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PJSC, a Dubai-based investment house has sold off 2.21 crore shares, representing 6.89% stake to SpiceJet at Rs 53.55 per share, amounting to a total of Rs 118.54 crore on Tuesday. This information has been found out according to the data available on the Bombay Stock Exchange.

In February, nearly 14% of the stake had been offloaded by Istithmar to the airline for Rs 164 crore. The company has informed on Monday that it had got hold of almost 22.14 million shares through foreign convertible currency bonds valuing nearly Rs 55.34 crore.

In a meeting by the standing committee for three days since President Pratibha Patil instated the Seven Hills Hospital in Andheri East, and the corporators lift lying under the subject of discontented terms of agreement between Brihanmumbai Municipal Corporation (BMC) and the hospital.

As the hospital is being advertized as Asia's largest private hospital but in fact it is a public private partnership (PPP) project and also the land of the hospital belongs to BMC.

Laser Soft, a Polaris Group company, has got itself a project with Andhra Pradesh State Co-operative Bank Limited (APCOB) which involves imposing main banking solutions in the district central co-operative banks in the State.

This imposition will be carried out through a special multi-entity CBS, which has a centralized deployment at Hyderabad. This model is not only cost-effective but will also facilitate easier transactions between customers of the banks.

MTNL broadband subscribers in Delhi and Mumbai will enjoy MTNL Nova Navigator Services launched by Novatium Solutions Private Limited.

The services can be used for both Internet access and wide-ranging computing applications. Main highlights of this service are Internet, gaming, digital entertainment, online education, telephony and business productivity.

The device is trouble free and can be easily plugged and played with zero maintenance. The main features loaded in this device are 3G support, plug and play printer support, faster browsing and multimedia.

Tata Motors is planning to invest around Rs 10,000 crore approximately in the coming two-three years on the further development.  This has been revealed by the company officials. The company has also informed that it will invest on its products, modernization of its facilities and other capex purposes.

It has invited the opinion and approval of shareholders on such decisions and has decided to expand its range of products.

It also plans to enhance its presence and popularity in markets on both domestic and global fronts.

The production of synthetic rubber has increased from its last record by 10%, which is equivalent to rising up to 1.06 lakh tonnes. This has been informed by the Rubber Board data.

The production had decreased by 9% in the previous fiscal which was down by 96,739 tonnes from its following fiscal.

During the fiscal year of 2009-10, the consumption of synthetic rubber had jumped to 3.4 lakh tonnes thereby making an 18.7% growth against a depreciation of 1.4% in the prior financial year.