1. Just Dial to raise up to $174 million through IPO
Just Dial said on Monday it will raise up to Rs. 950 crore through an initial public offer, which is scheduled to be launched on May 20.
The Mumbai-based local search firm, which is backed by Sequoia Capital and Tiger Globe, will sell 17.5 million shares priced between Rs. 470 and Rs. 543 each, it said in a statement.
2. Dabur India set to expand portfolio in Middle East region
DUBAI: Indian major Dabur is set to broaden its current product portfolio in the Middle East region, looking to expand geographically and increase its penetration across various ethnic groups, a media report has said.
Dabur is focusing on its Middle East operations this year, with a strategic launch of a new face care range, natural hair colour creme and an innovative deodorant range for teenagers, the Khaleej Times report said.
Source: http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/dabur-india-set-to-expand-portfolio-in-middle-east-region/articleshow/20027515.cms
3. JLR opens new engineering test centre in Dubai
NEW DELHI: Tata Motors-owned Jaguar Land Rover today said it has opened a new engineering test centre in Dubai to conduct extreme hot weather vehicle research, development and testing.
4. Maruti Gypsy to be phased-out from Army, Mahindra Scorpio & Tata Safari in race to fill gap
The Indian Army has decided to phase-out Maruti Gypsy from its inventory with Mahindra Scorpio and Tata Safari in the race to replace the vehicle under a project expected to cost the force more than Rs 3,000 crore.
The Indian Army is the biggest customer of the Maruti Gypsy utility vehicles with more than 25,000 such vehicles in service and uses them in all light vehicle operations including counter-terrorist and counter-insurgency operations.
Worth reading: http://www.reuters.com/article/2013/05/12/net-us-google-social-idUSBRE94B04W20130512
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