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Tuesday, February 24, 2015

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Piramal plans to invest $800 mn in realty projects
Piramal Fund Management Ltd, a unit of Piramal Enterprises Ltd, will invest up to Rs5000 crore ($803 million) before March 2016 to finance construction projects.
The fund manager said on Tuesday it would invest Rs1100 crore to finance nine construction projects across major Indian cities.

Budget 2015: To announce incentives for medical devices sector
After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers.
In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.

ABB India marks sales of 1Gw of solar inverters
ABB India today became the first company to reach sales of a cumulative capacity of 1Gw solar inverters. This was marked with the roll out of an order for Tata Power Solar's project for Kiran Energy Solar Power at its manufacturing facility at Nelamangala, about 45 kms from here.ABB India commenced local manufacturing of solar inverters in 2012 and partnered with several customers, the company said at a function, here today.

Ashok Leyland promoters release pledge on 26.4 crore shares
Ashok Leyland promoters have released pledge on 26.4crore (9.28% of equity) shares. The number of pledged shares now stands at 21crore (7.36% of equity). Sentimentally positive for the stock.

Infosys gains on fresh investment plans
As per media reports, Infosys  is about to make its second
startup investment this year, in a firm that makes air quality detectors as India's second-biggest software company doubles down on identifying next generation technologies under the new CEO Vishal Sikka.

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