The total approximate earnings of Indian Railways on originating basis during April 1 to June 30, 2008 were Rs 195.49 billion compared to Rs 165.61 billion during the same period last year, registering an increase of 18.04%.


The prices of petroleum products in Pakistan have been increased by 10 to 18% with an immediate effect. This is the highest ever increase in the prices of almost all petroleum products

Housing Development and Infrastructure (HDIL) floated a subsidiary that will take care of its oil and gas exploration business The subsidiary, HDIL Oil & Gas (P), was incorporated on Mar. 08, 2008 and the parent holds a 51% stake in it.
It is learnt that the remaining 49% stake in the oil & gas exploration firm is with an international firm. HDIL Oil & Gas will bid for 10 blocks under the New Exploration and Licensing Policy (Nelp) VII round.


Dr Reddy`s Laboratories has decided to buy back the shares of Perlecan Pharma (P), its demerged arm, for USD 18 million from ICICI Ventures and Citigroup

California-based Cymbiotics has signed an in-licensing deal with Elder Pharmaceuticals to market six of its patented products in India,

ONGC Videsh, the overseas arm of the state-owned ONGC, will bid for oil blocks in Ecuador jointly with PetroEcuador, its counterpart in the foreign country,

Bank of Baroda (BoB) is planning to open 10 new overseas branches across the globe and has already made the necessary applications to the RBI

Uco Bank has started talking to institutional investors afresh for raising Rs 3.25 billion through a preferential allotment of equity shares by September,

Era Infra Engineering, a medium-sized construction company, has bagged a contract for construction of buildings and associated works at Manesar by National Automotive Testing and R&D Infrastructure Project (NATRIP) valuing Rs 309.8 million.


Greycells Entertainment, that operates EMDI vocational institutes in India and middle-east, announced its acquisition of 26% stake in another Media and Entertainment vocational education company;


A meeting of the board of directors of HEG will be held on Jul. 31, 2008 to mull over the buyback of equity shares.

Indian power stocks gained on Monday on expectation the government will go ahead with nuclear deal and the controversy over nuclear deal may end soon.