Wednesday, September 24, 2008

Warren Buffett's Berkshire Hathaway to buy $5 billion of Goldman Sachs preferred stock helped lift U.S. stock futures on Wednesday.
Steel Authority of India (SAIL), a government run company, is planning to invest Rs 1.5 billion, Rs 600 million more than original plan in Jammu and Kashmir`s Pulwama district,

Swan Telecom, an Indian mobile telephony provider, signed an agreement with UAE-based Emirates Telecommunications (Etisalat) to sell 45% stake of the company for USD 900 million

Alok Industries plans to open 500 stroes by FY10




Subex launches `Velocity` for mobile service providers

Reliance Power (R-Power) is planning to invest over Rs 600 billion in renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power,

Tatas Rs1-lakh car is planned to roll out from Uttarakhand by the end of October,

Reliance Natural Resources plans to enter cement manufacturing and shipping activities with an investment of Rs 120 billion

Reliance Power on Tuesday said it will tie up funding of Rs 360 billion by this year for two ultra mega power projects of 4,000 mw capacity each in Sasan and in Krishnapatnam,

Mukand is planning to set up a stainless steel wire manufacturing facility near Nashik, at a total investment of Rs 3 billion,
MMTC has invited tenders for selling imported pulses,

Simplex Infrastructures secures Rs 6.30 bn order from Dubai

Larsen & Toubro (L&T) bagged Rs 50 billion orders in buildings & factories segment on Sep. 24, 2008.

BlackRock, a New York-based asset management company, which is the largest quoted asset management company in the world, managing assets in excess of USD 1.3 trillion will acquire a 40% stake in DSP Merrill Lynch Fund Managers, a leading Mutual Fund company in India,

US Senate panel okays Indo-US nuke deal

Vedanta Resources has announced that it has dropped its corporate restructuring plans due to the global financial turmoil and feedback received from investors.
Tata Motors has moved equipment key to manufacturing `Nano,` the ultra-cheap car, from its under- construction plant at Singur in West Bengal to another facility in order to meet its roll-out obligation

Shri Lakshmi Cotsyn, on Wednesday, September 24, announced the launch of its brand `Weaves` for eco-friendly bed sheets and terry towels category.

Eastern Silk Industries will spend Rs 800 million at its Bangalore plant for manufacturing velvet and jacquard fabrics,

Pakistan and Iran have agreed to speed up work on the multi billion dollar Iran-Pakistan-India gas pipeline project and set up a joint company to raise capital for the project.

The US Federal Bureau of Investigation (FBI) has begun an investigation against four major US financial institutions caught up in the current financial crisis.