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Thursday, March 19, 2009
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OVERSEAS BORROWINGS: IOC eyes overseas funds for Paradip project
Domestic funding of Rs 9,800 cr by SBI-led consortium. New Delhi, March 18 Indian Oil Corporation Ltd plans to raise almost Rs 15,000 crore from the domestic and external markets to part finance its grassroot refinery complex at Paradip, ...

OUTLOOK: KIOCL likely to post loss in Q4
No sales since end of December. Kolkata, March 18 KIOCL Ltd is set to end the fourth quarter of this fiscal with a loss of approximately Rs 25-30 crore due to lower demand for iron ore pellets from steel ...

ANNOUNCEMENTS: Strides plants get US cGMP tag
Strides Arcolab Ltd said the US FDA has granted an “inspection approval status or Zero 483 status” to its sterile injectables complex in Bangalore. At a time when the Bangalore-based generic drugs maker is planning sales in the ...

PERFORMANCE: Bhilai Steel Plant stepping up railway facilities to meet demand
Kolkata, March 18 Bhilai Steel Plant (BSP) is adding to its railway facilities to meet the additional requirement to be thrown up by the projected increase in rail-borne traffic by 2011-12 when the capacity expansion programme, currently ...

OUTLOOK: Delphi sees ‘huge potential’ for engine management system
Coimbatore, March 18 Auto component manufacturer Delphi Corporation is set to capitalise on the huge business opportunity in engine management system as emission norms become tougher in India, according to a senior executive of ...

ALLIANCES & JOINT VENTURES: BEML to sell French firm’s tunnel boring machines
Bangalore, March 18 BEML Ltd, a mini-ratna public sector company, has signed a memorandum of agreement (MoA) with NFM Technologies, France, for the manufacture of tunnel boring machines (TBMs) in ...

OUTLOOK: German co Wirtgen plans facility in Pune
Pune, March 18 German manufacturer of road construction and mining equipment Wirtgen GmbH is setting up a manufacturing facility at Pune. The project, which involves an investment of around Rs 30 crore, is expected to begin production of ...

ANNOUNCEMENTS: Maytas Infra board meets today
Maytas Infra Ltd has convened a meeting of its board of directors on Thursday to take up issues relating to the company business and also appointment of two directors nominated by the ...

ALLIANCES & JOINT VENTURES: H&R Johnson in pact with Gujarat co
...

NEW BUSINESS: ICSA bags Rs 464-cr orders
Hyderabad, March 18 ICSA India Ltd, which offers embedded technology solutions for the power sector, has received work orders worth Rs 464.17 crore from different State ...

STANDARDS & BENCHMARKS: Turkey nod for GVK Bio unit
...

ANNOUNCEMENTS: Coromandel Fert additional director
...

SOCIETY & DEVELOPMENT: MRPL help for water supply
...

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




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Markets (March 18)
Nifty (at 3.30 pm)2,794.70(+37.25)
US Dollar (Buy/Sell)51.33/35
Brent crude (a bbl) Rs2,400
Gold (a gram) Rs1,411
Silver (a kg) Rs22,665

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