Philips India unions bid for Salt Lake factory
Employees of Philips India on Friday made a dramatic offer of Rs 10 crore to buy the Salt Lake factory, which the company is selling to a nominee of Videocon International for Rs 9 crore in a negotiated deal.

Mercedes may unveil Jeep, Cherokee
The famed Jeep and Grand Cherokee multi-utility vehicles of US auto major Chrysler may hit Indian roads soon as Mercedes Benz India Ltd (MBIL) is evaluating the possibility of intriducing these vehicles in the country.

Ranbaxy promoter's stake set to up to 33 per cent on warrant conversion
Ranbaxy Laboratories chairman Parvinder Singh, members of his family and entities under his control have exercised their option to convert the warrants held by them into 37,03,099 equity shares for an aggregate consideration of Rs 56.91 crore.

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