Zensar to buy US-based PSI Holdings Group

IT firm Zensar Technologies Ltd said it has entered an agreement to acquire a US-based limited liability company PSI Holdings Group Inc and its subsidiary.

The wholly-owned subsidiary of the company, Zensar Technologies, has entered into an agreement to acquire PSI Holdings Group Inc and its wholly-owned subsidiaries, Zensar Technologies said in a Bombay Stock Exchange.

However, the company did not disclose the financial details of the acquisition. 
On Monday, Zensar Technologies ended 2.44% up at Rs161.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.
 

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Bafna Pharma gets UK nod to make Finasteride tablets

Drug firm Bafna Pharmaceuticals Ltd said it has received approval from UK Medicines and Healthcare products Regulatory Agency (MHRA) to manufacture Finasteride, used in the treatment of enlarged prostate gland.

The company will manufacture Finasteride in 5mg dosage, Bafna Pharmaceuticals said in a statement.

The approval from UK MHRA for Finasteride 5mg will enable the company to widen the customer base in Europe.

Finasteride 5mg tablet is a prescription-only medicine used for the treatment and control of benign prostatic hyperplasia in order to cause regression of an enlarged prostate and improvement of other symptoms.

On Monday, Bafna Pharma rose 1.59% to Rs47.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.

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BHEL, GE India in JV for water-treatment solutions

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) today said it would join hands with GE India Industrial Pvt Ltd for manufacturing water-treatment equipment.

"BHEL and GE India Industrial, a 100% owned subsidiary of GE, USA, will jointly engineer and supply water treatment solutions for the Indian market," the company said in a statement.

According to the terms of the agreement, the joint venture will help BHEL acquire the capability to develop large water-treatment systems based on GE Products, on its own, it said.

Experts peg the domestic water treatment market during 2011-15 in power generation, potable water and waste water treatment at approximately Rs18,000 crore. Out of this, the power sector alone would require water treatment systems worth Rs8,000 crore.

On Monday, BHEL gained 0.64% to Rs2,271 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.
 

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