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Piramal Health to raise Rs 1,000 cr for acquisitions
Pharma company Piramal Healthcare today said it is looking for acquisitions in the fields of patented drugs, contract research and research molecules and will raise Rs 1,000 crore for this purpose.

IIM-A summer hiring keeps brisk pace on second day
Keeping up the pace at which companies converged on the campus on the first day of summer placements at the premier Indian Institute of Ahmedabad (IIM-A), the second day saw companies like Procter & Gamble, Hindustan Unilever, Coca-Cola, Nokia, Tata Administrative Service (TAS) and the Aditya Birla Group.

News of the day

Govt proposes to compensate 50% of CST losses to states
With the economic slowdown hitting the exchequer hard, the Centre today proposed that the states accept half of the compensation on account of their losses due to cut in the Central Sales Tax (CST) for the current fiscal.
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Pyramid to demerge two of its wings; to raise $100 mn

Entertainment firm Pyramid Saimira Theatre today said it will demerge two of its subsidiaries — Pyramid Saimira Content Distribution and Pyramid Saimira Production International — from itself. - PVR to invest Rs 100 cr in three years - Pyramid Saimira denies talks with Sun TV - Don"t count ADR, GDR to decide bank"s nationality: ICICI - US markets rally, indices hit new 2009 highs - Wall Street ends in green; Indian ADRSs mixed - Jaiprakash Hydro to raise up to Rs 1,500 cr to fund project The board has approved the demerger of Pyramid Saimira Content Distribution (distribution wing) and Pyramid Saimira Production International(production wing) from the parent company, Pyramid Saimira said in a filing to the Bombay Stock Exchange. Further, the board has also approved to raise $100 million by issue of Global Depository Receipts and Annual Depository Receipts, the filing added. Shares of Pyramid Saimira Theatre today rose 4.89 per cent to hit the upper circuit at Rs 25.75 on the BSE.


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