DB Corp may see rousing start on debut

Shares of print media company DB Corp will debut on the stock markets on Wednesday, 6 January 2010. The company had fixed the issue price at Rs 212 per share, at the top end of the Rs 185-212 per share price band.

Tata Steel's sales from its Indian operations rose 73% to 636,000 tonnes in December 2009 over December 2008. India sales for the Q2 December 2009 quarter rose 49% to 1.60 million tonnes. Sales of flat products, used in automobiles and consumer durables, surged 90% in December, while sales of long products, primarily used in construction, rose 56%. The company's crude steel production in India rose 21% for the month.

Indian mobile operator Aircelhas signed a pact with Infosys Technologies to offer a range of mobile phone applications. Under the agreement, Infosys will implement its new application platform called Flypp for the Aircel project. Financial details of the agreement were not disclosed. Infosys launched Flypp, which mobile operators can use as a technology platform to offer a wide spectrum of applications, in December 2009.

Opto Circuits (India)'s unit Eurocor GmbH secured the Communite European mark for its Taxcor Plus, a new drug eluting stent, that will allow its sale in the world markets, except US and Japan. Drug eluting stents are placed in narrowed or diseased coronary arteries where they slowly release medicine to clear the blockage.

Banks and lenders have reportedly agreed to restructure the Rs 6000 crore debt of Jindal Stainless. Bankers have allowed promoters of the firm to repay half the debt in foreign currency, reports added.

Dishman Chemicals and Pharmaceuticals, the Ahmedabad-based leading player in the contract research and manufacturing services (Crams) space, is reportedly expecting growth of about 20 percent in the segment starting next fiscal. Crams refers to the outsourcing of activity to make active pharmaceutical ingredients (API) or the drug itself.

State-owned Steel Authority of India (Sail) may reportedly pull out of a proposed joint venture (JV) with Shipping Corporation of India after the shipping ministry set conditions that make the JV unworkable.