Jindal Steel and Power Ltd said it would invest $2.1 billion in Bolivia over the next five years to set up a steel plant of 2 million tonne, a pellet plant, a sponge iron plant and 450 mw power plant. Full story
In the first-of-its-kind deal in the biological molecules space, Mumbai-based Glenmark has purchased two new biological entities from Swiss company Chromos Molecular Systems for an undisclosed sum. Full story
Pawan Ruia is struggling to keep the Sahagunj unit of Dunlop India running. He restarted production at the factory last month amid allegations that lack of working capital was hurting operations, and is yet to resolve the issue. Full story
Tata Consultancy Services, the largest Indian IT company in terms of sales, is also the top employer in the country with a workforce of 95,000 employees as on June 30, 2007. Full story