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Latest News : 

Latest News

RIL ups stake in EIH, may go for open offer : 

Reliance Industries Investment and Holding, has picked up an additional 0.68% in the company on August 31. Reliance's investment arm has a 14.80% stake in EIH almost equaling the shares to ITC. EIH has been under a takeover threat from rival ITC this whole decade. RIL ups stake in EIH, may go for open offer

Contd. : 

The investment of ITC has appreciated by over Rs 600 crores. Analjit Singh has lost his interest in EIH and had reduced his stake in EIH from 7% to 4% early this year. Max Group chief holds his stake in EIH through two of his investment firms Pivet Finance (2.18%) and Gaylord Impex (1.54%). Contd.

India signs deal for Harpoon Block II missiles with US : 

India has signed an agreement with the US government to purchase 24 Harpoon Block II missiles for its Jaguar strike aircraft. The deal is expected to be worth about $170 million. The Harpoon Block II is the latest version of the subsonic missile and is able to strike land-based targets and ships. India signs deal for Harpoon Block II missiles with US

Videocon brings 1p/sec ISD calls : 

Videocon Mobile announced that one paisa per second billing for ISD calls. The company introduced a one-paisa-per-second calling voucher for US and Canada priced at Rs 57 with 30 days validity. In another scheme, customers can make calls to Singapore and Malaysia for Rs 1.69 per minute; and to the US and Canada for 99 paisa / minute with a Rs 22 calling voucher. Videocon brings 1p/sec ISD calls

Cipla looks to acquire 25% stake in South African co : 

Cipla can take a decision to buy stake of up to 25 per cent in a unit of S A-based, Cipla Medpro. Cipla Medpro is a partner of the Indian firm and is the third biggest drugmaker in South Africa. Cipla's board approved to acquire domestic pharma company Meditab Specialties for Rs 133.35 crore. Cipla looks to acquire 25% stake in South African co

Honda may sell stake in Hero Honda; stock plunges : 

Honda may sell 20 per cent stake in Hero Honda to the Munjals. The Munjal family -- would buy out 20% while KKR would buy the remaining six percent. The stock fell around 7 per cent once the news was declared. Honda may sell stake in Hero Honda; stock plunges

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