IT services firm Hexaware Technologies has appointed new heads for its business units and has strengthened its organisational structure and the management team.

The software exporter shall now focus on three specific business areas, banking, financial services and insurance (BFSI); travel and transportation; and Emerging verticals.

The Emerging verticals unit will concentrate the manufacturing and healthcare areas and the existing non BFSI and non travel and transportation activities at one place, for better management.

The second largest realty firm of the country, Unitech Ltd would raise Rs 5,000 crore from the market through issuances of debt, equity and semi-equity. The plan is approved by the company's board after its meeting on January 19, 2009 following the approval of the stake holders. The funds would be used to repay debts of over Rs 8,000 crore. However, it would cause significant dilution of promoter's share in the company.  
 

Six-year old Bajaj family drama is all set for curtains as Rahul Bajaj has acquired 29.2% in Bajaj Hindustan. He would sell 29.6% stakes in Bajaj Hindusthan to his brother Shishir Bajaj, paving the way to transfer full control of the sugar company to his brother. The move would raise Shishir Bajaj's stake in BHL from 2.85% to 32.47%.

Aurobindo Pharma, an Indian private pharmaceutical company, informed that it has got tentative sanction from US Food & Drug Administration (USFDA) to make and sell fixed dosed combination Abacavir Sulfate/ Lamivudine Tablets.

The company has been allowed to manufacture the drugs in the strengths of 60/30 mg.

Abacavir sulfate tablets are indicated for the treatment of HIV infection in adults and children 3 months of age or older.

Satyam Computers' controversial decision to buy two group-promoted companies and then reversing the deal within a few hours under pressure from investors may have put them in a soup as the government is understood to have ordered a probe to look into whether the company violated any corporate governance laws while entering into such a deal involving shareholders money.

Gurgaon-based infrastructure development company C&C Constructions Ltd has received an order worth Rs 781 crore for a dedicated freight corridor from New Karwadiya to New Ganj Khwaja in Bihar.

This work is of 105 kilometers on the Mughal-Sone section of the Eastern Corridor, which has to be finished by the next 36 months.

The project will be carried out in company with its joint venture partner M/s BSCPL Infrastructure Ltd.

M/s BSCPL Infrastructure Ltd is equal partner in this contract.