Monday, June 2, 2008

USA economy

Stocks down after housing data, bank shakeups

Construction spending falls in April as home building continues more than two-year slide

manufacturing activity rose slightly in May, but remained below the benchmark needed to show growth in the sector.

stock news

Ram Informatics has received an order from commercial tax department

PSL and PSL North America, a subsidiary of the company bagged an order

Triveni Engineering & Industries has signed an agreement of understanding with TGM Turbinas,Sertaozinho, Sao Paulo, Brazil.

SAAG RR Infra bags order worth Rs 75 mn from Cairn Energy India

Sterlite Industries to acquire Asarco for USD 2.6 bn

Alstom Power, Bharat Forge may form USD 500 mn JV

Yes Bank likely to be worth USD 2.5 bn by 2010

HDFC Bank tied up with Qatar National Bank (QNB) to offer a range of products and services to expatriate Indians in Qatar

Steel Authority of India (SAIL) will set up two steel processing units in Sitapur and Amethi in Uttar Pradesh (UP)

india stock news

Western India`s largest bio-tech park to be established at Savli town, is expected to attract an investment of Rs 40 billion within the next five yea

MMTC to import 42 k tons of RBD palmolein

Indian exports up 31.5% in Apr. 2008

Mcleod Russel Q4 loss widens to Rs 973 mn

IVRCL Infra bags Rs 8.37 bn order from ONGC arm

Shyam Star Gems board decided to acquire up to 50% stake in Thamina Diamonds International, Dubai

Larsen and Toubro led consortium has commissioned the country`s largest blast furnace at Tata Steel, Jamshedpur to produce 2.5 million tons per annum of hot metal.

Flawless Diamond India will open its 20th retail outlet at 5-9-43/1 Opp Old Gandhi Medical College, Bashir Bagh Hyderabad.

Nagarjun Construction bags Rs 2.5 bn orders

Air India announced a hike of Rs 300 to Rs 550 in fares with effect from Tuesday (June 3) following an increase in the price of Aviation Turbine Fuel (ATF).

Govt. to impose 15% export duty on iron ore

Bank of Rajasthan board recommends dividend, bonus issue .one equity shares for every five equity shares

Crompton Greaves has concluded an arrangement for the acquisition of Societe Nouvelle de Maintenance Transformateurs