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Industrial solutions provider Honeywell Automation India on Tuesday said its promoter Honeywell Asia Pacific has sold 6.24% stake in the company for an estimated Rs 130 crore. In a filing to the BSE, the company said Honeywell Asia Pacific has offloaded 5,51,333 equity shares on December 14 according to Sebi’s directive to bring down promoters’ holding to 75%. Post this transaction, Honeywell Asia Pacific’s stake in the Honeywell Automation India will come down to 75% from 81.24%, it added.

Apollo to invest Rs 400 cr in 10 cancer, heart hospitals

Healthcare major Apollo Hospitals on Tuesday said it will invest R400 crore to set up 10 specialised hospitals in India by 2015 for treatment of heart diseases and cancer. “We will set up ten specialised hospitals at an investment of R40 crore per hospital. These hospitals will be operational by 2015,” Apollo Hospitals Group chairman Prathap Reddy said. Out of the total, five will be focused on treatment of heart diseases and the other five on cancer treatment. These will be in addition to the group’s plans of adding 2,000 beds.

S Korea’s Doosan Heavy wins $560-m order in India

Doosan Heavy Industries & Construction said on Tuesday it won a 600 billion won order from NTPC to provide two boilers for use at a power plant in Chhattisgarh, India. The South Korean company said in a press release it plans to supply the boilers by 2016.

Renault India to hike prices from January

Renault India on Tuesday announced a price increase

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