Friday, June 20, 2008
China raises prices for fuel, electricity
China raised prices for fuel by as much as 18 percent on Friday in a move intended to cool the nation's surging energy consumption.
2 former Bear Stearns hedge fund managers charged
Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown.
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Hindustan Petroleum Corporation (HPCL) is planning to buy four sugar mills in Andhra Pradesh (AP) to source ethanol and blend it with petrol
IVRCL Infrastructure and Projects is close to buying a Swedish construction equipment manufacturer
Ashok Leyland has formed a new company Albonair GmbH in Dortmund, Germany
Airlines declare hike in base fares of up to Rs 3,000
Advanta India, through its subsidiary, has acquired the sunflower seed business of Limagrain in the USA
NTPC starts operation at Sipat
L&T crosses Rs 10 bn order book for hi-tech equipment
Hyderabad-based Cambridge Technology Enterprises announced the completion of all formalities related to the acquisition of CellExchange, a Cambridge-based system integrator company
HP power plant restarts production
Rain Commodities` second unit situated in Kurnool has started commercial production of its expanded capacity of 1.5 million metric tons of cement per annum
NALCO likely to cut output due to coal shortage
Hindustan Organic Chemicals will be re-starting its caustic soda plant at Rasayani in Raigad district after a gap of over eight years
PFC sanctions Rs 100 bn loan to NTPC
Hindalco Industries board approves right issue in the ratio of 1:3
Maytas Infra to invest Rs 1.10 bn to setup new airport at Shimoga Karnataka
Deccan Chronicle Holdings launched its Mumbai Edition of `Financial Chronicle` on June 20, 2008 in association with the `International Herald Tribune"
Glenmark Pharma receives USFDA approval for Trandolapril tablets
BSE in pact with BoB for clearing and settlement
Inflation rockets to 11.05%