Corporate Highlights

• Aptech filed for China subsidiary IPO with NYSE; first trigger of listing process has started

• McNally Bharat bags order worth Rs 151 Cr from BHEL

• Allied Digital has signed up with large OEM from US. US OEM will sell services provided by the company. It expects $ 50-100 million revenues from US OEM deal. Also, deal with US OEM could be game changer for the company. The selling price for US deal would be cost plus 45%. FY10 revenues likely to cross Rs 650 Cr.

• State-run oil firms have hiked aviation turbine fuel prices by 4.5%. Indian Oil, BPCL and HPCL hiked rates in Delhi by Rs 1,662 per kilolitre. This is the second instance of a price hike within a month. The move is intended to get Indian ATF prices in line with the global oil rates.

• Drug manufacturer Aurobindo Pharma said it will acquire Trident Life Sciences (TLSL) for an undisclosed amount. the acquisition would provide Aurobindo Pharma an opportunity to enter the high growth injectables space and further enhance its capabilities in providing pharma manufacturing, distribution, services and solutions to its clients