20 Microns, one of the India's largest manufacturer of white minerals, has fixed the price band between Rs 50 and Rs 55 a share for its initial public offering (IPO) of
4,350,632 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

The issue consists of a fresh issue of 67.50 lakh equity shares and an offer for sale of 26.75 lakh equity shares by Gujarat Venture Capital Fund 1995. The issue will constitute 49.10 % of the post issue paid up capital of the company.

Rating agency, Credit Analysis and Research (CARE) has assigned the `IPO Grade 3', indicating average fundamentals.

Tata Consultancy Services (TCS), India's top software exporter, has secured a multimillion dollar, back-office accounting processes contract, from Singapore Airlines Cargo (SIA Cargo).

SIA Cargo, a wholly-owned subsidiary of Singapore Airlines, is the world's fourth-largest cargo airline in terms of international freight tonne kilometers. The Airline has a route network that covers more than 39 countries across the world.

Under the five-year agreement, TCS will provide service to its cargo revenue accounting back office processes.

India's Advinus Therapeutics, a TATA-promoted life sciences research and development company, has announced a new collaboration with Genzyme and Medicines for Malaria Venture (MMV) to develop therapies to address the danger of emerging drug resistance that current anti-malarial treatments face.

The alliance seeks to develop new, improved treatments for specific patient groups most at risk for malaria, particularly pregnant women and infants.

Hyderabad-headquartered Astra Microwave Products has informed that it has secured an order worth Rs 25.5 crore from Indian Meteorological Department.

The contract involves supply, installation and commissioning of remote unmanned automatic weather stations at 550 locations across India.

The order is scheduled to be executed by year 2009.

Astra Microwave Products Limited designs, develops, and manufactures components and sub-systems for microwave wireless communications systems used in defense, space, and civilian applications.