Friday, July 18, 2008

Punj Lloyd has received an order from Tecnicas Reunidas, Spain for around USD 108 million. The order is for mechanical works on two offsites and utilities project of Abu Dhabi Polymers Company, UAE.

Sarda Energy & Minerals said that second 500 TPD sponge iron plant of the company has commenced operations on Jul. 17, 2008, taking the installed capacity of the company of manufacturing sponge iron to 3,60,000 MTs p.a. from the existing 2,10,000 MTs p.a.

Great Eastern Shipping Company (GE Shipping) signed a contract with Hyundai Heavy Industries, South Korea for construction of two Suezmax crude carriers of 158,000 deadweight tons (dwt) each

Pakistan government has blocked a proposal for importing 400 medicines from India following intense lobbying against the move by the local pharmaceutical industry


Bharti Airtel has announced its strategic tie-up with SKS Microfinance to make mobile telephony available and affordable for rural consumers.

Bharti Airtel has announced its strategic tie-up with SKS Microfinance to make mobile telephony available and affordable for rural consumers.

Yes Bank foresees huge business opportunity from its e-payment solutions offering,


Indoco Remedies is planning to launch around 40 drugs in the domestic market within a year,

ICI India may set up a decorative paints plant to increase its capacity The company is likely to finalize the location or investment details by the end of this year. The plant is expected to produce over 100 million litres a year by 2010. The company may set up the new plant in a tax free zone.

McNally Bharat Engineering has bagged Rs 2.46 billion order from Vedanta Alumina for commissioning three plants in Orissa,


Adlabs Cinemas sealed a deal with a consortium to construct a 15-screen multiplex in Mumbai,

Maxwell Industries is looking for entering into a marketing tie-up or a joint venture with an European firm

Gujarat State Petroleum Corporation (GSPC) is planning to invest Rs 40 billion over the next three to four years to produce oil and gas from the block it discovered in the Krishna-Godavari (K-G) basin off the Andhra Pradesh coast,


wholesale price index, inflation, trudged vertically up to 11.91% for the week ended Jul. 05, 2008, as compared with 11.89%

Celestial Labs has acquired the channel partnership of Microsoft to strengthen Celestial ERP business


Kilburn Engineering has entered into a MoU (memorandum of understanding) with Conwood Pre-Fab, Goregaon (E), Mumbai for purchase of land measuring about 8 acres at Dhamangaon near Mumbai, on the Mumbai-Nasik Highway at a consideration of Rs 159 million. The company will set up manufacturing facility at this location. The said project is expected to be operational by the end of 2009.

Vishal Information Technologies (VITL) is entering into capital market with a public issue of 2.79 million equity shares The issue will open on July 21 and will close on July 24. The company has fixed the price band at Rs 140 to Rs 150 a share.

BoB to launch retail loan factory in Bhopal

Polaris Software Lab, at its meeting held on Jul. 17, 2008, approved commencement of the real estate business activity,