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Corporate News and Developments:
· LUPIN is scouting for acquisitions in Latin America and is in talks with at least a couple of potential candidates in Brazil and Mexico, Vinod Dhawan, the company’s president in charge of business development, told ET. The company will look to spend around $50 million on acquisitions.
· KERALA’S IT sector, which is still going through uncertainties about the SmartCity project promoted by UAE-based Tecom, has landed a prestigious investment with TCS signing up for a mega learning centre at the state capital. The 1,500-crore global learning centre of TCS will come up at the Technocity, close to the Technopark here.
· Tractor major Mahindra and Mahindra (M&M) has entered into a memorandum of understanding (MoU) with University of Agricultural Sciences Dharwad (UASD) for facilitating ‘innovative farming technology development and dissemination'.
· Pune-based developer of technology and solutions for bio-fuels and bio-chemicals Praj Industries has entered into an agreement with Qteros of the US to accelerate commercialisation efforts for industrial-scale cellulosic ethanol production.
· French reactor manufacturer Areva SA hopes to keep the price of electricity generated from the proposed Jaitapur atomic project within “competitive levels” by delegating a fair share of work to state-owned Nuclear Power Corporation of India Ltd (NPCIL) and leveraging the expertise of local vendors to cap overall project cost.
· Nagarjuna Construction Company Ltd, the Hyderabad-based diversified infrastructure company, is set to change the name to NCC Ltd, while taking up a major brand restructure initiative, subject to various approvals, including from the company shareholders.
Thanks & Regards,KIFS Research
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