Chennai-base

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.