India’s public sector company, Bharat Heavy Electricals is planning to invest INR 1,400 crore to increase its power equipment capacity. It would build a manufacturing facility for castings and forgings as per its planning.

The state run company has already formed a joint venture with Heavy Engineering Corporation to meet technical needs. The CMD of BHEL; Mr K Ravi Kumar explained the planes of company for the next fiscal.

Bennett Coleman & Co Ltd. (BCCL), media conglomerate and the publisher of English daily ‘Times of India’, has picked 26% stake in Manhattan Communications (India) Pvt.

Packaging material maker Essel Propack Ltd (EPL) has announced the acquisition of US based Medical Engineering & Design (MED Inc.) a supplier of specialized disposable medical devices.

Tata chief, Mr. Ratan Tata expressed hope that Nano would hit the roads as per its schedule. He said that the company is trying its best to complete the task in time.

He maintained that all the hurdles would be removed and mass production of Nano would begin very soon.

The statement by Tata in the sidelines, at the annual convention of the Society of Indian Automobile Manufacturers, raised hopes of resumption of work at Singur. The company is facing stiff opposition in Singur by opposition parties of Bengal.