Punj Lloyd has entered into a memorandum of understanding (MoU) with Thorium Power, USA to explore and identify the strengths of Thorium Power in the areas of deployment of its nuclear fuel designs in India,


Yashraj Containeurs buys 0.3 mn shares in Vas Infra

Ranbaxy Laboratories announced its marketing pact with US drug firm BioPro Pharmaceuticals, to sell its drug `Gliadel Wafer` used for treating brain tumor.

Reliance Industries (RIL) has made a decision to trim the number of employees in its aviation turbine fuel (ATF) business due to the poor performance of the aviation industry,

Amforge Industries, which employs more than 200 workers, has been shut down for 17 days

MARG, India`s leading diversified infrastructure and real estate development company, has been awarded the contract for the development and operation of the greenfield airport by the government of Karnataka, at Bijapur on BOT basis under the public-private partnership (PPP) model.

Nava Bharat Ventures announced on Thursday that the board of directors of the company will be meeting on Dec. 12, 2008 to consider the proposal for buy back of equity shares of the company.

BHEL bags Rs 20 bn contract from Oman

Maytas Infra, a Hyderabad based construction and infrastructure development company announced that it has bagged the rural electrification work contract worth Rs 2.22 billion from Power Grid Corportaion of India (PGCIL) under Rajeev Gandhi Grameen Vidutikaran Yojana (RGGVY).

Mukand has entered into an exclusive license pact with Kobe Steel of Japan to execute EPC (engineering, procurement and construction) contracts of Kobe`s coal-based iron making technology projects in India,

Mahindra (Uk) Sandstone Capital India Master Fund bought 1,630,000 shares at Rs 104.68 a share of Indiabulls Real Estate at the National Stock Exchange (NSE).

Reliance Life Insurance is set to hire 2,500 managers, besides 90,000 advisers in the next four months

Surya Roshni group company, Surya Global Steel Tubes (SGST) said it will infuse Rs 4 billion to establish a greenfield steel pipe manufacturing plant in Bhuj, Gujarat,


PVR, an operator of chain of multiplex theatres, is set to come up with 15 entertainment centers with bowling alleys and gaming zones by 2012

Nagarjuna Construction Company announced that A V S R Holdings, an investment company belonging to the promoters group, has acquired 191,216 equity shares of Rs 2 each of the company (equivalent to 0.08% of the paid-up capital).

jobless claims

U.S. continuing jobless claims up 89,000 to 4.09 mln

U.S. 4-week avg. jobless claims highest since Dec. '82

.U.S. weekly initial jobless claims up 21,000 to 509,000

U.S. 4-week avg. jobless claims up 6,250 to 524,500

European Central Bank cuts interest rate by 75 bps to 2.50%; analysts expected a 50 bps cut

Bank of England cuts benchmark interest rate by 100 basis points to 2.0%

RATE CUT

	Bank of England cuts benchmark interest rate to 2.0%

British Nov. house prices see 14.9% annual fall

Nomura Holdings Inc.is planning to lay off up to 1,000 of its 4,500 staff in London following its acquisition of the equities and investment banking operations of Lehman Brothers,

USA NEWS

Credit Suisse said Thursday that it will cut roughly 5,300, or 11%, of its jobs after posting a loss of around 3 billion Swiss francs ($2.5 billion) for the first two months of the fourth quarter.


Adobe Systems Inc. issued preliminary results for its fiscal fourth quarter and a sales outlook for the first quarter that fell short of expectations late Wednesday, while announcing that it will cut roughly 600 jobs.

Shares of SanDisk Corp. soared more than 25% Wednesday on speculation that Toshiba Corp. was considering buying the chip maker.

Belden Inc.the St. Louis producer of signal-transmission solutions for automation, data networks and electronics applications, said it will cut 1,800, or 20%, of its jobs