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Tuesday, December 09, 2008
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ACCIDENTS: Fire near RPL Jamnagar refinery
Huge pall of fumes seen near the refinery of Reliance Petroleum Ltd (RPL) in Jamnagar district sparked rumours and aroused considerable curiosity among the masses in the Saurashtra region of Gujarat on Monday. A company spokesman told ...

ALLIANCES & JOINT VENTURES: IOC signs pact with Adani for gas distribution venture
Kolkata, Dec. 8 Indian Oil and Adani Energy Ltd on Monday entered into a memorandum of understandingfor setting up 50:50 city gas distribution joint venture, according to sources. Adani Energy is the gas distribution arm of the ...

SECURITY: ‘Amend Arms Act, empower security personnel to reflect the changing role’
Chennai, Dec. 8 The role of the ‘security’ at the gate is changing from that of mere ‘watch and ward’ to a protector of lives and property, and the recent terrorist attacks are accelerating the pace of ...

ALLIANCES & JOINT VENTURES: Elgi Equipments to hold 26% in joint venture with German company
New Delhi, Dec. 8 Air compressor manufacturer Elgi Equipments Ltd on Monday announced the German equipment maker, J P Sauer & Sohn as a majority partner with a 74 per cent stake in a joint venture between the two ...

OUTLOOK: Ford expects turnaround well ahead of utilising full capacity of plants
Bangalore, Dec. 8 The US car maker Ford has said its Indian operations are expected to turn around much before the company utilises the full capacity of ...

ALLIANCES & JOINT VENTURES: SAIL, Steel Complex to sign pact
The State-owned Steel Complex Ltd will sign a joint venture agreement with the Central public sector Steel Authority of India Ltd (SAIL) on ...

COURTS/LEGAL ISSUES: HC asks excise dept to consider relief plea of GK Steels
Chennai, Dec. 8 The Central Excise authorities have been directed by the Madras High Court to consider the plea of GK Steels (Coimbatore) Ltd for granting concession under the Kar Vivad Samadhan Scheme, 1998, introduced by the Finance Act 21 ...

TRADE & LABOUR UNIONS: Labour Dept prohibits Bosch Union strike
Bangalore, Dec. 8 The Labour Department of the Rajasthan Government has prohibited the strike by Mico Bosch Labour Union and has ordered all the employees on strike to report for work ...

OUTLOOK: Lanco Infra weighs options in Vizhinjam port case
Hyderabad, Dec. 8 The Lanco Consortium is evaluating options against a Kerala High Court order challenging the award of development of Vizhinjam International Deepwater ...

OUTLOOK: DLF seeks de-notification of Delhi IT SEZ
New Delhi, Dec. 8 Real estate company DLF Ltd has approached the Government seeking de-notification of its yet-to-be-constructed IT SEZ in ...

OUTLOOK: Toyota Kirloskar plans vehicle financing arm
Hyderabad, Dec. 8 Toyota Kirloskar Motor Pvt Ltd plans to set up a vehicle finance arm to boost sagging sales as banks cut down ...

NEW BUSINESS: Karuturi's new contract
...

NEW PROJECTS: Gammon project financial closure
...

NEW BUSINESS: Kalpataru wins pipeline contract
...






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Markets (Dec 08)
Nifty (at close)2784.00(+69.60)
US Dollar (Buy/Sell)49.56/57
Brent crude (a bbl) Rs1,947
Gold (a gram) Rs1,138
Silver (a kg) Rs16,900

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