Thursday, July 10, 2008

USA job claims

U.S. 4-wk. avg. continuing jobless claims rise to 3.13 mln

U.S. continuing jobless claims rise 91,000 to 3.20 mln

U.S. 4-wk. avg. initial claims fall 10,000 to 380,500

U.S. weekly initial jobless claims fall 58,000 to 346,000

Shree Ashtavinayak Cine Vision has multiple releases lined up of best quality movies with an investment of over Rs 9 billion.

DS Kulkarni Developers (DSKDL) and ICICI Prudential PMS Real Estate Portfolio (ICICI Pru PMS) have entered into a JV (joint venture) to develop a premium high-end residential project at Bangalore

ICI India board to consider buy-back of shares price not exceeding Rs 575 a share

RiskTech, a Hexaware Technologies` subsidiary and a leading provider of enterprise risk management and risk technology services, has won three new consulting and implementation contracts in UK and Middle-East.


Tata Steel is planning to list Tata Steel Global Resources, its holding company for steel and raw material assets outside India, on the London Stock Exchange (LSE)

Bureau of Energy Efficiency (BEE) signed a memorandum of understanding (MoU) with Power Trading Corporation (PTC) to leverage the financial and technical strength of PTC

WNS Holdings has acquired Aviva Global Services, the UK-based insurance captive BPO in India and Sri Lanka, for USD 230 million This is one of the largest buyouts of a foreign captive BPO in India

Allied Digital Services has acquired 80.5% stake in infrastructure management business of US-based Enpointe Technologies for USD 30 million.

The board of directors of Era Financial Services India, at its meeting held on Jul. 09, 2008, has in principal approved the merger of Era Landmarks (India), a real estate firm, with the company subject to necessary approvals

Samtel bagged a major deal order worth more than Rs 2.5 billion from the Hindustan Aeronautics (HAL) to manufacture indigenous multi functional displays (MFDs) for SU-30 fighters and jet trainers.

Bharat Earth Movers (BEML) has bagged orders worth Rs 2.07 billion to export hydraulic excavators, rear dump trucks and bulldozers to Indonesia.


KSK Energy Ventures to list on July 14 The company issued shares at a price of Rs 240 as against the price band of Rs 240 to Rs 255 a share of Rs 10 each.

Flawless Diamond India has received orders for its Designer Diamond Jewellery from Samdiam Trading, Hong Kong worth of Rs 140 million and another order Dipar International FZE, Dubai worth of Rs 175 million. Total order is worth of Rs 315 million

Era Infra Engineering, a medium-sized construction company engaged in diversified construction activities is going to establish a thermal power plant of 1,200 MW (mega watt) in Madhya Pradesh.

Reliance Industrial Infrastructure jumps 4.40% Recently the company was alloted 1,395 acres of land to set up a SEZ by Haryana State Industrial and Infrastructure Corporation (HSIIDC).


DLF Board approves buy-back of 22 mn equity shares The board has decided to buy back shares upto an amount not exceeding Rs 11 billion and 22 million shares at a price not exceeding Rs 600 a shares.