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Heineken inks beer alliance with UB
United Breweries Holdings (UBL) has forged an alliance with Heineken to distribute the Heineken brand in India. The partnership in India is expected to drive growth in one of the world"s fastest growing beer markets. As part of the agreement, Heineken will acquire Asia Pacific Breweries (APB) India -- Asia Pacific Breweries (Aurangabad) and Asia Pacific Breweries-Pearl -- for Euro 25 million (Rs 174 crore). Following completion of this transaction in the first quarter of 2010, Heineken intends to transfer these businesses into UBL during 2010. APB is a joint venture partnership between Heineken and Fraser and Neave.

Support for index seen at 5,000 level
The Nifty is likely to move around 5,200 in a day or two on the back of long build-up in December futures and key stock futures. The December futures rose 100 points and closed at 5,132, the highest since October 16, but on thin volumes, indicating absence of bears.

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Apollo Hospitals opens facility in Mauritius
Healthcare chain Apollo Hospitals today said it has opened a multi-specialty care centre, Apollo Bramwell Hospital, in Mauritius.
Corporate

Maha governor calls Chavan, Bhujbal for talks

With government formation in Maharashtra being delayed, Governor S C Jamir has called caretaker Chief Minister Ashok Chavan and Deputy Chief Minister Chhagan Bhujbal for talks. - Maha govt formation delayed; Cong firm on Home - Stem-cell cure for Dasmunshi - HC asks Centre about steps being taken to appoint more judges - Mumbai airport operations to be hit every Tuesday - A K Bhattacharya: Waiting to exhale">A K Bhattacharya: Waiting to exhale - Deshmukh meets Sonia; denies being in race for CM "The Governor will be meeting Chavan first, followed by a separate meeting with Bhujbal to discuss the issue of government formation," a Raj Bhavan spokesperson said. Assembly election results were announced on October 22, but the new government is yet to be sworn in. The delay in formation of the government is being attributed to wrangling between Congress and NCP on the issue of portfolio allocation.


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