India's economic growth slows to 7.6% vs 7.9%

India's manufacturing sector was particularly hard-hit, with growth easing to 5.0% from 5.6% in the previous quarter

Agriculture posted slim 2.7% growth, down from 4.7% in the second quarter of last year.

Arvind on Nov. 28, 2008 said that its board approved the demerger of its brands and retail business divisions into separate units

Oil Sector Officers Association (OSOA) which has called for an indefinite strike in oil PSUs from December 2, to push for higher wages, are speedily getting isolated with executives from IOC, HPCL, EIL and OIL deciding not in favor of joining the stir.


SEZ establishment procedure to go online soon

Plethico Pharmaceuticals announced on Friday the company has agreed to acquire a 20% stake in subsidiary of Tricon Holdings, a leading company dealing in pharma retail with sourcing base in the UAE.

Promoter hikes stake in Rollatainers`s arm

KLG Systel has announced that the Power System Solution (PSS) division of the company has been awarded order of Rs 8.36 crore from West Bengal State Electricity Distribution Company for the billing software and services for nearly 3.64 lakhs consumers

Religare Enterprises` wholly owned subsidiary, Religare Securities (RSL), has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders.

TVS Motor Company and IndusInd Bank have entered into an agreement through which the company`s (TVS Motor) dealers could avail themselves of structured inventory financing from the bank,

Mahindra & Mahindra (M&M)-owned movie production house Mumbai Mantra will raise money from private equity players to fund expansion. The company will invest Rs 4 billion in the next 3-4 years in movie production and intends to use a mix of private equity fund, debt and internal accruals for the same. It is finalising plans to enter into television content space too


Novartis has collaborated with healthcare company USV to market its anti-diabetic product Galvus, in a move that would pitch the pharma company directly against Merck. Novartis plans to pitch this against Merck`s Januvia by pricing it lower in the Indian anti-diabetic market which saw total sales of Rs 16.72 billion till June 2008,

Unitech looks forward to raise Rs 15 billion through the sale of offices, land and a hotel in the next three to four months to tide over the current liquidity crunch and pay off debt,

Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors,

Kalyani Forge is partially closing hot forging division, metal form division and precision autocomp division, from November 26 to November 28, on account of reduced demand from the market.

Gujarat State Petroleum Corporation (GSPC) has struck oil in one of its onshore wells in Ankleshwar,

Terrorists killed at least 80 people, seized hostages and bombed the Taj Mahal Hotel in the center of the financial capital of India, Mumbai, on November 26th night. At least five grenades were reportedly set off in the Taj, where terrorists were said to have specifically sought out guests with U.S., U.K. or other Western passports.

SAIL announced that the current economic disaster will not obstruct its ongoing expansion plan. In four years, SAIL plans to invest Rs 540 billion in expanding the saleable steel production from 13 million tons to 24.5 million tons. The expansion will entail an investment of Rs 540 billion with a debt-equity ratio of 1:1.

India has failed to meet its intended production target for oil and gas in August and September due to Reliance Industries` (RIL) delay in commercial production at its prosperous Krishna Godavari basin,

Sun Pharma announced that its wholly-owned US subsidiary, Sun Pharmaceutical Industries, has acquired complete ownership of Chattem Chemicals from Elcat

Vikram Pandit, the Indian American chief executive officer (CEO) of Citigroup is likely to be replaced by American Express chief executive Kenneth Chenault,

Principal Financial Group, a leading US based financial group is looking to acquire an asset management company (AMC) in India as it wants to scale up its fund unit operations in the high-potential market,

Bank of Baroda (BoB) and Maruti Suzuki India, have signed a Memorandum of Understanding (MoU) whereby dealers of Maruti cars would advise prospective Maruti car-buyers about the car-loan advantages of the bank and help them in applying for it,

Indiareit, a real estate fund promoted by Ajay Pirmal has acquired about 15% stake in Mumbai-based developer Neptune Group for around Rs 3 billion,

Tilaknagar Ind. to build Rs 800 mm distillery in Ahmednagar

Siemens to invest USD 2 bn for expansion in India operations

Adlabs Films is betting on its combined film service business and movie exhibitions to drive its expansion and is spending Rs 2 billion to expand the two businesses

Maruti Suzuki, India`s largest passenger car company, will start exports from its upcoming dedicated car terminal at Mundra Port in January 2009 to expand its presence across European markets

China`s central bank has cut benchmark lending and deposit rates by 108 basis points (bps) on November 26, the fourth cut since mid-September

City Union Bank, today, November 26 announced that it had opened 4 new branches in South India. (Kollam, Madhurapuri and Sirkazhi in Tamil Nadu and one at Rajaji Nagar in Bangalore-Karnataka.)

The board of directors of Sujana Towers at its meeting held on Nov. 25, 2008, has increase the authorized share capital from Rs 500 million to Rs 550 million.

KLG Systel, today, November 26 announced that its power system solution (PSS) division bagged a contract worth Rs 83.60 million from West Bengal State Electricity Distribution Company.

Bharat Heavy Electricals (BHEL) and Tamil Nadu Electricity Board (TNEB) have formed a joint venture (JV) company for setting up the first supercritical thermal power project in Tamil Nadu.

Mphasis at its meeting held on Nov. 26, 2008, has proposed a final dividend of Rs 2 a share on equity share of Rs 10 each for the 7 month period ended Oct. 31, 2008

The demand in the housing sector in tier-II and tier-III cities in the first half of fiscal year 2009 declined 35% on account of high cost of borrowings, as per Associated Chambers of Commerce and Industry of India (Assocham),

National Multi Commodity Exchange (NMCE) is venturing into the warehousing space by setting up over 10 modern warehouses across the country

Aztecsoft, today, November 26, announced that the shareholders and creditors of the company (both secure and unsecured) will hold a meeting on Dec. 22, 2008 to give their call on the amalgamation scheme of the company with MindTree.

Corus, Europe`s second largest steel producer and a subsidiary of the Tata Steel, sold its 50% stake held in GrantRail Group to its joint venture (JV) partner, VolkerWessels.

USA ECONOMIC DATA ON NOVEMBER 26

U.S. Oct. durable-goods orders fall 6.2% vs. -2.5% expected

U.S. Sept. durable-goods orders revised to -0.2% from 0.9%

U.S. Oct. durable-goods inventories rise 0.4%

U.S. Oct. durable-goods shipments fall 2.4%

U.S. Oct. core capital equipment orders fall 4%

U.S. Oct. durable-goods orders ex-transportation fall 4.4%

U.S. Oct. personal income up 0.3% vs. 0.1% expected

U.S. Oct. consumer spending down 1% as expected

U.S. Oct. PCE core inflation unchanged at 0.0%

U.S. Oct. consumer spending weakest since Sept '01

U.S. 4-wk. avg. continuing jobless claims rise to 3.92 mln

U.S. continuing jobless claims fall 54,000 to 3.96 mln

U.S. 4-wk. avg. initial jobless claims rise to 518,000

U.S. weekly initial jobless claims fall 14,000 to 529,000

United States economic data on november 25 2008

United States Gross Domestic Product Annualized (3Q) High volatility expected -0.5% -0.5%


United States Gross Domestic Purchases Price Index (3Q) Moderate volatility expected 4.7% 4.2%

United States Personal Consumption Expenditure (QoQ) (3Q) High volatility expected -3.7% 2.9%


United States S&P/Case-Shiller Home Price Indices (Sep) -17.4% 16.9%

United Kingdom economic data on november 25 2008

United Kingdom Total Business Investment (QoQ) (3Q) Low volatility expected -0.2% -1.9%

United Kingdom Total Business Investment (YoY) (3Q) Low volatility expected -0.5% -2.2%

USA economic data on november 24 2008

United States Existing Home Sales (Oct) Moderate volatility expected 4.98M 5.00M


United States Existing Home Sales (MoM) (Oct) Low volatility expected -3.1% -3.5%

European economic data

European Monetary Union Industrial New Orders (YoY) (Sep) Moderate volatility expected -1.1% -1.5% -6.4%

European Monetary Union Industrial New Orders s.a. (MoM) (Sep) Low volatility expected -3.9% -2.8% -1.5%

Luminous Teleinfra, an arm of SAR Group, has announced that it is searching the options to set up manufacturing facility in Himachal Pradesh (HP) with an investment of Rs 150 crore for producing telecom batteries, power management units and conversion devices.

Saudi Arabia headquartered Zamil Steel, has announced that it has rolled out its operations in India.

The ONGC Videsh (OVL), part of Oil and Natural Gas Corporation (ONGC) India, along with partner IRP Red Sea Inc have discovered oil in an offshore block in Egypt for the second time. The company had discovered oil in April 2007 off the North Ramadan Concession in Gulf of Suez.

C & C Constructions, a Gurgaon-based infrastructure development company, announced that the company along with the joint venture patner BSCPL Infrastructure has bagged the prestigious order to construct the Parliament and a new Indian Chancery in Kabul, Afghanistan.

General Electrics` (GE) Indian financial services arm GE Money India has decided to shut down close to 50% of around 170 branches in India in the next few months.

Dabur India Ltd bought 72% stake of Fem Care Pharma for Rs 203 crore in an all-cash deal. This acquisition deal got approval from board of directors on Friday.

The Union government has re-imposed five per cent steel duty on pig iron, semi-finished, flat and long steel products

Great Offshore, an integrated offshore oilfield services provider has chartered two of its vessels - Malaviya Thirty Three and Gal Ross Sea to Petroleum Marine Services Co, Egypt.

JK Cement is redrawing the strategy for its 2.2-million tons (MT) UAE cement plant which was scheduled to operate by the middle of 2010 as it is expected to be delayed by at least three quarters,

Suzlon Energy is discovering possibilities of selling part of its promoters` stake in its unlisted Indian units to private equity firms, to raise money for buying Martifer`s equity stake in REpower,

Jaguar Land Rover (JLR) has confirmed it is in discussions with the UK government for a GBP 1 billion loan to support investments in carbon reduction technology and stimulate demand,

The Noida-based Jaypee Group is planning to set up a cement manufacturing facility in Andhra Pradesh valuing at Rs 16 billion, reports Business Line. The firm expects to commence cement production by 2010.

Satyam Computer Services, a leading global consulting and information and technology services provider, has tied up with Indian Institute of technology (IIT)-Hyderabad for several critical research projects.

RCom`s BIG TV crosses 1 mn subscriber mark

Capital Market Solutions (CMS), a Religare Technova company, has won the Vietcombank Securities Company (VCBS) contract for the NOVA core securities application software

Oil and Natural Gas Corp (ONGC), has made another hydrocarbon discovery in an offshore Krishna-Godavari block.

Navratna defense PSU, Bharat Electronics (BEL) is likely to open a product support centre at Kalamassery in Kochi, Kerala. The product support centre is coming up at the Kinfra Hi-tech Industrial Park, Kalamassery, Kochi.

MMTC, the country`s biggest importer of gold, is planning to sponsor its Sanchi brand of silverware, medallions and jewellery through BPOs and call centres,


IDBI Bank, will employ 652 people at managerial level, even as most of the financial institutions globally are handing out pink slips as part of their cost cutting measures,

Axis Bank, one of India`s leading banks is set to enter the mutual fund (MF) space in next six to eight monts

Bosch announced that it will temporarily close down select production areas or shops at its Nashik plant from November 28-29.

Russian government has said that it is hopeful of constructing more nuclear power reactors in India. This comes after India received approval of Nuclear Suppliers Group to trade with New Delhi

Tata Tea is ready to make an entry into the energy drinks and it is expected to launch its own brand in Chennai early next year

SATYAM GOT ORDER FROM INDIAN RAILWAYS WORHT 1200 CR

IVRCL Infrastructure & Projects has secured contract valuing at Rs 3,508.4 million for water supply and distribution project and another order for Rs 1,789.5 million for power transmission lines, adding up Rs 5,297.9 million.

State Bank of India (SBI) today, November 24, announced that the bank had inked a 74:26 joint venture (JV) agreement with Insurance Australia Group to form a new company which would cater to the general insurance business in India.

ADAG forays into online retail biz

Indian power generation companies are exploring coal assets in Indonesia as the major mines share prices witnessed steep drop due to global financial turmoil,

Coal India (CIL) is planning to raise the minimum level of coal supply by 15% from the current 60% and also bring alteration in fuel supply agreements (FSA) norms kept in the new coal distribution policy (NCDP),

HBL Power Systems, today, November 24, announced that the rights issue committee of the company has shelved its proposed rights issue plan owing to unfavorable market conditions in the country.

Petron Engineering Construction has received an order from Engineers India for composite mechanical works for implementation of EURO-IV Project of Chennai Petroleum Corporation at Chennai, for a total contract value of Rs 672.8 million.

Alphageo (India) bagged a contract from ONGC for acquisition of seismic data executable over a period of two seasons in Nagaland for a total contract value of Rs 436.9 million.

Aggreko, a Scotland-based temporary-power provider, has announced plans to enter in India by buying the power-rental assets and business of Cummins India for GBP 3.9 million

The UK-based financial services firm, Standard Chartered said it will raise GBP 1.8 billion through a rights issue to tackle the economic downturn,

Titan to launch 300 outlets in three years

Russian Energy Minister Sergei Shmatko visits New Delhi tomorrow, India will pitch a deal for a 20% stake in Sakhalin-3 oil and gas fields and importing liquefied natural gas (LNG) from Russia,

Bharat Heavy Electricals (BHEL) has once again demonstrated its competitive edge by winning the largest-ever contract for the manufacture and supply of power transformers and bus ducts, against stiff competition from European MNCs and Indian companies.


Polaris Retail Infotech (PRIL), a leading retail software provider and a wholly owned subsidiary of Polaris Software Lab on November 24, announced the launch of Xf-Xchange Framework, a middle ware solution to configure retail stores for seamless integration with backend enterprise solutions- both for B2B & B2C enviornments.

Infosys Technologies is looking for acquisitions in Europe and Japan. It may acquire some consulting, SAP implementation and BPO firms with deals worth $600-700 million.

Polaris Software Lab said Citigroup (Citi), which has 43% in the IT company (Polaris Software Lab), cannot sell its holdings unilaterally,

GVK Power and Infrastructure (GVKPIL) aims to raise Rs 2.4 billion for its power unit in Punjab,

Alok Industries has suspended its textile special economic zone (SEZ) project at Silvassa in Dadra & Nagar Haveli,

Cambridge Technology, today, November 21, announced that it acquired the US based Protege Software Services for a consideration of USD 11 million.

JPMorgan Chase & Co, a leading global financial services firm with assets of USD 2.3 trillion and operations in more than 60 countries, plans to cut 10% of its investment banking staff or about 3,000 employees as the economic slowdown starts to bite into its earnings

ntel, the world`s largest chipmaker, is likely to invest in the WiMax rollouts undertaken by Indian telecos

Aditya Birla Minerals, a subsidiary of Hindalco Industries, has suspended work on the Ezperanza South Project at its Mount Gordon operations in Australia.

SEBI has not found any evidence of manipulative trading in shares of ICICI Bank as the stock came under heavy selling pressure in September.

G8 must include India, China says panel

The report aims at expanding the G8, which is comprised of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States, to include Brazil, China, India, Mexico and South Africa. It also proposed adding Indonesia, Turkey, Egypt or Nigeria to create a Group of 16.

Great Depression 2 by 2011

1. America's credit rating may soon be downgraded below AAA
2. Fed refusal to disclose $2 trillion loans, now the new "shadow banking system"
3. Congress has no oversight of $700 billion, and Paulson's Wall Street Trojan Horse
4. King Henry Paulson flip-flops on plan to buy toxic bank assets, confusing markets
5. Goldman, Morgan lost tens of billions, but planning over $13 billion in bonuses this year
6. AIG bails big banks out of $150 billion in credit swaps, protects shareholders before taxpayers
7. American Express joins Goldman, Morgan as bank holding firms, looking for Fed money
8. Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states
9. State revenues down, taxes and debt up; hiring, spending, borrowing add even more debt
10. State, municipal, corporate pensions lost hundreds of billions on derivative swaps
11. Hedge funds: 610 in 1990, almost 10,000 now. Returns down 15%, liquidations up
12. Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns
13. Fed also plans to provide billions to $3.6 trillion money-market fund industry
14. Freddie Mac and Fannie Mae are bleeding cash, want to tap taxpayer dollars
15. Washington manipulating data: War not $600 billion but estimates actually $3 trillion
16. Hidden costs of $700 billion bailout are likely $5 trillion; plus $1 trillion Street write-offs
17. Commodities down, resource exporters and currencies dropping, triggering a global meltdown
18. Big three automakers near bankruptcy; unions, workers, retirees will suffer
19. Corporate bond market, both junk and top-rated, slumps more than 25%
20. Retailers bankrupt: Circuit City, Sharper Image, Mervyns; mall sales in free fall
21. Unemployment heading toward 8% plus; more 1930's photos of soup lines
22. Government policy is dictated by 42,000 myopic, highly paid, greedy lobbyists
23. China's sees GDP growth drop, crates $586 billion stimulus; deflation is now global, hitting even Dubai
24. Despite global recession, U.S. trade deficit continues, now at $650 billion
25. The 800-pound gorillas: Social Security, Medicare with $60 trillion in unfunded liabilities
26. Now 46 million uninsured as medical, drug costs explode
27. New-New Deal: U.S. planning billions for infrastructure, adding to unsustainable debt
28. Outgoing leaders handicapping new administration with huge liabilities
29. The "antitaxes" message is a new bubble, a new version of the American
    dream offering a free lunch, no sacrifices, exposing us to more false promises

LAYOFF'S

Banking giant announces huge layoff plan as it seeks to cut expenses by about 20%. Biggest single job-cut plan since IBM announced 60,000 job cuts in 1993.

J.P. Morgan would mean 3,000 dismissals globally

BT Group the U.K. telecom major, said late last week that it would pare 10,000 staffers

Fidelity Investments, the No. 1 global mutual-fund manager, plans to shed 1,700 more jobs in the first quarter, after a separate move earlier last week to cut 1,300

Goldman Sachs planning to pare about 10% of their workforce

AVT Natural Products Ltd, a part of the AV Thomas plantations group, has entered into a critical global strategic and exclusive supply-purchase pact with the US-based Kemin Health L. C. Des Moines, a privately-owned nutritional ingredient marketer and manufacturer.

National Thermal Power Corporation (NTPC), India's largest power company with almost 30 per cent share of power generation, is planning to diversify into cement manufacturing.

The Indian SUV specialist Mahindra & Mahindra Ltd. (M&M), has planned to sign a Memorandum Of Understanding (MOU) with Renault India for distribution of all its products in the country.

The new and latest Seagate’s Savvio 15K.2 HDD is the world’s greenest and fastest drive, claims the company

Siemens Ltd has announced that its industrial solutions division has secured a significant order worth Rs 175 crore from Steel Authority of India Ltd (SAIL) for expansion and modernization of Bokaro Steel Plant at Jharkhand.

Zydus Cadila, a leading India based healthcare company, announced that it has acquired Italy-based Etna Biotech, a wholly owned arm of Dutch Biopharma company, Crucell NV.

Mumbai-based drug company, Elder Pharmaceuticals Ltd, has signed an agreement with Japan based Daiwa Pharmaceuticals Co Ltd, to sell its products in Indian market.

The retail business wing of Mukesh Ambani's Reliance Industries, Reliance Retail has revealed that it would set up 55 stores for home appliances and electronic goods across the country over the next two years.

Religare, an integrated financial services provider, has announced that it has teamed up with private lender Karur Vysya Bank, to offer its (Religare’s) equity trading services to the bank's clientele.

Japan mobile giant, NTT DoCoMo to enter in highly potential mobile market of India, The mobile operator has decided to pick 26 per cent stakes in TATA Teleservices to start journey of growth in communication field of India. DoCoMo will pick 20% in TTSL through subscription of fresh shares and 6% from existing shareholders. The company announced to pay Rs.13,070 crore for 26 per cent stakes.

Anil Ambani owned Reliance Infrastructure has made announcement that the company gears up to expand its engineering and construction business in India by getting into construction of steel plants through a Chinese link-up.

Delphi, a maker of mobile electronics, transportation components, and systems technology, has made announcement that the company envisages to build electronics components manufacturing facility with an investment of Rs 2.50 billion at Oragadam, near Chennai.

Dell had planned to unveil a MP3 player this year that could potentially compete with Apple's iconic iPod line and Microsoft's struggling Zune player. DELL DROPPED PLANS TO LAUNCH MP3 PLAYER.

America’s largest network, Alltel Wireless and LG have jointly rolled out a fast and easy-to-use, LG Swift phone in the US market. With it unparalleled features, the phone stands apart from others.

Saudi Arabia headquartered Zamil Steel, has announced that it has rolled out its operations in India. According to the sources, the company has opened its first manufacturing facility at Ranjangaon near Pune.

Luminous Teleinfra, an arm of SAR Group, has announced that it is searching the options to set up manufacturing facility in Himachal Pradesh (HP) with an investment of Rs 150 crore for producing telecom batteries, power management units and conversion devices.

The ONGC Videsh (OVL), part of Oil and Natural Gas Corporation (ONGC) India, along with partner IRP Red Sea Inc have discovered oil in an offshore block in Egypt for the second time. The company had discovered oil in April 2007 off the North Ramadan Concession in Gulf of Suez.

Technology giant LG has rolled out its latest LCD Monitor, named ‘LG W1941S’ in the Indian market.

Asklaila, a local information service, has informed that it has teamed up with private telecom service provider, Airtel to power all its city search services.

United Spirits (USL) the flagship conglomerate of Vijay Mallya, chairman of Kingfisher Airlines has announced that it is in discussions with the world’s major drinks company, Diageo, for a tie up including a minority stake sale.

Real estate major Unitech has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects .The company is in talks with a few private equity (PE) investors to sell all its six properties, being constructed at Gurgaon and Kolkata. It is planning to divest up to 100% stake in all six properties, comprising 1,000 rooms.

Pawan Ruia-controlled Dunlop India, on Monday, November 17 called off production at its already ailing unit Shahgunj mother plant in West Bengal on account of global meltdown

GVK Power and Infrastructure (GVKPIL), an arm of the GVK group, has plans to sell 25% stake in its energy business

Pantaloon Retail India, a part of Kishore Biyani led Future Group today, announced that it had sold its entire stake in Alpha Future Airport Retail to Alpha Overseas Holdings. Alpha Future Airport Retail was a 50:50 joint venture company between Pantaloon Retail India and the Alpha Group.

Parsvnath Developers, India`s leading infrastructure and real estate developer, has announced a joint venture (JV) with Constructora SAN JOSE, a subsidiary of Grupo SAN HOSE, a leading infrastructure company in Spain.


Suzlon Energy will buy the 22.48% stake in Germany-based REpower through a combination of cash and debt. The acquisition will be completed by May next year,

Kingfisher Airlines has benched 50 trainee co-pilots asking them to stay at home till further orders. The company has offered them a monthly stipend of Rs 20,000 against their take-home salary of up to Rs 1 lakh,

The United States Food and Drugs Administration (USFDA) will have a full-fledged office in New Delhi by September 2009

HSBC Holdings aims to cut down 500 jobs in Asia due to the global economic fall .The reduction will be made in various parts of the business, including back office functions, with about 450 jobs in Hong Kong to be shed. In September, the bank announced 1,100 job cuts worldwide in the wake of the financial turmoil.


Mundra Port and Special Economcic Zone, part of the Adani group today, Tuesday, announced that the company had signed a Memorandum of Understanding (MoU) with Nippon Yusen Kaisha (NYK) of Japan and Wallenius Wilhelmsen Lines of Norway.

Geojit Financial Services and Saudi Arabia based Al Johar group joint venture company Aloula Geojit Brokerage Company executed it`s first trade in TADAWUL, the Saudi Stock Exchange on Nov. 10, 08. The total equity market capitalization in TADAWUL at the end of October 2008 was USD 290.09 billion


Tata Consultancy Services (TCS) a leading IT services, business solutions and outsourcing organization, on Nov. 18, 2008, announced the inauguration of its latest global delivery center in Tianjin. The 300-seat delivery center at Tianjin is TCS China`s fourth global delivery center in China after Beijing, Shanghai and Hangzhou


Bharat Heavy Electricals (BHEL) has won a major contract for the supply and installation of the main plant package at a power project in Andhra Pradesh, Valued at Rs 13.25 billion,

Tata Communications today announced that its vulnerability management (mgmt) service (VMS) will now be available globally.

Jet Airways likely to lay off 100 expat pilots

International Coal Ventures (ICVL), the special purpose vehicle (SPV) is set to make its first major acquisition in Australia,

Anil Dhirubhai Ambani Group (ADAG) once again is warming up to aviation entrepreneur Capt GR Gopinath after losing out on acquiring Air Deccan last year

Modi Tyre, a subsidiary of Modi Rubber, has revived its technical and branding joint venture (JV) agreement with Germany-based Continental Tyres,

French oil major Total has declared its decision to partner ONGC Mittal Energy (OMEL) by picking up stakes in two deepwater oil explorations blocks in Nigeria,

Great Offshore announced that the company completed all procedural formalities and has acquired 100% equity stake valuing Rs 1.60 billion in two companies namely KEI-RSOS Maritime and Rajamahendri Shipping and Oilfield Services

India is seeking more oil and gas fields in Russia, with oil & petroleum minister, Murli Deora pitching for properties in East Siberia, along with Russian prime minister, Vladmir Putin after Sakhalin-I and Imperial Energy.

Suzlon Energy, India`s largest and world`s sixth largest wind-energy provider announced that New Zealand based TrustPower on Nov. 02, 2008 did an official public opening of Stage 1 of its first Australian wind farm having an investment of USD 220 million using 47 Suzlon S88 turbines.

Four Soft (4S), a global leader offering software solutions for transportation and logistics industry, has launched its latest customized version of its WMS application- 4S eLog for UK/ European market in multiple delivery models. The company forecasts expanded opportunities and customer traction in Warehouse Management System (WMS) domain in the UK and EU markets.

KLG Systel announced that the Power System Solutions (PSS) division of the company has secured contracts of Rs 1,320 million from Punjab State Electricity Board