TATA STEEL READY TO SELL 20BLN STAKE ...


INDIA GOVT ORDERED STEEL CO'S TO REDUCE PRICE

Tata Motors, one of India`s largest car producers will launch new second-generation Tata Indica by name of Indica Vista


Era Infra secures contract worth Rs 1.11 billion FOR p-gradation, renovation and new construction for Commonwealth Games 2010 in J N Stadium Sports Complex, New Delhi.


Kolkata-based Rohit Ferro Tech is likely to buy a large-sized chrome ore mine in Africa,

Adlabs is likely to merge with Reliance Big Pictures soon

German co. to invest EUR 200 mn in Phoenix Mills venture

Hindustan Zinc becomes world`s 2nd largest zinc producer

Saudi Arabia permits foreigners to buy shares

Saudi Arabia agreed to allow foreigners to buy shares listed on its stock market through licensed intermediaries, reports Business Standard.

In order to diversify market`s investors base foreign investors can now buy shares through certain licensed Saudi investors, who would be the legal owners of the shares, the Capital Markets Authority (CMA) said.

The Saudi stock market, also called Tadawul, has been the least open among Gulf Arab bourses to foreign investors, up to now giving foreigners access to stocks only through select funds.

Under the new measure, potential foreign investors would be entitled to returns related to their share purchases and must take on all of the economic exposure, the CMA said.

Take Solutions, a leading international business technology company at its board meeting held on Aug. 22, 2008, has decided to purchase land in SEZ in Tiruchy and Tirunelveli. Further the company will increase its 100% shareholding in step down subsidiary Applied Clinical Intelligence Inc.,USA...


Ansal Properties and Infrastructure, a leading real estate developer in India, said that Merrill Lynch Capital Markets Espana has acquired a further 1.03% stake in the company to raise its holding to 5.96%


Roman Tarmat earmarked Rs 227.6 million for investment in capital equipment as per the issue prospectus. Of this, the company has already utilized Rs 193.7 million for the purpose.


Oil and Natural Gas Corporation (ONGC), India`s largest crude oil producers is in a lead to buy Imperial Energy, a GBP 1.2 billion London-based oil exploration and production company