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OVERSEAS INVESTMENTS: Suzlon setting up wind turbine unit in Spain
Also bags contract for turbine supply from Eufer. Wind turbine maker, Suzlon Energy will set up a blade manufacturing facility in Andalusia, Spain. It is scheduled to be commissioned by December ...

NEW BUSINESS: Alstom gets Rs 265-cr Lanco order
Alstom Projects India Ltd (APIL) today said it has been awarded a contract worth Rs 265 crore by Lanco Infratech Ltd to install a new power plant on the Teesta River in Sikkim. The 500-MW plant, Teesta VI, will be connected to the ...

OVERSEAS INVESTMENTS: 5 proposals for overseas buys
Export Import Bank of India has received five proposals from Indian companies looking for overseas acquisitions in the current fiscal. In 2007-08, there were more than 40 proposals of acquisitions by companies. This declined to 16 in 2008-09. ...

OUTLOOK: JSW Energy scouting for partners for boiler venture
Co eyes 3,400 MW generation capacity by Dec 2010. Chennai, July 10 JSW Energy, which has tied up with Toshiba of Japan for producing turbine-generators for power plants, wants to get into boiler manufacture too and is looking ...

ALLIANCES & JOINT VENTURES: Cadila, Novavax tie up to bring swine flu vaccine to India
Dholka (Ahmedabad), July 10 Cadila Pharmaceuticals Ltd on Thursday announced a joint venture with US-based vaccine company Novavax Inc to, among other things, introduce in India a vaccine against ...

OUTLOOK: Nalco awaits Centre’s nod for bauxite mining in AP
Kolkata, July 10 National Aluminium Co (Nalco) has moved a step forward in its effort to obtain bauxite mining leases in districts of Visakhapatnam and East Godavari in ...

COURTS/LEGAL ISSUES: Sun Pharma, Forest settle legal issues on anti-depressant
Mumbai, July 10 Sun Pharmaceutical has entered into agreements with Forest to settle legal proceedings on Lexapro (escitalopram oxalate) tablets, used as an ...

NEW PROJECTS: TN allots land for Bavina Cars’ facility
Chennai, July 10 Chennai-based Bavina Cars India Ltd on Friday received the allotment letter for setting up a manufacturing facility in the 100-acre plot in the special economic zone in Ranipet to make battery operated passenger ...

RESTRUCTURING: TRF relocating trailer undergears facility from Australia to Jamshedpur
Kolkata, July 10 TRF Ltd is shifting the production of trailer undergears facility of York Transport Equipment (Asia) Pte, a Singapore-located subsidiary, from Australia to its plant ...

NEW PROJECTS: Power steering
...

NEW BUSINESS: Punj Lloyd arm bags Libyan orders for Rs 5,904 cr
Mumbai, July 10 Punj Lloyd’s wholly owned subsidiary Sembawang Engineers and Constructors (Sembawang) has bagged three orders totalling Rs 5,904 crore ...

RESEARCH & DEVELOPMENT: 3M India to invest Rs 60 cr in R&D lab
Bangalore, July 10 3M India, which has five manufacturing plants in India, plans to invest Rs 60 crore in setting up a second R&D lab ...

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




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Markets (July 10)
Nifty (at close)4,003.90 (-77.05)
US Dollar (Buy/Sell)49.00/01
Brent crude (a bbl) Rs2,981
Gold (a gram) Rs1,352
Silver (a kg) Rs22,410

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