The Telegraph
Saturday , December 8 , 2012
Since 1st March, 1999
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Business Briefs

Claris stake

New Delhi, Dec. 7: Drug firm Claris Lifesciences today divested an 80 per cent stake in its infusion business for Rs 1,050 crore and has entered into a tripartite joint venture with two Japanese firms for the same. The firm has executed agreements for a JV Claris-Otsuka with Japanís Otsuka Pharmaceutical Factory and Mitsui & Co Ltd .

Cane price

New Delhi, Dec. 7: The Uttar Pradesh government today announced the state advised price (SAP) for sugarcane procurement at Rs 275-290 per quintal for 2012-13. SAP is the price below which mills cannot buy cane from farmers.

DLF float

New Delhi, Dec. 7: Realty major DLF is likely to bring a follow-on public offer before June to dilute promotersí stake to 75 per cent, according to market regulator Sebiís guidelines.

ADB forecast

New Delhi, Dec. 7: The Asian Development Bank (ADB) today cut Indiaís growth forecast to 5.4 per cent in 2012-13, barely two months after it had projected a 5.6 per cent growth for the Asiaís third largest economy.

Coal blocks

New Delhi, Dec. 7: The coal ministry has approached the law ministry seeking its advise on giving back five deallocated coal blocks of public sector enterprises, including three of NTPC.