CORPORATE NEWS - APR 4

Corporate News L&T Construction has secured an order worth Rs 1,400 crore to develop an airside construction project for Abu Dhabi Airports Company. The project is part of a major expansion programme of Abu Dhabi airport. Mahindra & Mahindra announced that the company will hike the prices of some of its models by 1-2% soon to offset increasing input costs and inflation. Aurobindo Pharma Ltd has received tentative approval from the US Food & Drug Administration (USFDA) to manufacture and market its anti-AIDS combination drug Efavirenz/ Emtricitabine and Tenofovir Disoproxil Fumarate Tablets. IFCI Infrastructure Developers has sold its one acre property to the Chennai-based Akshaya Ltd. Economy News The HSBC services Purchasing Managers' Index, based on a survey of around 400 companies, fell to a 17-month low of 51.4 in March from 54.2 in February. Services make up nearly 60% of India's output.

Posted in: corporate news,ECONOMY NEWS