Monday, July 7, 2008

Reliance Money, the broking and financial services arm of Reliance Capital has entered into a distribution tie-up with the Nigeria-based Chellarams

Larsen & Turbro (L&T) has secured an order worth Rs 4.46 billion from JSW Power Transco for evacuation of power

SpiceJet up 15% as UB plans to acquire stake

Century Extrusions commenced commercial production of hardware for power transmission & distribution lines, with effect from Jul. 07, 2008.


CSA India secured work order for a total contract value of Rs 798.8 million from Ajmer Vidyut Vitran Nigam.


Bharat Heavy Electricals (BHEL) is set to win the order for boilers for the 1,600-mw Krishnapatnam power project of Andhra Pradesh Power Generation Corporation (APGENCO), The order is valued at Rs 25 billion.

Infrastructure major Larsen & Toubro has decided to split its Engineering Construction and Contracts Division
plans public issue

Axis Bank plans to set up 210 more branches across the country in this year

LIC is losing business in the overseas market year after year as it has failed to attract new customers amid stiff competition

The Rs 44 billion joint venture project between Hero and Daimler to build commercial vehicles will come up in Tamil Nadu
Cairn India on July 07, 2008 signed the `Petroleum Resources` agreement for the exploration license to explore oil and natural gas in the Mannar Basin with the Government of Sri Lanka.

Satyam Computer Services, a leading IT company, entered into a joint venture with Tyfone, a global provider of mobile financial services, infrastructure and fully-integrated mobile payment capabilities. The joint venture will help companies provide a greater edge while competing in the mobile financial service sector.

India Infoline group announced that it has received the in-principle approval for the insurance broking license from IRDA. The approval has been received by its insurance broking subsidiary, India Infoline Insurance Brokers.


Biocon is proposing to set up a new R&D entity for discovery and innovative drug development initiatives.


VVF, India`s leading producer of Oleo chemicals and personal care products, acquired a soap manufacturing plant from Henkel, a German-based global company in Poland.

Everonn Systems India signed an MoU with the Director of Higher Education, Himachal Pradesh State Government to implement IT education in 793 senior secondary schools across all 12 districts of Himachal Pradesh.