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Tuesday, February 10, 2009
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ANNOUNCEMENTS: Tata Sons pledges 14.6% stake in Tata Steel, 13% in Tata Power
Pledged Tata Steel shares are worth Rs 1,900 cr at current market prices. Mumbai, Feb. 9 Tata Sons Ltd has pledged shares constituting 14.6 per cent and 13 per cent stake in Tata Steel and Tata Power Company, respectively, close to half of the ...

REGULATORY BODIES & RULINGS: ICAI panel pulls up auditor in GTB case
New Delhi, Feb. 9 The disciplinary committee of the Institute of Chartered Accountants of India (ICAI) has concluded that the chartered accountant who audited and certified the balance sheet of the Global Trust Bank (GTB) for the financial ...

ANNOUNCEMENTS: TTK Prestige tanks on freezing of de-list move
‘Changed economic situation’ cited as reason. Coimbatore, Feb. 9 The announcement by the management of TTK Prestige Ltd, a manufacturer of kitchen appliances, to freeze its proposal to de-list the company’s shares from the ...

NEW BUSINESS: BEML bags order for 150 rail coaches from Bangalore Metro
Order worth Rs 1,672 cr; first delivery in Oct 2010. Bangalore, Feb.9 BEML, a Defence public sector undertaking, will be hitching a ride to rapid growth powered by the rail coaches business, expecting the segment to contribute a significant ...

NEW PROJECTS: NAPC, Lackeby to jointly bid for water projects
Indian company to be lead member, Swedish partner will be sub-contractor. Chennai, Feb.9 Lackeby Water Group of Sweden is set to tap the Indian market for water treatment and water management projects through an agreement with NAPC Ltd, a ...

NEW BUSINESS: BHEL bags Rs 7,000-cr orders
State-run equipment firm Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has received four contracts worth Rs 7,000 crore from three power project developers. The contracts have been placed on BHEL by NTPC Ltd, NLC Tamil Nadu Power ...

OUTLOOK: Ford India sees no break in capacity expansion plans
Chennai, Feb. 9 Ford India’s capacity expansion programmes are progressing as scheduled despite the slowdown in the Indian automotive industry and the recessionary trend in the ...

FINANCIAL PERFORMANCE: Mahindra Forging posts Rs 41-cr Q3 loss
Mumbai, Feb. 9 Mahindra Forgings Ltd has reported a loss of Rs 41 crore for the third quarter of the financial year against a profit of Rs 4 crore for the same period last ...

ANNOUNCEMENTS: India Cements promoters pledge 82%
Chennai, Feb. 9 The promoters of India Cements Ltd have pledged 82 per cent of their equity stake, according to information provided by the company to the stock exchange. The announcement does not provide the details of the entities to which ...

NEW BUSINESS: Metro order may give revenue push to BEML
A BEML-led consortium has won an order worth Rs 1,672 crore for the supply to 150 metro rail coaches to Bangalore Metro Rail ...

NEW BUSINESS: Rs 250-cr orders for Supreme Infra
Supreme Infrastructure has bagged orders worth Rs 249.84 crore, which include construction of roads, bridges, flyovers and commercial buildings in Maharashtra and Rajasthan. The orders are scheduled for completion in 24 months. Among the ...

NEW BUSINESS: NCC bags Rs 712-cr orders
Nagarjuna Construction Company Ltd has secured four new orders aggregating Rs 712 crore. The orders are from Singareni Collieries (Rs 360 crore), National Building Construction Corporation (Rs 161 crore), Bangalore Metro Rail Corporation (Rs ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Feb 09)
Nifty (at close)2,919.90(+76.80)
US Dollar (Buy/Sell)48.58/59
Brent crude (a bbl) Rs2,230
Gold (a gram) Rs1,321
Silver (a kg) Rs21,945

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In Focus
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Other Top Stories
India Cements promoters pledge 82%

Panel to meet today on additional borrowings for next 2 months

PEs show preference to better diligence

Momentum counters back in focus

BEML bags order for 150 rail coaches from Bangalore Metro

Telecom Dept asks TRAI to expedite report on RCom

Looking back
Feb. 1-Feb. 7
Tata Motors bags Rs 2,200-cr DTC order

Sun Pharma initiates mediation on Taro

CIL’s new wage bill likely to push up price of coal

ONGC to study option of setting up refinery in Rajasthan

NMDC to go slow on buying mining assets abroad

ACC net down 16 pc, sales remain flat

Khusrokhan: Always up to the challenge!

Tata Motors begins re-hiring laid off workers

Tata Steel output rises in Jan


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