Thursday, May 15, 2008

us unemployment

Wall Street mixed after jobless claims edge up; investors focus on Bernanke speech

india news

Tamilnadu Petroproducts loss widens to Rs 119 mn in FY08
Bulk Deal: Asian Electronics tops the chart at BSE
Bulk Deal: Unichem Labs tops the chart at NSE

US soybean exports surge 35% during May 2-8
US rice exports decline 14% during May 2-8
US wheat exports drop 10% during May 2-8
US cotton exports down 4% during May 2-8

Anu`s Lab receives good response; IPO subscribe 8.43 times

OnMobile to buy Paris-based Telisma

US news

U.S. Industrial Production Dropped More Than Forecast

CBS Corp. agreed to buy Cnet Networks Inc., the owner of technology news and information Web sites, for about $1.8 billion to more than double its online visitors in the U.S.

Blackstone Group LP, the buyout firm that went public at the peak of the takeover boom last year, reported a loss of $66.5 million as fees tumbled in every business,

Billionaire investor Carl Icahn threatened to seek control of Yahoo! Inc.'s board if the Internet company doesn't revive takeover talks with Microsoft Corp. over its failed $47.5 billion bid.

General Electric Co. may sell or seek a partner for the unit that makes refrigerators and washers, ending more than a century in an industry that helped make GE a household name

Blackstone Group LP, the buyout firm that went public at the peak of the takeover boom last year, reported a loss of $66.5 million as fees tumbled in every business, including deal-making, hedge funds and mergers advice.


Deutsche Bank AG, Citigroup Inc. and Royal Bank of Scotland Group Plc are selling at least 2 billion pounds ($3.9 billion) of loans that funded the leveraged buyout of Alliance Boots, the first deal frozen when credit markets began seizing up in July.

Manufacturing in New York shrank in May for the third time in four months, as a drop in orders caused businesses to pull back.

The number of Americans filing first- time claims for unemployment insurance rose last week 371,000

NYSE Euronext's Liffe derivatives market will offer new futures contracts based on alternatives to the London interbank offered rate,

news

Anu`s Lab IPO subscribed 69% before 5 hrs to close

L&T results on May 29; board to consider dividend

Flawless Diamond India has received two orders worth Rs 670 million for it`s exclusive designer diamond jewellery from Jewelmax Company (Hong Kong) for Rs 300 million and from Fine Jewellery for Rs 370 million.

Bajaj Allianz Life Insurance and Maharashtra State Co-operative Bank have joined hands to provide life insurance solutions across Maharashtra through the banks 265 branches

The Civil Aviation Authority of Singapore (CAAS) today (May 15) inked an agreement with the Airports Authority of India (AAI) to promote mutual cooperation in civil aviation between the two organisations

Chennai-based Neyveli Lignite Corporation said on Thursday that the Government has accorded approval for development of 1,000 MW (2 X 500 MW) coal based thermal power project at Tuticorin, Tamil Nadu.

The MobileStore has rolled out over 125 stores in a span of just 30 days, one of the fastest roll out ever seen by the retail sector

Cadila Healthcare gets product approval from USFDA

Larsen and Toubro, is planning to build jack-up rigs, semi-submersibles and FPSOs (Floating Production and Storage Offloading vessels) for the offshore segment in Oman

MosChip acquires TruVNS products and technology

Cals which is currently traded in `Z` group at BSE would be transferred to `B` group from Thursday, May 15, 2008

Cement firms to cut rates by up to Rs 7.5 per bag

international news

Online and mobile payments service leader, Upaid Systems, has today announced that the Court of Appeal in London affirmed a January High Court Judgment in Upaid's favour against Satyam Computer Services

Cholamandalam DBS Launches Online Share trading - CholaDBS Direct.com

Dell to Donate up to RMB 2.1 Million to Chinese Earthquake Relief

india press digest

SBI overhauls JV with GE Money to take control of card biz
Power Finance to receive approx. USD 2-3 bn funding from IIFCL

Bank of Baroda, a leading Indian public sector bank, inked a memorandum of understanding (MoU) with Dubai-based real estate company Dubai Properties

Gold prices drop on profit booking

Kotak Mahindra Bank to raise USD 1.2 bn

MMTC sells jewellery worth Rs 130 mn at gold festival Akshaya Trithya

Crompton Greaves to distribute power in Nagpur

Apollo Tyres plans Rs 10 bn expansion

GHCL is said to be interested in acquiring USA`s second-largest specialty home furnishings retailer, Linens`n Things

Omaxe to build low-cost homes

PNB to commence operations at 4 overseas locations Norway, Dubai, Shanghai and Singapore

Lafarge the world`s second biggest cement maker after Holcim, said it agreed to buy Larsen & Toubro`s (L&T`s) ready-mix concrete (RMC) business for an enterprise value of Rs 14.80 billion

india economy news

Indian economy at par with the Chinese - expected to outperform by 2010

Rupee drops to 13-mth lows on oil price woes

According to Moody`s Investors Service`s new report, the Indian economy`s external fundamentals are strong enough to withstand a wide range of potential shocks

RBI auctioned 182-day T-bills today, May 14, 2008

RBI auctioned 91-day T-bills today, May 14, 2008.