MARKET NEWS
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MARKET NEWS HIGHLIGHTS FEB 5th, 2010
Israeli SC orders status quo in Sun-Taro battle, Sun Pharma asked not to buy additional Taro shares. (BS)
L&T, EADS in talks to revive defence joint venture. (ET)
M&M initiates talks with UK-based Triumph Motorcycles and Moto Guzzi, Italy to roll out premium bikes for the Indian market. (ET)
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MARKET NEWS HIGHLIGHTS FEB 4th, 2010
HCL Technologies (HCL) has announced a partnership with software company nMetric to provide intelligent shop floor solutions to automotive manufacturers. nMetric will leverage HCL`s comprehensive automotive solution, Intelligent Shop Floor Solution (ISFS), to help manufacturers improve operations by automating and monitoring complex automotive factory processes….
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MARKET NEWS HIGHLIGHTS FEB 3rd, 2010
Siemens to invest Rs16bn in India in the next three years to build a production unit for wind turbines, besides other engineering products in the country. (ET)
Tata Steel to invest around US$300mn in a Quebec, Canada. (ET)
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MARKET NEWS HIGHLIGHTS FEB 2nd, 2010
Tata Steel and SAIL had a great December quarter. A robust steel demand in the domestic market, coupled with a lower raw material cost, worked well for these companies. Net profit almost doubled compared with the same period last year. The results have beaten the Street estimates by a good margin and this was reflected in their stock prices. Shares of Tata Steel and SAIL surged by 4.8% and 1.6%, respectively…
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MARKET NEWS HIGHLIGHTS FEB 1st, 2010
IOC has sought government’s intervention to participate in US$12.5bn Iranian projects. (ET)
Relinace Infra led consortium aims to achieve financial closure for the Rs110bn second phase of Mumbai Metro by October 2010. (BS)
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MARKET NEWS HIGHLIGHTS JAN 29th, 2010
RIL leases gasoline storage in the Caribbean. (BS)
BHEL inks JV with Madhya Pradesh Power Generation Company Ltd for 1,600MW unit. (BS)
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MARKET NEWS HIGHLIGHTS JAN 28th, 2010
India will push for greater market access for Indian pharmaceutical and Information Technology companies in China when trade talks resume this week in Beijing, against the backdrop of a fastwidening trade gap between the two countries. Resuming after an almost four-year hiatus, the eighth Joint Economic Group between India and China will be held here on January 19. Since the last dialogue in New Delhi in March 2006…
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MARKET NEWS HIGHLIGHTS JAN 15th, 2010
Reliance Industries (RIL) on Monday raised Rs 3,465 crore selling its own shares from the vault, taking total funds raised in four months to $2 billion, as it strengthens flanks in the battle for bankrupt petrochemicals company LyondellBasell. RIL sold 33 million shares at Rs 1,050 each, 5% lower than Friday’s close. RIL confirmed the transaction, but did not reveal details. Five funds bought the share, which was arranged by UBS….
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MARKET NEWS HIGHLIGHTS JAN 14th, 2010
Reliance Industries (RIL) on Monday raised Rs 3,465 crore selling its own shares from the vault, taking total funds raised in four months to $2 billion, as it strengthens flanks in the battle for bankrupt petrochemicals company LyondellBasell. RIL sold 33 million shares at Rs 1,050 each, 5% lower than Friday’s close. RIL confirmed the transaction, but did not reveal details. Five funds bought the share, which was arranged by UBS….
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MARKET NEWS HIGHLIGHTS JAN 13th, 2010
Reliance Industries (RIL) on Monday raised Rs 3,465 crore selling its own shares from the vault, taking total funds raised in four months to $2 billion, as it strengthens flanks in the battle for bankrupt petrochemicals company LyondellBasell. RIL sold 33 million shares at Rs 1,050 each, 5% lower than Friday’s close. RIL confirmed the transaction, but did not reveal details. Five funds bought the share, which was arranged by UBS….
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MARKET NEWS HIGHLIGHTS JAN 12th, 2010
Reliance Industries (RIL) on Monday raised Rs 3,465 crore selling its own shares from the vault, taking total funds raised in four months to $2 billion, as it strengthens flanks in the battle for bankrupt petrochemicals company LyondellBasell. RIL sold 33 million shares at Rs 1,050 each, 5% lower than Friday’s close. RIL confirmed the transaction, but did not reveal details. Five funds bought the share, which was arranged by UBS….
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MARKET NEWS HIGHLIGHTS JAN 11th, 2010
Reliance Industries raises Lyondell bid to US$13.5bn. (TOI) L&T plans 6,500 Mw power generation capacity in 4 yrs. (BS) The steel ministry is planning to set up a special arm under SAIL to spearhead overseas acquisitions, particularly in the mining sector…
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MARKET NEWS HIGHLIGHTS JAN 8th, 2010
With some of the world’s largest carmakers set to unveil their products for India, big boys Maruti, Hyundai, Tata Motors and GM are looking to levergage their local R&D prowess, brand new products and global technology alliances to continue their dominance over the world’s largest market for small cars. Global carmakers are eyeing a share of the country’s small car market, which accounts for more than three fourths of all cars sold in India…
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MARKET NEWS HIGHLIGHTS JAN 7th, 2010
With some of the world’s largest carmakers set to unveil their products for India, big boys Maruti, Hyundai, Tata Motors and GM are looking to levergage their local R&D prowess, brand new products and global technology alliances to continue their dominance over the world’s largest market for small cars. Global carmakers are eyeing a share of the country’s small car market, which accounts for more than three fourths…
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MARKET NEWS HIGHLIGHTS JAN 6th, 2010
With some of the world’s largest carmakers set to unveil their products for India, big boys Maruti, Hyundai, Tata Motors and GM are looking to levergage their local R&D prowess, brand new products and global technology alliances to continue their dominance over the world’s largest market for small cars. Global carmakers are eyeing a share of the country’s small car market…
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MARKET NEWS HIGHLIGHTS JAN 4th, 2010
With some of the world’s largest carmakers set to unveil their products for India, big boys Maruti, Hyundai, Tata Motors and GM are looking to levergage their local R&D prowess, brand new products and global technology alliances to continue their dominance over the world’s largest market for small cars. Global carmakers are eyeing a share of the country’s small car market, which accounts for more than three fourths of all cars sold in India…
