- M&M to acquire 38% in EPC Industries
- HAL exports choppers to
Namibia - Goldman ups
India
M&M to acquire 38% in EPC Industries
Diversified firm Mahindra New Delhi: Diversified firm Mahindra and Mahindra (M&M) Ltd on Wednesday said it will acquire 38% stake in EPC Industries Ltd for `43.35 crore to mark its foray into the micro irrigation business. “The board of M&M approved the acquisition of 38% equity in EPC Indus tries... The acquisition is through preferential allotment of shares by EPC ”, the company said in a filing to the Bombay Stock Exchange (BSE).
HAL exports choppers to Namibia
Staterun Hindustan Aeronautics Ltd (HAL) on Wednesday handed over a Cheetah helicopter to the Namibian air force. As per the contract, HAL will also supply two Chetaks to Namibia
Cheetah is a high performance helicopter designed for operation over a wide range of weight, centre of gravity and the altitude conditions. The Chetak helicopters will be handed over to Namibian by June 2011.
HAL will provide necessary ground support equipment, ground handling equipment and will also provide training to Namibian pilots and ground crew.
Goldman ups India
Goldman Sachs Group Inc. has lifted its inflation forecast for India
The investment bank, however, expects the country's inflation to peak during April June.
The Reserve Bank of India (RBI) has raised rates seven times since March, although monetary policy is expected to have only a limited impact on reining in supply side driven food inflation.
Goldman said it expects a further 75basis point hike in key rates by India
