Monday, June 9, 2008
UK news
British wholesale inflation at record pace
Bank of England will find itself unable to further cut interest rates in coming months despite fears of a major economic slowdown.NEWS
Emami forces Zandu to drop preferential issue
EMCO plans to cross border to have its first international manufacturing base of transformer; mulls expansion into switchgear space.
Great Offshore to bid for buying rig overseas
United Bank of India has launched its agriculture debt waiver and debt relief scheme in the north eastern states.
Spencer`s Retail to tie up with international brands with Woolworths Plc UK for Chad Valley Toys
Adani Logistics plans to develop 14 inland container depots (ICDs) across the country by 2010 with an investment of over Rs 10 billion
RCom, MTN to finalize share swap ratio (It is learnt that the ADAG chief wants the ratio to be 0.66:1 that is 66 MTN shares for 100 RCOM shares while the MTN management is asking for 0.51:1.)
Reliance Petroleum (RPL) chairman Mukesh Ambani said his team is set to create a world record by constructing the new refinery at Jamnagar in less than 36 months
Delhi-based Phoenix Lamps will soon be manufacturing high-end luminaire lines and has tied-up two Italian companies for the foray
Bharat Heavy Electricals (BHEL) bagged boiler-turbine-generator (BTG) contracts worth Rs 35 billion from NTPC and its JV subsidiary
Indian Overseas Bank is looking at mobilizing Rs 23 billion nationally during June-July this year,
Maruti Suzuki has emerged as the fourth most reputed auto companies in the world, even ahead of its parent Suzuki Motor of Japan. the list of which is headed by Toyota.
EMCO plans to cross border to have its first international manufacturing base of transformer; mulls expansion into switchgear space.
Great Offshore to bid for buying rig overseas
United Bank of India has launched its agriculture debt waiver and debt relief scheme in the north eastern states.
Spencer`s Retail to tie up with international brands with Woolworths Plc UK for Chad Valley Toys
Adani Logistics plans to develop 14 inland container depots (ICDs) across the country by 2010 with an investment of over Rs 10 billion
RCom, MTN to finalize share swap ratio (It is learnt that the ADAG chief wants the ratio to be 0.66:1 that is 66 MTN shares for 100 RCOM shares while the MTN management is asking for 0.51:1.)
Reliance Petroleum (RPL) chairman Mukesh Ambani said his team is set to create a world record by constructing the new refinery at Jamnagar in less than 36 months
Delhi-based Phoenix Lamps will soon be manufacturing high-end luminaire lines and has tied-up two Italian companies for the foray
Bharat Heavy Electricals (BHEL) bagged boiler-turbine-generator (BTG) contracts worth Rs 35 billion from NTPC and its JV subsidiary
Indian Overseas Bank is looking at mobilizing Rs 23 billion nationally during June-July this year,
Maruti Suzuki has emerged as the fourth most reputed auto companies in the world, even ahead of its parent Suzuki Motor of Japan. the list of which is headed by Toyota.
NEWS INDIA
Indian Bank to start 100 new branches
BSNL cuts STD rates up to 50%
SBI, BoB to act as lead arrangers for USD 1 bn loan facility of Vedanta
Chinese firms eye Indian aviation market
Rohit Ferro`s arm acquires stake in Singapore-based SKP Overseas Pte
Ankit Metal starts production from captive power plant
Sadbhav Engineering, through its wholly-owned subsidiary has acquired 74% stake in Hong Kong-based Ocean Bright Corp
Cadila Healthcare has acquired 70% in South Africa`s Simayla Pharmaceuticals
German sportswear and apparel major Adidas is going for major expansion across India in 2008, which will involve setting up of around 160 new stores and setting footprints in 140 cities.
BSNL cuts STD rates up to 50%
SBI, BoB to act as lead arrangers for USD 1 bn loan facility of Vedanta
Chinese firms eye Indian aviation market
Rohit Ferro`s arm acquires stake in Singapore-based SKP Overseas Pte
Ankit Metal starts production from captive power plant
Sadbhav Engineering, through its wholly-owned subsidiary has acquired 74% stake in Hong Kong-based Ocean Bright Corp
Cadila Healthcare has acquired 70% in South Africa`s Simayla Pharmaceuticals
German sportswear and apparel major Adidas is going for major expansion across India in 2008, which will involve setting up of around 160 new stores and setting footprints in 140 cities.
LEHMAN BROTHERS
Reports Q2 (May) loss of $5.14 per share, $4.92 below the First Call consensus of ($0.22) 2.8b LOSS
Co also announced that it intends to raise $6.0 billion through offerings of common stock
Co also announced that it intends to raise $6.0 billion through offerings of common stock
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