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Tuesday, November 11, 2008
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NEW BUSINESS: L&T consortium wins Mumbai monorail deal
Rs 2,460-crore order for developing 19.54-km stretch. Mumbai, Nov. 11 Larsen & Toubro and Malaysia-based Scomi Engineering Bhd will together build the country’s first monorail system in ...

ALLIANCES & JOINT VENTURES: Bharat Forge, Alstom to form two joint ventures
To manufacture equipment for power sector. New Delhi, Nov. 10 Bharat Forge Ltd and Alstom Ltd will form two joint venture companies for manufacturing equipment for power sector, the companies announced ...

OUTLOOK: ‘We’ve spooked ourselves into thinking there is a slowdown’
It’s a crisis of confidence, says L&T’s J.P. Nayak. Most of today’s problems in India have come as a result of sudden disappearance of liquidity; it is not that the demand has gone ...

NEW PROJECTS: Delphi Corp to invest Rs 250 cr near Chennai
Electronics manufacturing facility to go on stream by next year. Chennai, Nov. 10 Automotive component manufacturer Delphi Corporation on Monday announced setting up of its electronics manufacturing facility in Oragadam, about 40 km from ...

NEW BUSINESS: East Coast Energy secures nod for Rs 600-cr jetty
Maytas to get more financial support for Masula port. Hyderabad, Nov. 10 East Coast Energy Ltd, now in the process of securing clearances for a 2,640 MW coal-based plant near Bhavanapadu in Srikakulum district of the State, has received nod to ...

RESTRUCTURING: McNally Bharat has 87% stake in McNally Sayaji
Kolkata, Nov. 10 The board of directors of McNally Bharat Engineering Company Ltd, at a meeting here on Monday, approved a scheme of arrangement for reconstruction of the company and McNally Sayaji Engineering ...

MERGERS & ACQUISITIONS: RIL arm may take 67% stake in KG Gas Network
AP works towards expediting supply of gas from KG basin. Hyderabad, Nov. 10 Reliance Gas Corporation Ltd, a subsidiary of Reliance Industries, has been invited to acquire 67 per cent stake in the Krishna Godavari Gas Network Ltd, a special ...

AWARDS & HONOURS: MMTC bags Capexil award
New Delhi, Nov. 10 MMTC Ltd has bagged the Capexil (Chemical and Allied Products Export Promotion Council) award for 17th time in a ...

OUTLOOK: CESC plans Rs 2,000-cr investment to revive distribution network
CESC Ltd plans to invest Rs 2,000 crore over the next five years in rejuvenating its power distribution ...

ALLIANCES & JOINT VENTURES: Punj Lloyd, Dayim eye infra projects in Saudi Arabia
New Delhi, Nov. 10 Punj Lloyd Group, the engineering, procurement and construction conglomerate, on Monday announced a joint venture between its wholly-owned subsidiary Sembawang Engineers and Constructors Pte Ltd (Sembawang) and ...

DIVERSIFICATION: Murugappa group plans infrastructure biz entry
Chennai, Nov. 10 Chennai-based Murugappa group is planning to enter the infrastructure ...

NEW PROJECTS: Aries Agro starts new unit in Lucknow
Mumbai, Nov. 10 Aries Agro, a speciality micronutrient manufacturing company, has started production from its newly set up unit in Lucknow. The company has invested Rs 2.10 crore in the seventh manufacturing plant with a production capacity ...

NEW PROJECTS: RHW Hotel expanding presence
Hyderabad, Nov. 10 RHW Hotel Management Services Ltd, managers of the restaurant brand The Great Kabab Factory (TGKF), aims to have 50 operational restaurants in 15 countries ...

NEW BUSINESS: Monorail project: Challenge for L&T
Consortium facing stiff deadline, standards. While bagging the country’s first monorail system project is no doubt, one more feather in Larsen & Toubro’s cap, the execution of this first-of-its-kind project in the country within ...

ANNOUNCEMENTS: Glenmark Generics drug in US
...

ANNOUNCEMENTS: Lupin to sell cardiac drug
...

BUYBACK: Binani Ind plans buyback
In a bid to stem the sharp fall in share prices, Binani Industries plans to consider a share buyback. The board meeting of the company will be held on November 18, inter alia, to consider buyback of shares, amendment to Articles of Association ...






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Markets (Nov 10)
Nifty (at close)3148.25(+175.25)
US Dollar (Buy/Sell)47.38/39
Brent crude (a bbl) Rs2,722
Gold (a gram) Rs1,089
Silver (a kg) Rs16,980

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In Focus
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