Fundamentals This week

Fortis Healthcare plans to launch an IPO for its
diagnostics business unit, Super Religare Laboratories
(SRL), in 2011.

Tata Consultancy Services (TCS) its UK subsidiary
Diligenta has won two life and pension contracts,
totalling 250 million pounds in revenue in the UK.

Nalco was considering selling stake in its $3.9-billion
(over Rs 18,000 crore) aluminium project in
Indonesia in lieu of acquiring equity in coal mines in
the island country.

Colgate Palmolive India has received the judicial
approval to merge its wholly owned subsidiary, CC
Health Care Products with itself.

Videocon Telecommunications Ltd (VTL) plans to
invest Rs 450-500 crore in telecom infrastructure
creation in Tamil Nadu over the next 16 months till
end-2011.

Tata Chemicals plans to invest 500 million rupees to
set up a new water purifier making plant.
A third partner is likely to join NTPC and Bharat
Forge in their joint venture for manufacturing power
equipment.

Bilcare has completed a Rs607-crore acquisition of
the plastic film-making unit of petrochemical
company INEOS.

Bharat Sanchar Nigam Ltd has once again
scrapped its tender for buying GSM gear and has
invited fresh bids for supplying equipment to support
5.5 million mobile subscribers.

Work at Vedanta Aluminium's plant at Lanjigarh,
Orissa, has come to a standstill, triggering unrest at
the site and rendering thousands of contract workers
jobless.

During the month, exports grew by 13.2 per cent to
$16.24 billion, compared to $13.62 billion in the
month last year. During the month, imports jumped
by 34.3 per cent to $29.17 billion, compared to
$19.62 in the month last year.