Business Deals at Glance -

Cipla will invest Rs 1,000 crore in the immediate
and near future in factories, expansion of existing
facilities and infrastructure, said Y K Hamied.
In less than a month,

 Adani Enterprises —
flagship of Ahmedabad-based, Rs 27,000 crore
Adani Group — has closed another major overseas
deal involving an investment of $1.65 billion. The
company will undertake a port and rail project in
Indonesia’s Tanjung Enim region.

Power Finance Corporation (PFC), Rural
Electrification Corporation (REC), NTPC,
PowerGrid Corporation and NHPC have banded
together to explore the option of entering the
banking business in order to access cheaper funds.
The PSUs are looking at the possibility of forming a
public sector bank.

Reliance Industries (RIL) is seen as a likely
partner for Chesapeake Energy Corp's Eagle Ford
shale acreage, a US brokerage firm.

Suzuki plans to invest Rs150 crore to double the
production capacity at its wholly-owned twowheeler
company in India to 5.4 lakh units by 2012
and to foray into the high-volume 100 cc segment
of motorcycles.

BHEL has commissioned a captive gas-based power
station at a refinery in Oman. The 26-MW Gas
Turbine Generator was put on stream at the Oman
Refinery and Petrochemical plant in Muscat.
In a move that has sparked off speculation about its
motive, Mumbai-based Sun Pharmaceutical has
challenged the settlement between Wockhardt and
some of its creditors.

Daiichi Sankyo-owned Ranbaxy Laboratories has
settled its patent dispute with Swiss major Roche
for the latter’s drug valganciclovir sold under the
brand Valcyte.

Patni as secured two contracts— a seven-figure,
three-year contract from Scandinavia's The Codan
Group and another from Serco Learning.