The Noida-based Lohia Group has announced its foray into the automobile sector. The company will invest Rs 150-crore to launch electric two- and three-wheeler vehicles.

Lifestyle denim brand Lee Cooper has announced that it would open 24 new outlets by 2008-09, from the current 31 exclusive stores.

Mukand Limited, a leading specialty steel producer plans to increase its product prices by Rs 2,000 per tonne from June, on behalf of rise in raw material prices.

Cosmo Films Ltd, has announced an investment of Rs15 crore towards procurement of 2400 mm wide metallizer for further capacity addition in its metallizing business.

US-based Avnet Inc has announced that it has acquired Mumbai-based systems integrator Ontrack Solutions for an undisclosed sum.

Strides Arcolab, one of India's largest exporters of branded generic pharmaceutical products, has announced receipt of ANDA approval for Rifampicin Injection USP, 600 mg   dose vial.