Leading ICT company Wipro opened its Australian Development Centre in Melbourne on Tuesday, expanding its Victorian operations and bringing 100 jobs to the state. Premier John Brumby officially opened the centre and said it added to the states impressive track record in attracting investment. According to an official release from the Australian High Commission in New Delhi, the opening follows visits to the companys Indian offices by Mr Brumby in September last year and ICT minister John Lenders in February this year.
Forster is Tata Motors MD
Tata Motors on Tuesday said that Carl Peter Forster has been appointed managing director of the company from April 1, 2010. He is also the group CEO responsible for Tata Motors operations globally, including Jaguar Land Rover.
Ramky plans IPO
Ramky Infrastructure Ltd is planning to enter the capital market with an initial public offering of equity shares aggregating up to Rs 530 crore, consisting of a fresh issue of up to Rs 350 crore by the company and an offer for sale of up to Rs 180 crore. The company has filed its draft red herring prospectus (DRHP) with Sebi.
NSDC appoints Chenoy
The newly formed National Skill Development Corporation (NSDC) appointed Dilip Chenoy, director general of the Society of Indian Automobile Manufacturers (Siam), as its CEO cum managing director.
Avantha files DRHP
Avantha Power & Infrastructure Ltd, part of the Avantha Group, has filed its draft red herring prospectus with the Sebi. Pursuant to this, APIL proposes an IPO of its equity shares to raise up to Rs 1,250 crore.
GAIL starts gas supply
GAIL India on Tuesday started natural gas supply to Maruti Suzukis Manesar plant in Haryana from the ChainsaHajjar pipeline which has a capacity of 35 mmscmd. The automaker is the first customer of GAIL on this pipeline route.
Orchid Chemicals & Pharmaceuticals Ltd said it has has completed the transaction for sale and transfer of Orchid's generic injectable finished dosage forms pharmaceuticals business to Hospira Healthcare India Pvt Ltd.
Jubilant to repay debt
Jubilant Organosys said it will use the Rs 500 crore funds raised through placement of shares to institutional buyers, to repay a part of its debt. The company had closed the bidding for issue of shares to QIBs to raise the funds.