ING Vysya Bank has announced that it has linked up with BankBazaar.com, which would allow users of the Web site to get instant interest rate quotes on home loans and personal loans from it.
Advanced Micro Devices (AMD) launched a PC-gaming graphics card on Thursday dubbed as the ATI Radeon HD 4830 which has been priced less than $150.
Thursday, October 30, 2008
Himalya International inked a pact with leading US-based grocery chain company ALDI Foods to sell its products under `Himalya Fresh` brand name.
Mitashi Edutainment Limited has rolled out its innovative portable DVD Player,
Wipro Technologies has announced that it has partnered with Fortify Software Inc. to roll out industry's first joint center to assess and assure the security of client applications.
Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced that it proposes to pump Rs12,000 crore in expanding its capacity to 15 million tons by October 2011.
Larsen & Toubro (L&T) has made announcement that the company has decided to set up a large heavy engineering facility at Sohar in Oman with the aim to make high -pressure heat exchangers and reactors used by the hydrocarbon sector.
Gitanjali Gems, a leading manufacturer and exporter of diamonds has announced that it has hiked its stake from 51 percent to 100 percent in "Gitanjali Exports Corporation Ltd" (GECL), a material non listed Subsidiary Company.
Mitashi Edutainment Limited has rolled out its innovative portable DVD Player,
Wipro Technologies has announced that it has partnered with Fortify Software Inc. to roll out industry's first joint center to assess and assure the security of client applications.
Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced that it proposes to pump Rs12,000 crore in expanding its capacity to 15 million tons by October 2011.
Larsen & Toubro (L&T) has made announcement that the company has decided to set up a large heavy engineering facility at Sohar in Oman with the aim to make high -pressure heat exchangers and reactors used by the hydrocarbon sector.
Gitanjali Gems, a leading manufacturer and exporter of diamonds has announced that it has hiked its stake from 51 percent to 100 percent in "Gitanjali Exports Corporation Ltd" (GECL), a material non listed Subsidiary Company.
Zigma Software, at its meeting held on Oct. 27, 2008, approved issue of bonus shares in the proportion of 7 bonus shares of Rs 10 each for every 10 ordinary shares of Rs 10 each held by shareholders
NTPC announced that the board of directors of the company at its meeting held on Oct. 24, 2008 has approved the proposal for initiating discussion with Nuclear Power Corporation of India (NPCIL) for entering into an MoU for formation of joint venture (JV) company for setting up a nuclear power project. NTPC shall hold 49% equity stake and remaining 51% shall be held by NPCIL.
Bharat Biotech bags `Biotech Pharma IT park` project in Orissa
NTPC announced that the board of directors of the company at its meeting held on Oct. 24, 2008 has approved the proposal for initiating discussion with Nuclear Power Corporation of India (NPCIL) for entering into an MoU for formation of joint venture (JV) company for setting up a nuclear power project. NTPC shall hold 49% equity stake and remaining 51% shall be held by NPCIL.
Bharat Biotech bags `Biotech Pharma IT park` project in Orissa
Fortis Healthcare is eyeing acquisitions and is in talks with more than two players in south and west India; it is hoping to close the transactions in the current financial year,
DLF is set to sign a franchisee agreement with Italian group Luxottica to retail its premium and luxury eyeware brands,
GMR Infrastructure is set to acquire a coal mine in Indonesia for close to USD 100 million,
The Federal Reserve on Wednesday, October 29, cut a key interest rate by 50 basis points (bps) in an attempt to revive an economy ailing from the most severe financial crisis in recent times.
Alok Industries announced that the board of directors of the company at its meeting held on Oct. 27, 2008, considered and approved rights issue of equity shares / convertible instruments upto Rs 3 billion.
Koffee Break Pictures announced that the committee in their meeting held on Oct. 23, 2008, re-issued 219,000 equity shares which were earlier forfeited.
DLF is set to sign a franchisee agreement with Italian group Luxottica to retail its premium and luxury eyeware brands,
GMR Infrastructure is set to acquire a coal mine in Indonesia for close to USD 100 million,
The Federal Reserve on Wednesday, October 29, cut a key interest rate by 50 basis points (bps) in an attempt to revive an economy ailing from the most severe financial crisis in recent times.
Alok Industries announced that the board of directors of the company at its meeting held on Oct. 27, 2008, considered and approved rights issue of equity shares / convertible instruments upto Rs 3 billion.
Koffee Break Pictures announced that the committee in their meeting held on Oct. 23, 2008, re-issued 219,000 equity shares which were earlier forfeited.
Friday, October 24, 2008
Areva Transmission and Distribution said that it has won an over 35 million euros (Rs 221 crore) contract from Bhilai Steel Plant, a unit of Steel Authority of India Ltd.
Punj Lloyd has announced that its Indonesian arm has pocketed an engineering, procurement and construction services contract worth Rs 2.24 crore of new fuel terminal at Pulau Laut, Kalimantan, Indonesia from PT Shell Indonesia.
Punj Lloyd has announced that its Indonesian arm has pocketed an engineering, procurement and construction services contract worth Rs 2.24 crore of new fuel terminal at Pulau Laut, Kalimantan, Indonesia from PT Shell Indonesia.
DS Kulkarni Developers announced that DSK Global Education & Research (P) has become a subsidiary of the company after the acquisition of 51% of shareholding in DSK Global Education & Research (P) by the company.
Organization of Petroleum Exporting Countries (OPEC), which accounts for about 40% of the world`s oil production, decided to cut its oil output by 1.5 million barrels per day (MBPD) from November 1
Organization of Petroleum Exporting Countries (OPEC), which accounts for about 40% of the world`s oil production, decided to cut its oil output by 1.5 million barrels per day (MBPD) from November 1
J.P. Morgan forecasts deeper recession in U.S., Europe
J.P. Morgan Chase's economics team on Friday said it cut its outlook for the U.S. and Western Europe to reflect a deeper recession. "Weak data, striking declines in October surveys and poor financial performance," prompted the investment bank to lower the average pace of growth for the two regions by a full percentage point for the third and fourth quarters. Economists led by Bruce Kasman lowered their views on the fourth-quarter U.S. growth rate to -4% from -2%. They still expect the Fed to cut its benchmark lending rate by a half percentage point next week and a quarter point in December. For Britain, J.P. Morgan anticipates the economy will contract 2.75% for the next two quarters, down from a -2% drop previously forecast. For Europe, the bank sees growth shrinking 1.5%, worse than a 0.5% drop previously.
Wednesday, October 22, 2008
Multiplex chain Inox Leisure has revealed that it would invest over Rs 450 crore in the next couple of years to put up additional 206 screens across the country.
AEGON Religare Life Insurance has formed a strategic business partnership with Chennai-based TS Mahalingam & Sons (TSM).
Tata Sky, a joint venture between the TATA Group and STAR, has partnered with Bitstream Inc. to use its Panorama technology for recently released ‘Hindi electronic programming guide’ in the country.
Tata Advance System (TASL), an arm of the Tata Group, has made announcement that the company plans to invest Rs 80 billion for building an aerospace and precision engineering unit near Hyderabad which would be the first of its kind in India.
Bharat Heavy Electricals (BHEL) has revealed that the conglomerate is presently considering the acquisition of Czech power utility company Skoda Power.
AEGON Religare Life Insurance has formed a strategic business partnership with Chennai-based TS Mahalingam & Sons (TSM).
Tata Sky, a joint venture between the TATA Group and STAR, has partnered with Bitstream Inc. to use its Panorama technology for recently released ‘Hindi electronic programming guide’ in the country.
Tata Advance System (TASL), an arm of the Tata Group, has made announcement that the company plans to invest Rs 80 billion for building an aerospace and precision engineering unit near Hyderabad which would be the first of its kind in India.
Bharat Heavy Electricals (BHEL) has revealed that the conglomerate is presently considering the acquisition of Czech power utility company Skoda Power.
India’s leading retail giant Future Group, has announced that it has inked a Joint Venture (JV) pact with UAE-based mobile retail company Axiom Telecom with the aim to build an all new dimension of innovation in the Indian mobile retail industry.
Educomp Solutions, a leading internationally diversified education solutions provider has informed that the company has acquired 51 percent stake for an unrevealed amount in Takshila Management Services.
India’s major sugar refiner Shree Renuka Sugars Ltd, has informed that the company has acquired 87% stake in Karnataka-based Gokak Sugars for Rs 693 million, in an attempt to access more refining capacity at a cheaper rate.
Educomp Solutions, a leading internationally diversified education solutions provider has informed that the company has acquired 51 percent stake for an unrevealed amount in Takshila Management Services.
India’s major sugar refiner Shree Renuka Sugars Ltd, has informed that the company has acquired 87% stake in Karnataka-based Gokak Sugars for Rs 693 million, in an attempt to access more refining capacity at a cheaper rate.
Bharat Heavy Electricals (BHEL) announced it has won an order for 412 MW World Bank-funded hydro electric project in Himachal Pradesh
Parsvnath offers 5 star hotel at Ahmedabad
Wipro has tied up with Sun Microsystems to widen its reach within the Gulf Cooperation Council (GCC) countries such as UAE andSaudi Arabia
Reliance Power (R-Power) has joined hands with the IDBI Bank-led consortium of domestic banks to secure the debt portion for the second phase of the 600 mw Rosa Power project in UP`s Shahjahanpur district,
Norway to inject USD 2 bn in India`s stock market
Federal Bank, a private player, is planning to enter the wealth management space, especially for catering to its huge NRI clientele
GE Transportation, a unit of U.S. - based General Electric Company and a global diesel locomotive technology leader, and power equipment leader, Bharat Heavy Electricals (BHEL), have joined hands to bid for a 1,000 diesel locomotives tender by the Indian Railways,
Parsvnath offers 5 star hotel at Ahmedabad
Wipro has tied up with Sun Microsystems to widen its reach within the Gulf Cooperation Council (GCC) countries such as UAE and
Reliance Power (R-Power) has joined hands with the IDBI Bank-led consortium of domestic banks to secure the debt portion for the second phase of the 600 mw Rosa Power project in UP`s Shahjahanpur district,
Norway to inject USD 2 bn in India`s stock market
Federal Bank, a private player, is planning to enter the wealth management space, especially for catering to its huge NRI clientele
GE Transportation, a unit of U.S. - based General Electric Company and a global diesel locomotive technology leader, and power equipment leader, Bharat Heavy Electricals (BHEL), have joined hands to bid for a 1,000 diesel locomotives tender by the Indian Railways,
Credit rating agency ICRA and the Karur Vysya bank have signed a Memorandum of Understanding (MoU) under which ICRA will assign ratings to the bank`s loans and its other exposures under the standardized approach of RBI`s new capital adequacy framework for base-II.
Pantaloon Retail India announced that its joint venture (JV) with Alpha Future Retail, the UK based Alpha Airport Group is still operative.
Areva T&D India`s Transmission and Distribution Division (T&D) has been awarded a contract worth 35 million euros with Bhilai Steel Plant (BSP), a flagship unit of the ``Steel Authority of India`` (SAIL), the largest steel manufacturer in India. ..
Pantaloon Retail India announced that its joint venture (JV) with Alpha Future Retail, the UK based Alpha Airport Group is still operative.
Areva T&D India`s Transmission and Distribution Division (T&D) has been awarded a contract worth 35 million euros with Bhilai Steel Plant (BSP), a flagship unit of the ``Steel Authority of India`` (SAIL), the largest steel manufacturer in India. ..
What is debt market?
There is no single or fixed location or exchange where debt market participants transact. Also very sadly small investors have no role to play. Which means as a lay investor you can invest in equities (far more difficult to understand) but cannot invest in debt markets (easier to understand).
Dealings are done over phone, and confirmed by fax, email, etc. It is a virtual market (on the net). All the Indian stock exchanges (BSE, NSE and OTCEI) have a separate debt market segment. Debt markets deal with Government securities market and Bond markets.
Sadly in this market the only issue is the government of India. The government has a vested interest in keeping the interest rates low, and we cannot do anything about it!
Tuesday, October 21, 2008
Tata Motors lays off 300 temporary employees
IFCI incurs Rs 1.20 bn loss on Hindalco, Tata rights issues
Japanese drug major Daiichi Sankyo on October 21, completed its acquisition of a 52.5% equity stake in Ranbaxy Laboratories via off-market and stock exchange transactions
Reliance Industries (RIL) senior counsel Harish Salve announced that his client (RIL) was ready to sell gas to Reliance Natural Resources (RNRL) on lines of NTPC contract, reports Economic Times .
IFCI incurs Rs 1.20 bn loss on Hindalco, Tata rights issues
Japanese drug major Daiichi Sankyo on October 21, completed its acquisition of a 52.5% equity stake in Ranbaxy Laboratories via off-market and stock exchange transactions
Reliance Industries (RIL) senior counsel Harish Salve announced that his client (RIL) was ready to sell gas to Reliance Natural Resources (RNRL) on lines of NTPC contract, reports Economic Times .
ECE Industries will be held on Oct. 31, 2008, to consider proposal for issue of rights equity shares.
Sadbhav Engineering bagged an order worth Rs 2.68 billion by the Gujarat Industries Power Company (GIPCL).
Hindustan Construction Company (HCC) bagged contract worth Rs 3.60 billion from Lanco Infratech for Teesta-VI hydroelectric project, Sikkim.
aiprakash Associates, India`s biggest dam builder, decided to raise a sum of nearly Rs 18 billion through rights issue.
EID Parry India will be held on Oct. 29, 2008, to consider the proposal for buy back of equity shares.
ING Vysya Bank said that ING Bank N.V. is investing Rs 945 million in the Tier I issue of ING Vysya Bank, by way of Innovative Perpetual Bonds (IPBs) in foreign currency.
Sadbhav Engineering bagged an order worth Rs 2.68 billion by the Gujarat Industries Power Company (GIPCL).
Hindustan Construction Company (HCC) bagged contract worth Rs 3.60 billion from Lanco Infratech for Teesta-VI hydroelectric project, Sikkim.
aiprakash Associates, India`s biggest dam builder, decided to raise a sum of nearly Rs 18 billion through rights issue.
EID Parry India will be held on Oct. 29, 2008, to consider the proposal for buy back of equity shares.
ING Vysya Bank said that ING Bank N.V. is investing Rs 945 million in the Tier I issue of ING Vysya Bank, by way of Innovative Perpetual Bonds (IPBs) in foreign currency.
L I C Housing Finance Q2 net rises 16.07%
Zigma Software will be held on Oct. 27, 2008, to consider issue of bonus share to the shareholders.
Opto Circuits net rises 35.76% for Sep`08 qtr
United Spirits net rises 17.06% in Sep`08 qtr
Zee Ent. Q2 consolidated net zooms 84%
SAAG RR Infra, announced that Oil and Natural Gas Corporation (ONGC) has withdrawn its contract order given to the company for hiring of operation and maintenance services following the verification of documents of technical collaborator, Miden Systems.
Zigma Software will be held on Oct. 27, 2008, to consider issue of bonus share to the shareholders.
Opto Circuits net rises 35.76% for Sep`08 qtr
United Spirits net rises 17.06% in Sep`08 qtr
Zee Ent. Q2 consolidated net zooms 84%
SAAG RR Infra, announced that Oil and Natural Gas Corporation (ONGC) has withdrawn its contract order given to the company for hiring of operation and maintenance services following the verification of documents of technical collaborator, Miden Systems.
Monday, October 13, 2008
Bharat Heavy Electricals (BHEL) has announced that it will carry out 38 projects adding up 13,828 Mega Watt in the 11th plan period in the eastern region
Malaysian Biotechnology Corp (BioTech) has informed that Malladi Drugs and Pharmaceutical Ltd envisages to pump US$ 300 million over the coming three to five fiscals to build its worldwide "one-stop shop" in Malaysia.
Country Club (CCIL), operator of a chain of family clubs, has announced that the company is exploring the options to build a miniature version of the chain across leading Indian cities for an investment of Rs 10 billion.
ONGC-Mittal Energy (OMEL), a joint venture (JV) between Country’s major oil company, ONGC and L N Mittal group is proposing to build its first refinery in Nigeria with an outlay of around US$ 4 billion.
Malaysian Biotechnology Corp (BioTech) has informed that Malladi Drugs and Pharmaceutical Ltd envisages to pump US$ 300 million over the coming three to five fiscals to build its worldwide "one-stop shop" in Malaysia.
Country Club (CCIL), operator of a chain of family clubs, has announced that the company is exploring the options to build a miniature version of the chain across leading Indian cities for an investment of Rs 10 billion.
ONGC-Mittal Energy (OMEL), a joint venture (JV) between Country’s major oil company, ONGC and L N Mittal group is proposing to build its first refinery in Nigeria with an outlay of around US$ 4 billion.
Wockhardt Ltd has inked an in-licensing pact with UK based Sinclair Pharma to sell a range of dermatology and dental products.
Aurobindo Pharma has made announcement that the company has got final sanction from the US Food and Drug Administration (USFDA) to sell Fluconazole drug, in the strengths of 50 mg, 100 mg, 150 mg and 200 mg respectively.
Kumars Nationwide has made announcement that the company has agreed to acquire Leggiuno S.p.A, a leading Italian high value shirting fabrics enterprise.
HOV Services Ltd has made announcement that the company has rolled out a new world-class delivery centre in the Xi'an, located in Shaanxi province, China.
Essar Oil has made announcement that the company has inked a product sale, purchase and infrastructure sharing Memorandum of Understanding (MoU) with Indian Oil Corporation.
Aurobindo Pharma has made announcement that the company has got final sanction from the US Food and Drug Administration (USFDA) to sell Fluconazole drug, in the strengths of 50 mg, 100 mg, 150 mg and 200 mg respectively.
Kumars Nationwide has made announcement that the company has agreed to acquire Leggiuno S.p.A, a leading Italian high value shirting fabrics enterprise.
HOV Services Ltd has made announcement that the company has rolled out a new world-class delivery centre in the Xi'an, located in Shaanxi province, China.
Essar Oil has made announcement that the company has inked a product sale, purchase and infrastructure sharing Memorandum of Understanding (MoU) with Indian Oil Corporation.
Oil and Natural Gas Corp (ONGC) has made announcement that the conglomerate has confirmed its interest in acquiring an equity stake in Mangistau Munai Gas (MMG), a Kazakhstan-based oil producer.
Span Diagnostic (Span) has announced that it has formed a new company namely SPAN NIHON KOHOEN DIAGNOSTICS (SNK) under the joint venture (JV) pact inked with Japanese Nihon Kohden corporation. (NKC)
TATA chemicals, has announced that the company has decided to put a soda ash manufacturing plant on hold, which it had proposed to build, in joint venture with the Tanzanian government with an investment of around US$ 500 million.
HDFC Securities Ltd., an arm of HDFC Bank, has made announcement that the company has rolled out India’s first Call Centre for its Marathi speaking customers.
Span Diagnostic (Span) has announced that it has formed a new company namely SPAN NIHON KOHOEN DIAGNOSTICS (SNK) under the joint venture (JV) pact inked with Japanese Nihon Kohden corporation. (NKC)
TATA chemicals, has announced that the company has decided to put a soda ash manufacturing plant on hold, which it had proposed to build, in joint venture with the Tanzanian government with an investment of around US$ 500 million.
HDFC Securities Ltd., an arm of HDFC Bank, has made announcement that the company has rolled out India’s first Call Centre for its Marathi speaking customers.
`Nano` is likely to drive out on Ratan Tata`s 71st birthday on December 28 just as the `Indica` was launched a decade ago when he turned 61
Kopran, a healthcare company decided to divest its stake in the joint ventures (JVs) namely, Globalpharma LLC, Dubai and Kampala Pharmaceutical Industries, Uganda at its meeting held on Oct. 11, 2008.
Hindalco Industries may hold the aluminium-maker`s Rs 50.47 billion rights issue considering substantial drop in the share price of Hindalco and the bearish market conditions until the financial markets bounce back,
Hero Honda Motors announced that the company will roll out seven bikes soon. It targets to sell nearly 600,000 bikes and scooters in the October 2008
Kopran, a healthcare company decided to divest its stake in the joint ventures (JVs) namely, Globalpharma LLC, Dubai and Kampala Pharmaceutical Industries, Uganda at its meeting held on Oct. 11, 2008.
Hindalco Industries may hold the aluminium-maker`s Rs 50.47 billion rights issue considering substantial drop in the share price of Hindalco and the bearish market conditions until the financial markets bounce back,
Hero Honda Motors announced that the company will roll out seven bikes soon. It targets to sell nearly 600,000 bikes and scooters in the October 2008
Apnaloan has tied-up with Reliance Money arm of Reliance Capital, to provide information about personal finance on their website.
Citrix India & Tulip Telecom partner to offer advanced IP solutions
The finance ministry has decided that financial firms in the US and the UK which have recently seen changes in ownership thanks to the bailout package from their respective governments will not be required to take fresh approvals from the Foreign Investment Promotion Board (FIPB) for their existing Indian joint ventures or other investments
Ipca Laboratories announced on Monday that the company entered into a strategic alliance with US-based Heritage Pharmaceuticals.
TCS to provide `Passport Seva`
Sanjivani Paranteral, in order to strengthen the position of the company in solid dosages form in India and abroad, acquired a new pharmaceutical manufacturing plant in Uttarakhand.
Citrix India & Tulip Telecom partner to offer advanced IP solutions
The finance ministry has decided that financial firms in the US and the UK which have recently seen changes in ownership thanks to the bailout package from their respective governments will not be required to take fresh approvals from the Foreign Investment Promotion Board (FIPB) for their existing Indian joint ventures or other investments
Ipca Laboratories announced on Monday that the company entered into a strategic alliance with US-based Heritage Pharmaceuticals.
TCS to provide `Passport Seva`
Sanjivani Paranteral, in order to strengthen the position of the company in solid dosages form in India and abroad, acquired a new pharmaceutical manufacturing plant in Uttarakhand.
Friday, October 10, 2008
Hindustan Construction Company on Friday said it is discussions with global players as part of its strategy to get into infrastructure business like airport modernization and hydro-electric power projects,
Era Infra bags a contract worth Rs 417.8 mn
Unitech has clarified that the company has not been sanctioned any loan by Standard Chartered Bank and therefore, the contents of the said news that the disbursement of loans sanctioned to the company has been held back, is completely false and baseless.
Infrastructure development firm Era Infra Engineering has informed that its joint venture had secured a contract worth Rs 1.13 billion.
Index for Industrial Production (IIP) plunged for the month of August 2008 to stand at meagerly 1.3% as compared to 7.1% on m-o-m basis.
Era Infra bags a contract worth Rs 417.8 mn
Unitech has clarified that the company has not been sanctioned any loan by Standard Chartered Bank and therefore, the contents of the said news that the disbursement of loans sanctioned to the company has been held back, is completely false and baseless.
Infrastructure development firm Era Infra Engineering has informed that its joint venture had secured a contract worth Rs 1.13 billion.
Index for Industrial Production (IIP) plunged for the month of August 2008 to stand at meagerly 1.3% as compared to 7.1% on m-o-m basis.
Wednesday, October 8, 2008
Electricals major Centum Electronics has announced that it has bagged an order worth Rs 43 million from a defence sector unit for the supply of sub-systems
Allahabad Bank, a leading public sector lender has inked pact with Universal Sompo General Insurance Co for selling its insurance products from November 1.
Allahabad Bank, a leading public sector lender has inked pact with Universal Sompo General Insurance Co for selling its insurance products from November 1.
British Telecom (BT) has linked up with Bharat Sanchar Nigam Limited (BSNL), India’s largest telecommunication conglomerate with the aim to meet growing customer demands in the Indian market
Dynamatic Technologies has made announcement that the company has take over a UK-based aeronautic conglomerate, manufacturing highly engineered components and toolings.
Tata Consultancy Services (TCS) is planning to take over Citigroup`s captive BPO unit Citigroup Global Services (CGSL) for around US$ 550 million.
Sadbhav Engineering has informed that it has bagged Rs 1.65 billion order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam in joint venture with GKC Projects, Hyderabad.
Larsen & Toubro (L&T) has picked up 4.2% stake in Kalindee Rail Nirman Engineers, a New Delhi-based firm that executes railway signalling and telecommunication projects for the Indian Railways,
Gujarat-based Elecon Engineering Company has informed that the company has secured three orders from reputed clients, valued at Rs 51.74 crore.
JPMorgan Chase, one of the leading investment banks, has put forth its proposal to invest in the Steven Spielberg and Anil Ambani alliance, a $1.5 billion deal to produce 30-odd films.
Dynamatic Technologies has made announcement that the company has take over a UK-based aeronautic conglomerate, manufacturing highly engineered components and toolings.
Tata Consultancy Services (TCS) is planning to take over Citigroup`s captive BPO unit Citigroup Global Services (CGSL) for around US$ 550 million.
Sadbhav Engineering has informed that it has bagged Rs 1.65 billion order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam in joint venture with GKC Projects, Hyderabad.
Larsen & Toubro (L&T) has picked up 4.2% stake in Kalindee Rail Nirman Engineers, a New Delhi-based firm that executes railway signalling and telecommunication projects for the Indian Railways,
Gujarat-based Elecon Engineering Company has informed that the company has secured three orders from reputed clients, valued at Rs 51.74 crore.
JPMorgan Chase, one of the leading investment banks, has put forth its proposal to invest in the Steven Spielberg and Anil Ambani alliance, a $1.5 billion deal to produce 30-odd films.
GVK Power & Infrastructure has made announcement that the company has withdrawn its entire equity stake holding in its wholly owned arm, GVK Aviation (P)
Vishal Retail has made announcement that the company has opened 2 showrooms in Haryana that included one at Fatehabad and other at Panipat.
Thermax Ltd, a leading international solution provider in energy and environment engineering has announced that it has been awarded a contract worth Rs 4.5 billion for building a captive power plant.
Larsen & Toubro Infotech, a wholly-owned arm of country’s engineering & construction group Larsen & Toubro (L&T) has inked a partnership deal with U.S. - listed Astea International Inc.
Oil and Natural Gas Corporation (ONGC) has announced that the conglomerate is exploring the options to pick up oil blocks in Angola and Brazil.
Vishal Retail has made announcement that the company has opened 2 showrooms in Haryana that included one at Fatehabad and other at Panipat.
Thermax Ltd, a leading international solution provider in energy and environment engineering has announced that it has been awarded a contract worth Rs 4.5 billion for building a captive power plant.
Larsen & Toubro Infotech, a wholly-owned arm of country’s engineering & construction group Larsen & Toubro (L&T) has inked a partnership deal with U.S. - listed Astea International Inc.
Oil and Natural Gas Corporation (ONGC) has announced that the conglomerate is exploring the options to pick up oil blocks in Angola and Brazil.
Aaress Iron and Steel (AISL), has made announcement that the company envisages to pump Rs 4,500 crore for building its first integrated steel plant at Koppal, in northern Karnataka
The Madurai Bharat Sanchar Nigam Ltd (BSNL) has decided to roll out the long awaited IPTV Service, which would facilitate Broad band clientele watch 150 channels.
Drug manufacturer Strides Arcolab Ltd has announced that it has got sanction from US Food and Drug Administration (USFDA) for making oral products for the US market
ACC has announced that it is proposing to build hydropower projects from renewable sources with the aim to cut its power costs
The Madurai Bharat Sanchar Nigam Ltd (BSNL) has decided to roll out the long awaited IPTV Service, which would facilitate Broad band clientele watch 150 channels.
Drug manufacturer Strides Arcolab Ltd has announced that it has got sanction from US Food and Drug Administration (USFDA) for making oral products for the US market
ACC has announced that it is proposing to build hydropower projects from renewable sources with the aim to cut its power costs
Bharat Heavy Electricals (BHEL), eastern region will execute 38 projects adding up 13,828 MW in the 11th plan period,
Credit rating agency ICRA (ICRA) and Karnataka Bank have signed a memorandum of understanding (MoU) under which ICRA (Q, N,C,F)* will assign ratings to the bank`s loans and its other exposures under the RBI`s New Capital Adequacy Framework for Basel
Bharti Airtel announced the launch of Airtel digital TV, its Direct To Home (DTH) satellite TV service. The service will be available to customers through 21,000 retail points including Airtel relationship centers in 62 cities across the country starting October 9.
ECB injects USD 50 bn into money market
InfomediaIndia
IVRCL Infrastructures & Projects on Oct. 7, 2008 announced that the company has bagged a lift irrigation project worth Rs 4.99 billion from the Government of Andhra Pradesh (A.P), Irrigation & CAD Department.
Credit rating agency ICRA (ICRA) and Karnataka Bank have signed a memorandum of understanding (MoU) under which ICRA (Q, N,C,F)* will assign ratings to the bank`s loans and its other exposures under the RBI`s New Capital Adequacy Framework for Basel
Bharti Airtel announced the launch of Airtel digital TV, its Direct To Home (DTH) satellite TV service. The service will be available to customers through 21,000 retail points including Airtel relationship centers in 62 cities across the country starting October 9.
ECB injects USD 50 bn into money market
Infomedia
IVRCL Infrastructures & Projects on Oct. 7, 2008 announced that the company has bagged a lift irrigation project worth Rs 4.99 billion from the Government of Andhra Pradesh (A.P), Irrigation & CAD Department.
Reliance Natural Resources (RNRL) is likely to produce the memorandum of understanding (MoU) between Mukesh Ambani and Anil Ambani at the Bombay High Court on Wednesday,..
Oil and Natural Gas Corporation (ONGC) has offered to sell a first cargo of light sweet Sakhalin-1 Sokol crude for December loading, a tender document showed on Wednesday
ONGC-Mittal Energy (OMEL), a joint venture (JV) between India`s biggest oil company, ONGC and L N Mittal group is planning to set up its first refinery in Nigeria with an outlay of around USD 4 billion,
Provogue India is planning to enter into the crowded food and grocery retailing sector in tie-up with an established retail chain,
Accentia Technologies, engaged in the business of healthcare receivables cycle management (HRCM), is planning to acquire a few functional companies in various cities in India,
Oil and Natural Gas Corporation (ONGC) has offered to sell a first cargo of light sweet Sakhalin-1 Sokol crude for December loading, a tender document showed on Wednesday
ONGC-Mittal Energy (OMEL), a joint venture (JV) between India`s biggest oil company, ONGC and L N Mittal group is planning to set up its first refinery in Nigeria with an outlay of around USD 4 billion,
Provogue India is planning to enter into the crowded food and grocery retailing sector in tie-up with an established retail chain,
Accentia Technologies, engaged in the business of healthcare receivables cycle management (HRCM), is planning to acquire a few functional companies in various cities in India,
TCS inks pact to acquire Citi`s captive BPO arm
Reliance Industries will commission its new 580,000 bpd refinery by the end of November that is within the firm`s targeted deadline of December
UK government will invest about 50 billion pounds (USD 87 billion) in an extraordinary step to avert a fall down of the U.K. banking system.
Dr Reddys gets USFDA approval for Primidone
Essar Wind Power, part of Ruia-controlled Essar group is likely to shelve its proposed joint venture (JV) with German based REpower Systems,
Reliance Industries will commission its new 580,000 bpd refinery by the end of November that is within the firm`s targeted deadline of December
UK government will invest about 50 billion pounds (USD 87 billion) in an extraordinary step to avert a fall down of the U.K. banking system.
Dr Reddys gets USFDA approval for Primidone
Essar Wind Power, part of Ruia-controlled Essar group is likely to shelve its proposed joint venture (JV) with German based REpower Systems,
Monday, October 6, 2008
Dynamatic Technologies announced that it has acquired a UK-based aeronautic company manufacturing highly engineered components and toolings.
Fortis Healthcare is learnt to be in final stages of discussions to enter into a joint venture (JV) with Bangalore-based NU Hospitals,
Era Infra Engineering has informed that its joint venture had secured a contract worth Rs 1.3 billion.
L&T will have to pay Rs 60 billion as premium to the Gujarat government over the next 20 years,
Oil and Natural Gas Corporation (ONGC) on Saturday, October 4, said that the company is exploring the options to pick up blocks in Angola
Tata Consultancy Services (TCS) is close to acquire Citigroup`s captive BPO arm Citigroup Global Services (CGSL) for approx USD 550 million
Fortis Healthcare is learnt to be in final stages of discussions to enter into a joint venture (JV) with Bangalore-based NU Hospitals,
Era Infra Engineering has informed that its joint venture had secured a contract worth Rs 1.3 billion.
L&T will have to pay Rs 60 billion as premium to the Gujarat government over the next 20 years,
Oil and Natural Gas Corporation (ONGC) on Saturday, October 4, said that the company is exploring the options to pick up blocks in Angola
Tata Consultancy Services (TCS) is close to acquire Citigroup`s captive BPO arm Citigroup Global Services (CGSL) for approx USD 550 million
Securities & Exchange of India (SEBI) has decided to lift curbs on the issuance of the Participatory Notes (P-Notes) by the Foreign Institutional Investors (FIIs) in a bid to revive the stock markets troubled by the global financial meltdown.
DLF, announced that the board of directors has approved a buy-back plan of its shares from the open market operations through the stock exchanges through JM Financial Consultants (P), the manager to the buy-back plan. price not exceeding Rs 600 a share payable in cash
Indian companies listed on the American stock exchanges lost close to USD 10 billion during the past week, with IT bellwether Infosys witnessing the maximum erosion of about USD 2 billion
Sadbhav Engineering today said it has received a Rs 1.65 billion order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam in joint venture with GKC Projects, Hyderabad.
Thermax wins Rs 4.50 bn contract for captive power plant
DLF, announced that the board of directors has approved a buy-back plan of its shares from the open market operations through the stock exchanges through JM Financial Consultants (P), the manager to the buy-back plan. price not exceeding Rs 600 a share payable in cash
Indian companies listed on the American stock exchanges lost close to USD 10 billion during the past week, with IT bellwether Infosys witnessing the maximum erosion of about USD 2 billion
Sadbhav Engineering today said it has received a Rs 1.65 billion order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam in joint venture with GKC Projects, Hyderabad.
Thermax wins Rs 4.50 bn contract for captive power plant
Friday, October 3, 2008
U.S. Sept. involuntary part-time workers rise 337,000
U.S. Sept. average workwee falls to record-low 33.6 hours
U.S. Sept. job losses largest since March 2003
U.S. Sept. aggregate hours worked drop 0.5%
U.S. Sept. manufacturing jobs fall 51,000
U.S. Sept. average hourly earnings up 0.2% vs. 0.3% expected
U.S. Sept. unemployment rate steady at 6.1% as expected
U.S. Sept. nonfarm payrolls off 159,000 v. -110,000 expected
U.S. Sept. average workwee falls to record-low 33.6 hours
U.S. Sept. job losses largest since March 2003
U.S. Sept. aggregate hours worked drop 0.5%
U.S. Sept. manufacturing jobs fall 51,000
U.S. Sept. average hourly earnings up 0.2% vs. 0.3% expected
U.S. Sept. unemployment rate steady at 6.1% as expected
U.S. Sept. nonfarm payrolls off 159,000 v. -110,000 expected
Emami along with PACs (Persons Acting in Concert) announced that the company has revised the price for acquiring shares of Zandu Pharmaceutical Works from Rs 15,000 per equity share to Rs 16,500 per equity share.
Elder Pharmaceuticals (EPL) has invested Rs 600 million into its Nepal JV, thereby increasing its stake in the JV by 9% to 49%, reports Economic Times. The company had set up a 40:60 JV with Universal group of Kathmandu in 2006.
Elder Pharmaceuticals (EPL) has invested Rs 600 million into its Nepal JV, thereby increasing its stake in the JV by 9% to 49%, reports Economic Times. The company had set up a 40:60 JV with Universal group of Kathmandu in 2006.
Elecon Engineering Company on Oct. 3, 2008 announced that the company has bagged 3 orders amounting to Rs 517.40 million from various clients for design, engineering, manufacturing, testing, supplying, erecting and commissioning of material handling and other equipments.
Vishal Information Technologies said that its board at its meeting held on Oct. 01, 2008, discussed and considered some of the proposals of acquisition in UK and Europe which are in the business of document management. The board is also considering to acquire Legal Process Outsourcing Company (LPO) in UK.
Hindustan Motors (HML) today launched sports utility vehicle (SUV) `Outlander` in the country.
Mahalaxmi Rubtech board to consider foray into power generation biz
Aban Offshore bags USD 241 mn contract
Vishal Information Technologies said that its board at its meeting held on Oct. 01, 2008, discussed and considered some of the proposals of acquisition in UK and Europe which are in the business of document management. The board is also considering to acquire Legal Process Outsourcing Company (LPO) in UK.
Hindustan Motors (HML) today launched sports utility vehicle (SUV) `Outlander` in the country.
Mahalaxmi Rubtech board to consider foray into power generation biz
Aban Offshore bags USD 241 mn contract
Tata Motors have decided to pull out the people`s car from Singur
General Electric will sign an investment deal worth at least 400 million euros (USD 554.3 million) in the Serb half of Bosnia later this month, the region`s prime minister said in an interview on Friday,
Centum Electronics it has received a order valued at Rs 43 million from a defence sector unit for the supply of sub-systems.
Financial Technologies India has announced that MCX Stock Exchange (MCX - SX) will be inaugurated on Oct. 06, 2008.
Allahabad Bank, on Oct. 3, 2008 announced that the bank has inked pact with Universal Sompo General Insurance Co to cater to its customer`s requirement of general insurance products.
General Electric will sign an investment deal worth at least 400 million euros (USD 554.3 million) in the Serb half of Bosnia later this month, the region`s prime minister said in an interview on Friday,
Centum Electronics it has received a order valued at Rs 43 million from a defence sector unit for the supply of sub-systems.
Financial Technologies India has announced that MCX Stock Exchange (MCX - SX) will be inaugurated on Oct. 06, 2008.
Allahabad Bank, on Oct. 3, 2008 announced that the bank has inked pact with Universal Sompo General Insurance Co to cater to its customer`s requirement of general insurance products.
india inflation report
The wholesale price index (WPI) Inflation declined marginally to stand at 11.99% for the week ended Sep. 20, 2008, as compared to the 12.14% the week before.
Wednesday, October 1, 2008
Mitsubishi UFJ Financial Group (`MUFG`), Japan`s largest financial group and the world`s second largest bank holding company to invest USD 9 bn in Morgan Stanley
Steel Authority of India (SAIL) has signed a memorandum of understanding (MoU) with Larsen & Toubro (L&T) to jointly set up, develop, manage and own captive/independent power plants at suitable locations to meet future power requirements of SAIL
Parsvnath Developers (PDL), India`s leading real estate company with pan India presence having diversified portfolio, has announced the launch of Parsvnath Pratishtha, a Group Housing project at Pune.
Steel Authority of India (SAIL) has signed a memorandum of understanding (MoU) with Larsen & Toubro (L&T) to jointly set up, develop, manage and own captive/independent power plants at suitable locations to meet future power requirements of SAIL
Parsvnath Developers (PDL), India`s leading real estate company with pan India presence having diversified portfolio, has announced the launch of Parsvnath Pratishtha, a Group Housing project at Pune.
Phillips Carbon Black announced that its 30 MW co-generation power plant at Durgapur has been commissioned on September 29.
Polaris Software Lab today announced that it has signed a definitive agreement to acquire SEEC, a US-based product and component services company for Insurance Vertical in an all cash deal.
Idea Cellular, an Aditya Birla group company, on Tuesday, September 30, formally launched its GSM service in the states of Bihar and Jharkhand,
Venkatesh Roddam resigns as head of Satyam BPO
Parsvnath Developers (PDL), a leading real estate company with pan India presence, announced the launch of Parsvnath Pragati a Group housing project at Dharunera.
Polaris Software Lab today announced that it has signed a definitive agreement to acquire SEEC, a US-based product and component services company for Insurance Vertical in an all cash deal.
Idea Cellular, an Aditya Birla group company, on Tuesday, September 30, formally launched its GSM service in the states of Bihar and Jharkhand,
Venkatesh Roddam resigns as head of Satyam BPO
Parsvnath Developers (PDL), a leading real estate company with pan India presence, announced the launch of Parsvnath Pragati a Group housing project at Dharunera.
Bharat Electronics (BEL) is making a capital expenditure of Rs 5.7 billion in the next two years ending March 2010 to modernize its manufacturing plants in the country,
State-run oil firms on Tuesday slashed aviation turbine fuel (ATF) prices for the second straight month, by over 5% in step with fall in international oil prices
Bharat Electronics has bagged a Rs 1 billion order to supply 1.02 lakh electronic voting machines (EVMs) to the Election Commission
Reliance Industries (RIL) will sell its Krishna-Godavari (KG) basin oil at a discount of around USD 5 per barrel to Brent crude oil,
The Government of Kerala (GOK) today issued Letter of Intent (LOI) to the Lanco Group companies for Vizhinjam International Transhipment Terminal port project.
State-run oil firms on Tuesday slashed aviation turbine fuel (ATF) prices for the second straight month, by over 5% in step with fall in international oil prices
Bharat Electronics has bagged a Rs 1 billion order to supply 1.02 lakh electronic voting machines (EVMs) to the Election Commission
Reliance Industries (RIL) will sell its Krishna-Godavari (KG) basin oil at a discount of around USD 5 per barrel to Brent crude oil,
The Government of Kerala (GOK) today issued Letter of Intent (LOI) to the Lanco Group companies for Vizhinjam International Transhipment Terminal port project.
20 Microns (20ML), one of the India`s largest producers of white minerals and the first to implement Securities Exchange Board of India`s (SEBI) Applications Supported by Blocked Amount (ASBA) process will debut at the bourses on Monday, October 6.
Reliance Money has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board,
GE Healthcare, an arm of General Electric Company, is planning to invest USD 200 million in India,
IT major Wipro`s promoter Azim Premji is investing Rs 800 million to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur,
ICICI Bank has approached the Securities & Exchange Board of India (SEBI) to check if there was a concerted attempt to hammer its share price,
Vipul plans Rs 4 bn housing project in Orissa
Reliance Money has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board,
GE Healthcare, an arm of General Electric Company, is planning to invest USD 200 million in India,
IT major Wipro`s promoter Azim Premji is investing Rs 800 million to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur,
ICICI Bank has approached the Securities & Exchange Board of India (SEBI) to check if there was a concerted attempt to hammer its share price,
Vipul plans Rs 4 bn housing project in Orissa
Panacea Biotec on Oct 1,2008 announced that the company through its wholly owned subsidiary, Kelisia Holdings has tied up with and has made an equity investment worth USD 13.1 million in PharmAthene, US.
Sistema, one of the largest public diversified corporation in Russia and the Commonwealth of Independent States will invest over USD 1.5 billion in India next year to build a pan-India telecom network on the code division multiple access (CDMA) platform,
Polaris Software up 5.32% on acquisition news The company signed an agreement to acquire US-based technology firm SEEC Inc in an all cash deal.
Bharat Sanchar Nigam (BSNL), the public sector undertaking (PSU) is soon going to launch 3G and WiMax services.
WABCO-TVS (India) got re-listed at the bourses on Wednesday, October 1.on the Bombay Stock Exchange (BSE).
Sistema, one of the largest public diversified corporation in Russia and the Commonwealth of Independent States will invest over USD 1.5 billion in India next year to build a pan-India telecom network on the code division multiple access (CDMA) platform,
Polaris Software up 5.32% on acquisition news The company signed an agreement to acquire US-based technology firm SEEC Inc in an all cash deal.
Bharat Sanchar Nigam (BSNL), the public sector undertaking (PSU) is soon going to launch 3G and WiMax services.
WABCO-TVS (India) got re-listed at the bourses on Wednesday, October 1.on the Bombay Stock Exchange (BSE).
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