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  • SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
  • COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
  • NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
  • CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
  • GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
  • NO PLANS TO OFFER HOME LOANS AT 8%: NW
  • OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
  • EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
  • FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
  • DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
  • KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
  • KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
  • JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
  • NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
  • TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
  • MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
  • FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
  • OVER 7% GROWTH ACHIEVABLE IN FY'11
  • TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
  • SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
  • CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
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  • INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
  • GETS U.S. FDA NOD FOR GENERIC ACULAR
  • TO RAISE UPTO $300 MN VIA FCCBS
  • EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
  • INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
  • TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
  • IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
  • ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA
Updated: 02/01/2009 | 12:00 AM IST
Suzlon Energy may see action
Capital Market
Friday, January 02, 2009 (New Delhi)
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Suzlon Energy is expected to be in the limelight after the country's biggest maker of wind-turbine generators, said it has agreed to sell a 10% stake in unit Hansen Transmissions International NV to London-based investment company Ecofin.

Ranbaxy Laboratories has reportedly missed its December 2008 deadline to launch an anti-migraine drug as the US regulator is yet to give its approval.

Jindal Stainless has reportedly acquired chrome ore assets in the Middle East and Europe for $2 million. It has also formed a joint venture with a group of chrome ore miners in the UAE, in which it will hold a majority stake.

RBI has allowed FIIs to buy further shares of OBC as their holding falls below 18% limit

Infosys Technologies is reportedly looking at ways of increasing synergies with its BPO arm and is working on integration and business plans to maximise profits.

Carborundum Universal is reportedly planning to set up a new micro grits plant in Kochi at an investment of 620 million rupees to cater to the photovoltaic industry.

Moser Baer India will reportedly raise Rs 200 crore for its photovoltaic unit, from a group of investors to fund the expansion of its solar business.

Orchid Chemicals & Pharmaceuticals is reportedly awaiting US Food and Drug Administration nod for its anti-bacterial product Tazo-zip, which will be a key driver of its revenues.

The second stimulus package, to be announced shortly by the federal government to arrest an economic slowdown, will mainly cover the infrastructure, housing and commercial vehicles sectors and will be backed by a strong dose of monetary measures. However, there was not much scope for tax concessions, reports sugested.

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Ashuu Kakkarr
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