Monday, June 23, 2008

India will sign an agreement shortly with Iran and Pakistan in connection with the transnational pipeline project involving the three countries

DLF to get around 5,000 acres of land near Greater Noida,Jaypee group has also qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in race for 2,500 acres each.

Warburg Pincus buys stake(15%) in Laqshya Media for Rs 2.76 bn

Eastern Silk Industries has fixed Jul. 07, 2008 as the record date for the purpose of stock split. Rs 10 each into five equity shares of the face value of Rs 2 each

Reliance Infrastructure is looking to acquire companies in India and abroad, including coal mines in Indonesia .the company has planned an investment of Rs 280 billion in the next three years.

Amtek Auto forms JV with US co Missouri-based American Railcar Industries (ARI)

Essar Shipping to infuse Rs 100 bn in next 3 years

GMR group is likely to buy stake in the Rs 310-billion refinery and petrochemical plant being planned by Oil and Natural Gas Corporation (ONGC) in Kakinada in Andhra Pradesh

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