Wednesday, October 1, 2008

Mitsubishi UFJ Financial Group (`MUFG`), Japan`s largest financial group and the world`s second largest bank holding company to invest USD 9 bn in Morgan Stanley

Steel Authority of India (SAIL) has signed a memorandum of understanding (MoU) with Larsen & Toubro (L&T) to jointly set up, develop, manage and own captive/independent power plants at suitable locations to meet future power requirements of SAIL

Parsvnath Developers (PDL), India`s leading real estate company with pan India presence having diversified portfolio, has announced the launch of Parsvnath Pratishtha, a Group Housing project at Pune.





Phillips Carbon Black announced that its 30 MW co-generation power plant at Durgapur has been commissioned on September 29.

Polaris Software Lab today announced that it has signed a definitive agreement to acquire SEEC, a US-based product and component services company for Insurance Vertical in an all cash deal.

Idea Cellular, an Aditya Birla group company, on Tuesday, September 30, formally launched its GSM service in the states of Bihar and Jharkhand,

Venkatesh Roddam resigns as head of Satyam BPO

Parsvnath Developers (PDL), a leading real estate company with pan India presence, announced the launch of Parsvnath Pragati a Group housing project at Dharunera.
Bharat Electronics (BEL) is making a capital expenditure of Rs 5.7 billion in the next two years ending March 2010 to modernize its manufacturing plants in the country,

State-run oil firms on Tuesday slashed aviation turbine fuel (ATF) prices for the second straight month, by over 5% in step with fall in international oil prices

Bharat Electronics has bagged a Rs 1 billion order to supply 1.02 lakh electronic voting machines (EVMs) to the Election Commission

Reliance Industries (RIL) will sell its Krishna-Godavari (KG) basin oil at a discount of around USD 5 per barrel to Brent crude oil,

The Government of Kerala (GOK) today issued Letter of Intent (LOI) to the Lanco Group companies for Vizhinjam International Transhipment Terminal port project.
20 Microns (20ML), one of the India`s largest producers of white minerals and the first to implement Securities Exchange Board of India`s (SEBI) Applications Supported by Blocked Amount (ASBA) process will debut at the bourses on Monday, October 6.

Reliance Money has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board,

GE Healthcare, an arm of General Electric Company, is planning to invest USD 200 million in India,

IT major Wipro`s promoter Azim Premji is investing Rs 800 million to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur,


ICICI Bank has approached the Securities & Exchange Board of India (SEBI) to check if there was a concerted attempt to hammer its share price,

Vipul plans Rs 4 bn housing project in Orissa
Panacea Biotec on Oct 1,2008 announced that the company through its wholly owned subsidiary, Kelisia Holdings has tied up with and has made an equity investment worth USD 13.1 million in PharmAthene, US.

Sistema, one of the largest public diversified corporation in Russia and the Commonwealth of Independent States will invest over USD 1.5 billion in India next year to build a pan-India telecom network on the code division multiple access (CDMA) platform,

Polaris Software up 5.32% on acquisition news The company signed an agreement to acquire US-based technology firm SEEC Inc in an all cash deal.

Bharat Sanchar Nigam (BSNL), the public sector undertaking (PSU) is soon going to launch 3G and WiMax services.

WABCO-TVS (India) got re-listed at the bourses on Wednesday, October 1.on the Bombay Stock Exchange (BSE).