Streetsmarts

[kuldeep49]

Many thanks Abhay & Adilsaleem.

Gulf Oil Corporation secures Rs 1100 mn Mining Contract from Singareni Collieries

M&M to invest 400 cr in TechMahindra and 1200 cr in 2 SEZ in mMharashtra.

VIP : Planning to set up 20 exclusive brand outlets in the six Indian metros.

GTL : Plans to hive off BPO unit.

India's deepwater oil blocks are looking increasingly attractive to foreign players, and competition from overseas companies is heating up as the deadline for placing the bids nears.

Australia's third largest oil and gas firm, Santos, is likely to bid in the new round. It has already signed an MoU with Reliance Petroleum for partnership in exploration and production.

Indian exploration firms like ONGC and Reliance Industries, that have been bagging most of the oil and gas blocks so far, will clearly have to pull up their socks this time.

Both companies have already lost out in the recent coal bed methane round where they didn't win a single block, and now with so many foreign players lining up for NELP-6, the new auction will end up fuelling a lot of competition and collaboration.

Tata takes on RIL, bidding for Nelp-VI.

 

[kuldeep49]

GE Shipping to buy Suemax Crude Carrier.

Independent news mulls to buy 3% more of Jagran Prakashan.

Spanco Tele is considering setting up or acquiring a customer contact center in China or Middle East.

Jupiter Bio has bought Aurobindo Pharma's bulk manufacturing unit at Hyderabad.

AIA Engineering is on the verge of setting up a 30MW coal based power plant for about 125 crores. This will bring down the cost of production from 4.8/unit to 3.3/unit.

 

[kuldeep49]

Neyveli Lignite to build Rs75bn Power plant in Gujarat.

Punj Lloyd wins Rs8.23bn order.

BHARTI SHIPYARD SECURES RS1.2BN ORDER FROM RELIANCE.

Rolta, France's Thales to set up JV for Defense Software.

Punj Lloyd has bagged an order worth Rs 823 crore from the Rajasthan Vidyut Utapadan Nigam Ltd for setting up a 500 Mw power plant in the state.

DHL Express (Singapore) Pvt Ltd has offered to buy out its balance publicly held shares at a price of up to Rs 550 per share, following which the companys shares would be delisted.

RIL has proposed to develop the Rs 4,500-crore Deepwater International Container Trans-shipment Terminal at Vizhinjam in Kerala.

Anil Ambani to buy majority stake in Patel Roadways.

Matrix Labs is negotiating to pick up stake in Granules India.

 

[kuldeep49]

Friends,
If you want to keep track of the worldwide security situation and latest developments, http://www.janes.com is really worth looking at. They also have a regular newsletter by email. Definitely worth subscribibg to.
Kuldeep

 

[kuldeep49]

Gujarat Alkali will be acquired by Reliance. An announcement is expected shortly.

Syngenta ties up with Super Spinning Mills. The two companies have successfully tried out, what they call, the `Syngenta Q&Q' programme aimed at enhancing the per acre yield and the quality of cotton through a designed solution package extended by Syngenta.

Bajaj Auto slashes its 2-wheeler prices.

CCS Infotech bags a 4.4 crore order from Neyveli Lignite.

Asian Electronics forecasts doubling its topline in FY07.

Hero Honda shuts down production from Aug 13th to 30th. Has an inventory pile up of 3 lakh units.

Real Estate Market is facing a strong correction. Sales & enquiries are down more than 50%. Developers hoping for Diwali to bail them out.

Centurion Bank in talks to acquire Lord Krishna Bank. (A repeat of an earlier rumour, now confirmed)

Dubai Investment Group to buy TCI.

Anil Ambani & Starbucks talk for alliance in India.

 

[swagat86]

BREAKING NEWS
Its being said that God is taking milk. The temples and the idols throughout the country have been flooded with ppl to have a chance to grant milk to God. believe it or not its true. Just try it with any Idol at home. Unbeleivable.

Jai Bajrang Bali

 

[kuldeep49]

Four Soft Ltd has signed an Agreement with a large logistics Company for the 4s iLogistics Software for a value of 120,000 Euros towards License and Maintenance.

There is buzz that Radico Khaitan is to announce JV with Diageo. Sources say that it is a 50:50 JV between Diageo PLC and Radico Khaitan to cater to India and some Asian markets. Through this JV, Diageo will unveil a portfolio of spirit brands and work towards developing new brands which will be jointly developed by Radico and Diageo PLC.

Zee Sports has the telecast rights of 25 special one dayers involving India at neutral venues of which two are exhausted. The first two matches were played between India and Pakistan at Abu Dhabi next in line is a triseries in Malaysia involving India, Australia and West Indies in September this year.

Patel Engineering Ltd has bagged Loharinag Pala Hydro Electric Power Project [4x150 MW) : Head Race Tunnel Package worth Rs.318cr from National Thermal Power Corporation Ltd (NTPC). The project, to be completed in 38 months is situated on river Bhagirathi in Uttarkashi District of Uttaranchal

Punj Lloyd has secured a pipeline order of 1348 crores.

 

[kuldeep49]

Micro Technologies ties up with knowledge Vector INC.

SAVITA CHEMICALS BOARD APPROVES GIVING FREE SHARES.

Fortis Financial makes open offer for 20% of Asian CERC.

Surya Roshni to set up CFL ( compact fluorecent lamps ) plant in Madya Pradesh.

 

[kuldeep49]

State-owned Singareni Collieries Company Ltd (SCCL) and the National Thermal Power Corporation (NTPC) are setting up a 50:50 joint venture (JV) to undertake exploration, survey, extraction and consultancy services in coal mining and power generation.

Raymond and US investment outfit Wilbur Ross are the frontrunners in the race to take over the OCM brand owned by S K Birla group company Birla VXL.

Dalmia Cements & JK Cements are forming a JV.

Clearwater Capital buys 30% stake in Gayatri Sugar.

SAIL : Likely to bag iron ore mines in Chiria, Jharkhand.

Ranbaxy : Close to $100 mn Russian buy.

GE Shipping : Has placed orders worth $103 mn for ships.

NTPC : To pump in Rs 10000 cr in coal production.

ONGC : To invest Rs 10000 cr in Mangalore SEZ.

European aerospace and defense group EADS will invest 2 billion euros ($2.57 billion) over the next 15 years in India in production as well as research and development facilities.

India's outsourcing skills have spilled over into the area of testing cutting-edge technology. Wipro has bagged an order to test and develop wi-fi technology that allows computer networks to run without wires from the Wi-Fi Alliance, a global wi-fi association. Wipro will also certify products. For Wipro, this is a major breakthrough with a lab prepared for complete wi-fi testing.

 

[kuldeep49]

Got fed up of the red lettering, so for variety:

Tata Tea Ltd., the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 percent of U.S.-based Energy Brands Inc for $677 million. Tata Tea said its stake in Energy Brands, maker of Glaceau vitaminwater, will help strengthen its presence in the United States and expand its beverages business globally. The acquisition of the stake, previously held by TSG Consumer Partners, will be the largest-ever overseas equity investment by a private Indian firm.

Dishman Pharma has acquired the Swiss Company Carbogen for $ 75 million.

JSW Steel is acquiring coal & associated mineral prospecting & exploration rights in Mozambique.

TV18 has acquired Cricketnext.com, Compareindia.com & Urban Eye. Internet business revenues up by 6 times and still setting an Akhtarish pace!