Market News :

The Tube Investments of India Ltd (TII), part of the $3.03 billion Murugappa group, is planning greenfield facilities to manufacture bicycles, tubes and chains. The company has said it would invest around Rs 600 crore to set up these facilities

Reliance Industries (RIL) has debunked charges that KG-D6 gas field output fell due to non-drilling of an adequate number of wells, saying the phenomenon was a result of reservoir complexity and indiscriminate drilling would have lead to infructous

Kolkata-based Shree Ganesh Jewellery House Ltd (SGJHL) is looking for acquisitions of brands abroad. According to a top official, the company is already in talks with some European brands and the size of the acquisition would be about $50 million

Power Grid, the country’s largest transmission firm, is expected to finalise a contract for leasing out its tower infrastructure for telecommunication by the end of May