Friday, June 27, 2008

Parsvnath Developers received a contract worth Rs 1.25 billion from Buddha Smriti Udhyaan Development Company to develop Buddha Smriti Udhyaan at Patna.


Sourav Ganguly is Castrol Asian Cricketer of the Year 2007



U.S. May real disposable incomes flat excluding rebates

U.S. May incomes, spending get boost from rebates

U.S. May incomes rise 1.9% vs. 1.5% expected

U.S. May core inflation up 0.1%, vs. 0.2% expected


General Motors Corporation

General Motors Shares end 33year low at $11.43

ABG shipyard

ABG shipyard gets order from Sealion shipping worht 585cr

Religare Enterprises (REL)

Religare Enterprises (REL) is planning to raise Rs 10.75 billion by allotting shares or bonds to the promoters or promoter-entities, Further the company also received its board`s approval for entering into non-life insurance sector and the company has started looking for partners.
BHEL bags Rs 5.06 bn order from ONGC

RFCL, an ICICI Venture-owned company is set to acquire Italian company Carlo Erba SPA, Carlo Erba is a major player in laboratory chemicals.

Star India, one of India`s leading broadcasters is having 25.99% stake in Balaji Telefilms and is looking to sell its stake.

ABG Shipyard has bagged USD 137 million order from UK-based Toisa, marking its entry into the construction of sub-sea vessels,

Essar Power has planned an investment of Rs 48 billion for setting up a 1,200 mw co-generation power plant in Gujarat

Axis Bank acquires stake in HCC arm for Rs 2.5 bn



Birla Cotsyn IPO opens on June 30

Birla Cotsyn plans to enter the capital market with an IPO of Rs 1,441.8 million to fund its project. The company has fixed a price band of Rs 15 to Rs 18 a share of face value of Rs 10 each. The company is of the Yash Birla Group, engaged in textile manufacturing

crude oil

Crude oil up $1.23 at $140.87, peaked at $141.71

Crude oil hits record high in electronic trading

india inflation

India's inflation surged to a 13-year of 11.42% in the week ended June 14 from the same period a year earlier, official data reportedly showed on Friday, raising chances of further monetary and fiscal steps to cool soaring prices. The latest data compares with inflation of 11.05% in the previous week, and the Reserve Bank of India's stated comfort level of 5.5%