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OIL may price IPO at Rs 1,000-1,100 a share
Oil India, the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share.

Dr Reddy's plans to launch Lipitor's generic version in US
Drug maker Dr Reddy’s Laboratories plans to launch generic version of the world’s largest selling anti-cholesterol medicine ‘Lipitor’ in the US market in the next 2-3 years.

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Kraft to raise 7 bn pound via bonds to fund Cadbury buy
The US confectionery giant Kraft is preparing to tap the bond markets to raise as much as 7 billion pounds to help finance its 11.9 billion pound takeover of the British chocolate maker Cadbury, say media reports.
Public Relations

SAIL rises 5 per cent

The stock gained 5 per cent to close at a 52-week high of Rs 236.10 on reports that steel companies may increase prices next month to cash in on the demand surge in the domestic market and recovery in the global steel prices. - Paramount Airways to focus on tier II, III cities - Sun TV restructures distribution business - Latha Jishnu: Copyright aggression">Latha Jishnu: Copyright aggression - Mukesh Kacker: Will the petroleum regulator stand up?">Mukesh Kacker: Will the petroleum regulator stand up? - Shankar Acharya: Reviving public health services">Shankar Acharya: Reviving public health services - What Gladwell saw, and questioned The company may increase its products prices next month by up to Rs 1,500 a tonne. After falling by about $100-150 a tonne to $400 a tonne, steel prices globally have risen about $50 a tonne in the past two months on account of an increase in demand. The company has lowered prices of its flat steel products by Rs 2,000 a tonne in the past two months.


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