PI Drugs, Electrosteel Castings likely to see some action today

PI Drugs & Pharmaceuticals has received the Bombay High Court (HC) approval for the scheme of amalgamation of Sequent Scientific with itself. In January this year, the shareholders of the company had approved the scheme for merger of both entities.

Electrosteel Castings (ECL) is looking to raise funds of up to Rs 600 crore through composite Qualified Institutional Placement (QIP) route.

Infosys Technologies has announced the expansion of its Global Education Center (GEC) at its 337-acre Mysore campus. The inauguration of the center was done by Sonia Gandhi, president of the Indian National Congress.

IT major Cranes Software International has unveiled the latest version of its leading Finite Element Analysis software, NISA Version 17.

Borax Morarji has completed sale of its timber division situated at Shenbagaraman Puthur for the consideration of Rs 3.61crore.

Mumbai-based Glenmark Pharmaceuticals has mopped up fresh funds of Rs 413.56 crore via Qualified Institutional Placement (QIP) route.