Biz Briefs

With a view to give a sharp focus to its formulations business, RPG Life Sciences has set up two new verticals and plans to launch nine new products by the end of July, a top company official said on Monday.

LNJ Bhilwara Group firm Bhilwara Energy (BEL) said on Monday that it will dilute nearly 11 per cent stake to two foreign investors for raising Rs 230 crore to part-fund the company's power projects.

Titagarh Wagons on Monday said it has acquired French rail wagon-maker IGF Industries-Arbel Fauvet Rail for around Rs 11.7 crore.TWL would sell the wagons in the European and African markets.

Toyota said on Monday it is inviting four outside experts to help beef up quality controls at the recall-battered automaker under a programme that began in March this year to review defect measures.

Bengaluru-based realty player Embassy Property Developers filed for a Rs 2,400-crore IPO. The company is also considering a pre-IPO placement of up to Rs 1,175 crore, as per the DRHP.

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