Thursday, June 5, 2008

india stock news

The National Highways Authority of India (NHAI) signed a concession agreement with IJM Corporation Berhad-IDFC for the 6-laning of the Chilkaluripet-Vijayawada section of NH-5 in Andhra Pradesh under NHDP Phase-V, worth Rs. 6.75 billion

The finance ministry restricted tax holidays to new public sector refineries or companies with a 49% stake holding by state-run firms

Indiabulls Properties Investment Trust, a unit of Indiabulls Real Estate, declared that it extended the retail portion of its USD 84 million initial public offer of shares in Singapore

HEG board approves Rs 1.9 bn capacity expansion plan

Cabinet sanctions Rs 46.76 bn Kolkata east-west metro corridor project

Tech Mahindra (TechM), one of the largest solution providers in the telecom space and India`s sixth largest software exporter, announced a multi-million dollar deal with Botswana Tele-Communications (BTC), a state owned telecommunication company of Botswana

The Union Cabinet has accorded approval to the formation of the joint venture (JV) company by EIL with Tecnimont SPA, Italy.

BGR Energy has been awarded a contract worth USD 9.29 million by State Company for Oil Projects(SCOP), Baghdad

Hanung Toys & Textiles is negotiating with two U.S. companies for acquisition

Malaysia hikes petrol prices by 40%

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