Indraprastha Gas (IGL) will set up a joint venture (JV) company along with Siti Energy to undertake the City Gas Distribution project in Haryana,

NIIT Technologies is looking for acquiring companies in the travel and insurance space, so as to expand its revenue base

Reliance Petroleum (RPL) on Tuesday (July 22) said that it would commission its refinery ahead of schedule. The company said that nearly 94% of the project has been completed.

Info Edge India is all set to buy 40% stake in the New Delhi-based education content developer Applect Learning Systems for Rs 65 million.

Unitech planning to enter into the business of general insurance,

Birla Leasing & Infra is now `Birla Capital and Financial Services`

Skyline Millars will be held on Jul. 29, 2008, to consider sub-division of the face value of equity shares of Rs 10 each into face value of Re 1,

US Oil co. files for bankruptcy

The US physical oil trader company, SemGroup has filed for bankruptcy, reports agency sources. The company filed for bankruptcy as it reported trading losses of over USD 3.2 billion in different energy markets after betting that crude oil prices would fall this year.

Traders sold oil futures as news emerged that tropical storm Dolly will miss oil and natural gas installations in the US Gulf of Mexico.

Marked as the fourteenth largest of US private held company, SemGroup bankruptcy will affect approximately USD 3.1 billion of debt. Oil company BP was the largest creditor, accounting for around USD 160 million.

Ranbaxy Laboratories announced the Day-1 launch of its first independently developed generic product; Amlodipine tablets 2.5mg & 5mg in Japan.

Polar Industries terminated the distributionship agreement with Asia Pacific Brands India (APBIL) from Jul. 21, 2008.

TATA Motors is positive about Fiat SpA `s help to sell the ultra-cheap Nano model overseas

Onco Therapies (OTL), the joint venture between Strides Acrolab and Aspen Pharmacare Holdings today concluded a licensing pact with leading multinational pharmaceutical corporation, Glaxo SmithKline (GSK)

Ahluwalia Contracts (India) is planning to acquire 100% stake in five private limited companies.

Valecha Engineering bagged two new projects worth Rs 1.33 billion, approximately.The first order is for a road project at Indore worth Rs 980 million approximately.The second project is for bridge project at Delhi worth Rs 350 million approximately to be executed in 18-24 months


J Kumar Infraprojects bags orders worth Rs 530 mn he first order, valued at Rs 200 million is from Mumbai Metropolitan Region Development Authority (MMRDA) for construction of `sky walk`. The second order, valued at Rs 330 million is from Planning Cell, Engineering Services & Project Building for Augmentation of SWD system of Kharoo Creek Nalla.


JP Morgan Chase will buy 33% stake in an SPV of the realty firm Alok Infrastructure, a wholly-owned subsidiary of the Mumbai-based Alok Industries.

Nu Tek India IPO opens on July 29

Nu Tek India, a telecom infrastructure services provider offering infrastructure rollout solutions for both mobile and fixed telecommunication networks, will enter the capital market on July 29, 2008, with an initial public offering (``IPO``) of 4,500,000 equity shares of Rs 10 each The price band has been fixed between Rs 170 and Rs 192 per equity share