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IIFCL eyes 50% rise in disbursals
With more infrastructure projects needing funds, India Infrastructure Finance Co (IIFCL) expects a 50 per cent rise in disbursals to Rs 4,900 crore in 2009-10. Last year, it had disbursed Rs 3,200 crore.

Markets raise eyebrows at DLF, Caraf deal valuations
The deal to integrate two of the country’s largest lease-rental entities, DLF Cyber City (a subsidiary of DLF) and Caraf Builders (majority owned by DLF promoters), hasn’t gone down well with the markets.

News of the day

SC pulls up Ranbaxy for delayed raising of refund issue
The Supreme Court has admonished drug major Ranbaxy Laboratories for not raising on the relevant occasion the issue of refunding Rs 1 crore penalty the government imposed on it for allegedly overcharging drug prices.
Public Relations

United Spirits acquires Tern Distilleries

United Spirits today acquired the entire share capital of Tern Distilleries (Tern) based in Andhra Pradesh for Rs 13.42 crore. Consequent to this acquisition, Tern has become a wholly owned subsidiary of United Spirits. - McDowell to use soccer platform for promoting rum brand - United Spirits Q2 net dips 25 per cent - United Spirits Q2 net down 25% at Rs 69 cr - Bagpiper punch for Diageo - USL raises Rs 1,615 cr in QIP; to repay debt - United Spirits raises Rs 1,615 cr through QIP Tern is engaged in the business of alcoholic beverages and has its manufacturing facility at Thallapalem in Visakhapatnam district.


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