Tuesday, June 17, 2008
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
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
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