finally settled 4% higher at Rs 228. The counter clocked volumes of 1.93 million shares on the BSE. _________________________________________________ Jan cement sales in high double-digit (Updated at 1006hrs) Shree Renuka Sugars has gained in opening trades following acquisition of Brazilian firm. The stock opened at Rs 222 and surged over 3% to a new 52-week high of Rs 225. It is now trading with a gain of 2.3% at Rs 224. Around 112,461 shares have changed hands at the counter so far. The company has acquired Brazil"s Vale Do Ivaí SA Açúcar e Álcool (VDI) at an enterprise value of $240 million (Rs 1,112 crore). This is the first overseas acquistion by an Indian sugar company and comes at a time when sugar companies are looking for opportunities abroad, partly due to restrictions on undertaking farming directly.


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