Tuesday, June 3, 2008

USA economy

Bernanke signals more rate cuts unlikely

Factory orders up 1.1% on higher gasoline prices

Core capital equipment orders jump 4% in April

Luxury builder Toll Brothers Inc. reported Tuesday a second-quarter loss

stock news

Larsen & Toubro has sought shareholders approval to transfer its medical equipment and systems business to a subsidiary or to sell it

Cabinet to decide on fuel hike on June 4

National Stock Exchange (NSE) has announced that it would introduce a 3-day Mumbai Inter Bank Offer Rate (MIBOR) on all Fridays starting June 6 in addition to the existing overnight rate.

Spanco BPO eyeing KPO firm

Liberty Mutual Group and Dabur Group announced to form a non-life insurance joint venture (JV) company in India

Bangalore-based Sobha Developers is foraying into Mysore realty market with three projects this financial year.

Jindal Steel to set up Rs 50-bn thermal power plant in Orissa

Bafna Pharmaceuticals IPO subscribe 4.96 times The IPO closed for subscription on May 30, 2008.

Sun TV launches FM stations at Gulbarga & Asansol .under the brand `S FM` from Jun. 3, 2008

AVT Natural inks pact with Finlay Tea Solutions UK


Anu`s Laboratories to list on June 4

india stock news

Punj Lloyd Group, a specialist in engineering, procurement and construction acquired a strategic 74% stake in Technodyne International , Eastleigh, UK

Spice Communications open to 74% holding by Telekom Malaysia

Infosys gets two patents by the US Patent & Trademark Office These patents are in the area of holography and mobile communications.

US urges OPEC to allow FDI in energy sectors

ABB bags Rs 2.95 bn orders to provide power solution for JSW Energy

Telecom giant Vodafone has made a proposal for acquiring a stake of Telkom SA in South African firm Vodacom

Satyam receives SAP Pinnacle Award

Allcargo plans logistic foray in Gulf