Wednesday, September 17, 2008

satyam

Satyam Computer Services Ltd India's fourth-biggest software services exporter, said on Monday it had received an SAP implementation contract in Oman.
Tata Steel and Tokyo-based Nippon Steel Hardfacing Company (NSH) have signed an agreement, which implicates the Indian steel major to use NSH`s welding technology

ONGC now plans to enter into solar and geothermal energy

Tata Consultancy Services (TCS), on Wednesday, September 17 announced that it has signed a five year global contract with Ericsson the world-leading supplier in telecommunications, to deliver application maintenance and development services for Ericsson`s internal IT operations.

Google will launch the first mobile phone running its Android software in a joint initiative with T-mobile in the coming week

Polaris Software Lab. announced the launch of the new version of its portal solution intellect `Unified Portal` for corporate banking customers.

Wipro, Copal Partners bid for Lehman`s Indian back office

3i is in discussions to pick up a 4-4.5% equity stake in Adani Power for Rs 18 billion,

ICICI Bank said it might need to make an additional provision of USD 28 million on its exposure to bonds issued by investment bank Lehman Brothers, which has filed for bankruptcy in the US
Shriram EPC on Wednesday September 17, announced that it has been awarded two orders amounting to Rs. 809.7 million from Rashtriya Ispat Nigam for its Visakhapatnam Steel Plant.

Infosys secures multi-year contract from Wartsila

Ambalal Sarabhai Enterprises, announced on Wednesday September 17, that it has acquired 100% paid up capital of Suvik Hi-tek (P) which will now become Ambalal Sarabhai`s wholly owned subsidiary.

McNally Bharat Engineering Company have received a contract valuing Rs 871.2 million from Damodar Valley Corporation

Construction player, Era Infra Engineering announced on Wednesday, September 17 that it has bagged another contract approximately valuing Rs 707.50 million for up-gradation, renovation and new construction for Commonwealth Games to be held in 2010 at Dr. Karni Singh Shooting Range, Delhi.

USA economic data

U.S. single-family building permits down 40% in past year

U.S. 2Q current account deficit equal to 5.1% of GDP

U.S. 2Q current account deficit widens to $183.1 billion

U.S. Aug. housing starts weaker than 955,000 expected

U.S. Aug. single-family building permits fall to 26-year low

U.S. Aug. building permits fall 8.9% to 854,000, 17-year low

U.S. Aug. housing starts fall 6.2% to 895,000, 17-year low
AIG got 85BLN loan from FED for 24 months .After 24 months AIG repay the loan to fed by selloff assests