Ahmednagar Forgings Ltd has announced that the Board of Directors of the Company, at its meeting held on July 31, 2008, inter alia, have approved merger of Ahmednagar Forgings Ltd into Amtek Auto Ltd.

Amtek Auto is a leading producer of automotive components.

The company (Ahmednagar Forgings) is being unified along with Amtek India, Amtek Ring Gears, Amtek Crankshafts India and Amtek Casting India into Amtek Auto.

BASF India announced that it is proposing to build compounding plant at Thane site for the engineering plastics (KT) business.

India’s leading private sector Company ITC Ltd revealed its plans to take over US-based Information Technology firm, with the help of its technology unit ITC Infotech.

Commenting on the plans, Mr. Y.C. Deveshwar, chairman of ITC Ltd said, “We are talking to a US company and hope the deal will be sealed soon.”

The board members of the company did not divulge further details of the proposed plan.

Tata Communications, a leading provider of the new world of communications, announced that it has introduced two new Ethernet services.

The purpose behind the introduction of the proposed two services is to extend the company`s industry leading global wide area network (WAN) ethernet portfolio.

This new services combined with the global rollout of new ethernet PoPs will deliver the most flexible and  complete set of ethernet services to the widestrange of global destinations.

The board of directors of Shree Renuka Sugars Limited, country's biggest sugar refiner, has approved raising up to $200 million via local or overseas equity issue.

Drug maker Strides Arcolab has informed that it has completed acquisition of 50.1% stake in Australia stock exchange listed firm Ascent Pharmahealth, formerly known as Genepharm Australasia.