Honeywell Automation promoter offloads 6.24%
Industrial solutions provider Honeywell Automation India on Tuesday said its promoter Honeywell Asia Pacific has sold 6.24% stake in the company for an estimated Rs 130 crore. In a filing to the BSE, the company said Honeywell Asia Pacific has offloaded 5,51,333 equity shares on December 14 according to Sebi’s directive to bring down promoters’ holding to 75%. Post this transaction, Honeywell Asia Pacific’s stake in the Honeywell Automation India will come down to 75% from 81.24%, it added.
Apollo to invest Rs 400 cr in 10 cancer, heart hospitals
Healthcare major Apollo Hospitals on Tuesday said it will invest R400 crore to set up 10 specialised hospitals in India by 2015 for treatment of heart diseases and cancer. “We will set up ten specialised hospitals at an investment of R40 crore per hospital. These hospitals will be operational by 2015,” Apollo Hospitals Group chairman Prathap Reddy said. Out of the total, five will be focused on treatment of heart diseases and the other five on cancer treatment. These will be in addition to the group’s plans of adding 2,000 beds.
S Korea’s Doosan Heavy wins $560-m order in India
Doosan Heavy Industries & Construction said on Tuesday it won a 600 billion won order from NTPC to provide two boilers for use at a power plant in Chhattisgarh, India. The South Korean company said in a press release it plans to supply the boilers by 2016.
Renault India to hike prices from January
Renault India on Tuesday announced a price increase across its range of products. The price increase will be up to 1.5% across the range and will be effective from January. Renault sells five models in India starting with the premium hatchback Pulse, mid-size sedan Scala, the popular SUV — Duster, premium sedan — Fluence and the top-of-the-line SUV Koleos. Sumit Sawhney, executive director, sales & marketing, said, “We have to follow suit with the rest of the industry as input costs have gone up tremendously.”
eBay ropes in Yahoo! honcho to head centre
eBay has appointed Ramkumar Narayanan as general manager to head the eBay product development centre. He will be responsible for focussing on data driven product innovation supporting eBay across multiple platforms. Prior to eBay, he was holding the position of vice-president of global management in Yahoo!, where he led the product strategy and management across its software development centre in Bangalore. During his tenure at Yahoo!, he