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Ratan Tata has announced a complete pull-out from Singur for Tata
Motor’s Nano project.
�� Mukesh Ambani has increased his stake in RIL to 54.9% by
exercising an option to convert preferential warrants into equity
shares.
�� The government has approved Daiichi Sankyo’s plan to buy
Ranbaxy for up to US$4.6bn.
..
India and US were unable to sign the 123 agreement as India wants
US president to first sign the agreement.
�� The US House of representatives has approved US$700bn financial
bailout package.
�� SEBI is reportedly considering a proposal to ease the restriction
imposed last year which barred FIIs from holding more than 40% of
their assets in participatory notes.
�� Wholesale price based inflation came out at 11.99% for the week
ended 20th Sep, down 15bps WoW.
�� TCS reportedly is planning to buy Citigroup’s captive BPO arm
Citigroup Global Services for US$550m. (ET)
�� RIL has demanded oil bonds and upstream assistance like state-run
companies to restart its 1,500 petrol pumps across the country. (ET)
�� RIL is reportedly considering a merger of its different retail formats
in order to make the retail arm more efficient. (ET)
�� Dr Reddy’s locally developed diabetes drug could get substantially
delayed as Rheoscience, the Danish firm conducting phase III
clinical trials has run into a financial crisis. (Mint)
�� Allahabad Bank has shelved its Rs1.5bn right issue. (DNA Money)
�� Ind-Oil Overseas, the Mauritius based special entity floated by
IOC and Oil India Limited is reportedly looking for assets in CIS
and African countries. (BL)
�� ITC has set up wind energy project for its printing and packaging
business. (BL)
�� BSNL is planning to roll-out Wimax services early next year. (BS)
�� Future group is planning to foray into wholesale distribution
business. (BS)
...
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Zoombusiness, Could you please SMS ur mail ID or phone number to 09331055946. One of these days I would be looking out for someone to manage my portfolio...
In reply to:
Global Financial Scenario Continues To Be Worrie some
Posted by :
zoombusiness
Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some 
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Zoombusiness,
Can you name five good penny stocks below Rs 10 for me please. Thanks...
In reply to:
Global Financial Scenario Continues To Be Worrie some
Posted by : zoombusiness
Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some
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Nomura Holdings, Japan\`s largest broker, said on Monday it would buy the Indian back-office units of collapsed U.S investment bank Lehman Brothers for an undisclosed sum -
R M India -...
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Sensex Down 6 Pct At 11775 As Global Financial Scenario Continues To Be Worrie some...
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Gujarat is the best place for Nano project......
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Market at 11900 now lowest today...
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Market news--162 stocks hit 52-week lows...
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India Corporate Tax Receipts At 952.8 Bln Rupees Up To End-Sept, Up 35.65 Pct Yr/Yr - Govt
India Total Direct Tax Receipts Up To End-Sept At 1.47 Trillion Rupees, Up 32.5 Pct Yr/Yr - Govt.
-courtesy R M India-
...
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MCX-SX to start live trading in currency futures from tomorrow...
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S&P Downgrades Pakistan Further Into Junk Territory...
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what is target price for RPL in Dec\\\\\\\\\\\\\`08...
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ndo-US civilian nuclear deal may be signed on 13 October in Washington, after missing the 4 October schedule, when US Secretary of State Condoleezza Rice visited New Delhi on her farewell tour.
Although, there will be a new venue and schedule, the two signatories will remain same: External Affairs Minister Pranab Mukherjee will travel to Washington and sign the agreement there with Rice.
According to top sources, the government didn`t see any problem in the delay. Rather it suited the UPA government as it wants to see the final shape of legislation after President George W Bush signs it into the law.
According to sources, as the senate has added supplementary legislations and the Hyde Act still remains relevant for the US administration India wants to see which are the areas Bush highlights in his notification. South Block expects the occasion will clear certain misgivings. At her joint press conference with Mukherjee on Saturday, Rice maintained: "The Hyde Act is completely consistent with 123 Agreement....123 Agreement is consistent with the Hyde Act. The US will keep its commitments to both."
Rice said on Saturday that Bush`s signing of the legislation into law had got delayed due to "administrative" reasons and there were "no open issues" involved. The US Congress had approved the agreement last week.
After the talks between Rice and Mukherjee, the two sides had expressed hope that the 123 agreement would be signed soon.
South Block had earlier earmarked two dates—October 4 and 13—for Condoleezza Rice`s visit to India and signing the Agreement with her. As she had already visited India last week, Mukherjee now has to travel to Washington as per diplomatic protocol.
"The President will sign the legislation very soon. He wants to do it very soon. There are administrative details," Rice said at the joint press conference with Mukherjee.
"Let me be clear, the 123 agreement is done. It is a matter of signing and so I don`t want anyone to think that we have open issues." said Rice, who also met Prime Minister Manmohan Singh and Opposition Leader L K Advani.
BS..........................
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Parsvnath Developers Limited (PDL), India’s leading Real Estate Company with pan India presence having diversified portfolio, has announced the launch of Parsvnath Pratishtha, a Group Housing project at Pune....
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