Stocks in News: Inox, TCS, Dabur

TCS wins $35 mn Eli Lilly contract
Indian software major Tata Consultancy Services (TCS) has landed a large pharma BPO contract from Eli Lilly to provide drug development services, including clinical trial data management, statistical analysis and medical writing, to the global pharma major. Industry sources estimate that the multi-year contract is in the range of $30-35m. Read More

RIL cuts retail fuel prices
Reliance Industries, whose fuel retail business took a hit after it hiked rates early this year, has reduced the sale price of petrol and diesel by Rs 2.50 per litre to bring it on par with prices of petro products sold by public sector undertakings. Read More

ONGC drops JV plan with Hindujas
State-owned Oil and Natural Gas Corporation (ONGC) has walked out of a proposed JV with the Hindujas at the last minute even though the oil major’s board had approved the deal on October 19. Read More

Dabur eyes stake in Australian winery
Amit Burman of Dabur is headed Down Under to give shape to his fledgling wine interests. Mr Burman, who has floated Nature’s Bounty Wines & Allied Products outside the Dabur Group, is expected to acquire a strategic stake in the privately-held Toorak Wineries, located in the New South Wales region of Australia. Read More

Reliance, BSNL in strategic tie-up
Over 80m subscribers of BSNL and Reliance will now be able to access 1-800 numbers provided by either operator, thus, paving the way for network-independent access to 1-800 services in India for the first time. An agreement to this effect has been reached between Reliance Communications (RCL) and BSNL. Read More