Sebi allows Raju to go ahead with Sri Vishnu offer
The Securities & Exchange Board of India (SEBI) has allowed BV Raju to go ahead with his open offer for picking up 20% stake in Sri Vishnu Cements at Rs 100 per share. The market regulator has at the same time decided to launch investigations on whether the previous deal of transfer of 39.5% shares of Raasi Cements to a clutch of nine investment companies was in violation of the takeover code.

Hindustan Motors' Lancer model hits the road
Hindustan Motors' premium segment car, the Lancer rolled out of its Tiruvallur factory premises near Chennai on Friday. The car plant which was set up in a record time of one year had commenced production in April, though customer deliveries would start from October.

Cipla to seek shareholder nod to buy back shares
Mumbai-based Cipla Ltd is moving an enabling resolution to facilitate the buy back of its shares at its forthcoming annual general meeting. Shareholder approval is being sought in anticipation of an amendment to the Companies Act, 1956, permitting the buy back of shares.

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