Industrial gas maker BOC India Limited has informed that it would invest around Rs 200 to Rs 250 crore on several ongoing projects in India by the end of the first quarter of the next financial year. 

The company has a cash reserve of around Rs 200 to Rs 250 crore, which is the part of the Rs 600 crore investments committed by parent company Linde Group to India early this year.

Apart from routine investments in ongoing projects, the company was scouting for buyout opportunities in the country.

After four day's continuous fall, precious metal Gold finally settled the day at Rs 12,030 on bullion market, higher by Rs 500 per ten grams, on fresh festival demand. In addition, Silver also recovered on renewed industrial demand.  

According to market experts, Gold finished higher in global market as safe-haven buying emerged on fears that global stocks markets were heading into a free fall.  

Era Infra Engi

Emami Ltd, one of the fastest growing FMCG Company in India, is presently in the process of exiting from the real estate business by selling 100% stake of its wholly-owned subsidiary, Emami Realty Ltd. 

A top company official stated that Emami is currently in talks with other parties for selling the stake of the company in the realty firm. 

According to them, it could be one of the various group companies of Emami to buy out the stake, or any other entity outside the group. 

Asian Paints, India's largest paint company, has posted a net profit of Rs 131.5 crore for the quarter ended September 30, 2008, 15.5 per cent up from the Rs 113.9 crore posted during the corresponding period, previous year.

While, sales and operating Income for the quarter rose 30.2 per cent to touch Rs 1,475.3 crore from Rs 1,133.2 crore.

In a separate release, the board of directors has recommended the payment of an interim dividend of Rs 6.50 per share (65 per cent).