Wednesday, October 8, 2008

Electricals major Centum Electronics has announced that it has bagged an order worth Rs 43 million from a defence sector unit for the supply of sub-systems

Allahabad Bank, a leading public sector lender has inked pact with Universal Sompo General Insurance Co for selling its insurance products from November 1.
British Telecom (BT) has linked up with Bharat Sanchar Nigam Limited (BSNL), India’s largest telecommunication conglomerate with the aim to meet growing customer demands in the Indian market

Dynamatic Technologies has made announcement that the company has take over a UK-based aeronautic conglomerate, manufacturing highly engineered components and toolings.

Tata Consultancy Services (TCS) is planning to take over Citigroup`s captive BPO unit Citigroup Global Services (CGSL) for around US$ 550 million.


Sadbhav Engineering has informed that it has bagged Rs 1.65 billion order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam in joint venture with GKC Projects, Hyderabad.

Larsen & Toubro (L&T) has picked up 4.2% stake in Kalindee Rail Nirman Engineers, a New Delhi-based firm that executes railway signalling and telecommunication projects for the Indian Railways,

Gujarat-based Elecon Engineering Company has informed that the company has secured three orders from reputed clients, valued at Rs 51.74 crore.

JPMorgan Chase, one of the leading investment banks, has put forth its proposal to invest in the Steven Spielberg and Anil Ambani alliance, a $1.5 billion deal to produce 30-odd films.
GVK Power & Infrastructure has made announcement that the company has withdrawn its entire equity stake holding in its wholly owned arm, GVK Aviation (P)

Vishal Retail has made announcement that the company has opened 2 showrooms in Haryana that included one at Fatehabad and other at Panipat.

Thermax Ltd, a leading international solution provider in energy and environment engineering has announced that it has been awarded a contract worth Rs 4.5 billion for building a captive power plant.


Larsen & Toubro Infotech, a wholly-owned arm of country’s engineering & construction group Larsen & Toubro (L&T) has inked a partnership deal with U.S. - listed Astea International Inc.

Oil and Natural Gas Corporation (ONGC) has announced that the conglomerate is exploring the options to pick up oil blocks in Angola and Brazil.
Aaress Iron and Steel (AISL), has made announcement that the company envisages to pump Rs 4,500 crore for building its first integrated steel plant at Koppal, in northern Karnataka

The Madurai Bharat Sanchar Nigam Ltd (BSNL) has decided to roll out the long awaited IPTV Service, which would facilitate Broad band clientele watch 150 channels.

Drug manufacturer Strides Arcolab Ltd has announced that it has got sanction from US Food and Drug Administration (USFDA) for making oral products for the US market

ACC has announced that it is proposing to build hydropower projects from renewable sources with the aim to cut its power costs
Bharat Heavy Electricals (BHEL), eastern region will execute 38 projects adding up 13,828 MW in the 11th plan period,

Credit rating agency ICRA (ICRA) and Karnataka Bank have signed a memorandum of understanding (MoU) under which ICRA (Q, N,C,F)* will assign ratings to the bank`s loans and its other exposures under the RBI`s New Capital Adequacy Framework for Basel

Bharti Airtel announced the launch of Airtel digital TV, its Direct To Home (DTH) satellite TV service. The service will be available to customers through 21,000 retail points including Airtel relationship centers in 62 cities across the country starting October 9.

ECB injects USD 50 bn into money market

Infomedia India will be held on Oct. 10, 2008, to consider proposal of merger of I-Ven Interactive, Mumbai with the company.

IVRCL Infrastructures & Projects on Oct. 7, 2008 announced that the company has bagged a lift irrigation project worth Rs 4.99 billion from the Government of Andhra Pradesh (A.P), Irrigation & CAD Department.
Reliance Natural Resources (RNRL) is likely to produce the memorandum of understanding (MoU) between Mukesh Ambani and Anil Ambani at the Bombay High Court on Wednesday,..

Oil and Natural Gas Corporation (ONGC) has offered to sell a first cargo of light sweet Sakhalin-1 Sokol crude for December loading, a tender document showed on Wednesday

ONGC-Mittal Energy (OMEL), a joint venture (JV) between India`s biggest oil company, ONGC and L N Mittal group is planning to set up its first refinery in Nigeria with an outlay of around USD 4 billion,

Provogue India is planning to enter into the crowded food and grocery retailing sector in tie-up with an established retail chain,

Accentia Technologies, engaged in the business of healthcare receivables cycle management (HRCM), is planning to acquire a few functional companies in various cities in India,
TCS inks pact to acquire Citi`s captive BPO arm

Reliance Industries will commission its new 580,000 bpd refinery by the end of November that is within the firm`s targeted deadline of December

UK government will invest about 50 billion pounds (USD 87 billion) in an extraordinary step to avert a fall down of the U.K. banking system.

Dr Reddys gets USFDA approval for Primidone

Essar Wind Power, part of Ruia-controlled Essar group is likely to shelve its proposed joint venture (JV) with German based REpower Systems,