Tuesday, June 17, 2008

Voltas buys remaining 50% stake in UCPL( Universal Comfort Products)

Tech Mahindra enters into strategic alliance with Microsoft Corp.

Allied Digital Services bagged the contract worth Rs 200 million from GMR Projects.

KEC Int. bags order worth Rs 1.6 bn from NESCL


Goldman acquires stake in Sterling & Wilson for USD 50 mn




USA economic data

GS beats by $1.16


U.S. PPI up 7.2% in past year


U.S. May crude energy PPI up 13.1%

U.S. May housing starts fall 3.3% to 975,000 annual rate

U.S. May building permits fall 1.3% to 969,000 annual rate

U.S. May housing starts lowest in 17 years

Housing starts fall to 17-year low in May

Volkswagen all set to foray into Indian shores

ArcelorMittal inks pact to acquire Bayou Steel, US

JSW Steel to pump in Rs 140 bn by 2010

Maytas Infra bags contract for Gulbarga airport project

Asian Development Bank (ADB) is understood to have agreed to provide USD 500 million in long-term debt for Reliance Power`s (RPower) 4,000 mw Krishnapatnam ultra-mega power project

Radha Madhav to start production at Rudrapur unit

Tilaknagar Industries has acquired Surya Organic Chemicals and Prag Distillery by way of purchase of 100% shareholding

Open offer for Ranbaxy opens on August 8

S Kumars Nationwide is eyeing potential acquisition opportunities in Europe and North America.

Ashok Leyland has made a strategic investment in Germany-based Albonair, for development of vehicle emission treatment, control systems and products.

South Indian Bank board to consider bonus issue meeting will be held on Jun. 28

Dr Reddy`s receives USFDA approval for Venlafaxine hydrochloride tablets

Balmer Lawrie earmarks Rs 1 bn for expansion

Transport Corporation of India (TCI) is all set to dilute promoter holding by about 10% 680 mn to raise capital for its expansion plan