MORNING NOTES

Corporate News


􀂄 Tata group company, Tata Communications, will soon start
delivering capacity into Australia via the privately-owned PIPE
Pacific 1 (PPC-1) cable system. - BS

􀂄 Oil and Natural Gas Corporation (ONGC) announced that it
has won 17 out of the 25 oil and gas blocks it had bid for
along with its partners in the just concluded licensing round.- BS

􀂄 TVS Motor has plans to export autorickshaws to African and
Latin American markets leveraging its two-wheeler
distribution network, besides neighbouring countries. - BS

􀂄 NTPC would form a 50:50 joint venture with Coal India (CIL)
to develop coal mines for its Farakka and Kahalgaon thermal
power projects.- BS

􀂄 Subhash Projects & Marketing today said it has bagged an
order worth Rs 211.95 crore from UP Jal Nigam, Kanpur for
construction of sewerage network. - BS

􀂄 Larsen & Toubro said it bagged construction-related orders
worth Rs 966 crore from Sterlite Industries India, Uttar
Pradesh Jal Nigam and Gujarat Water Infrastructure. - BS

􀂄 Suven Life Sciences stated that its clinical candidate for
Alzheimer's disease has secured product patent in India,
Mexico, South Africa, Singapore, New Zealand, Korea,
Eurasia, Australia and Europe markets. - BS

􀂄 China’s stocks rose for a third day after new lending
expanded in September from August, helping to drive the
recovery in world’s third-biggest economy, and commodity
prices gained. - Bloomberg

Macro Economic News

􀂄 Despite a slowdown in the economy, India saw an
impressive 40.37% jump in the flow of foreign direct
investment (FDI) into the country in August over the same
month last fiscal. - ET

Global Cues
China’s stocks rose for a third day after new lending

expanded in September from August, helping to drive the
recovery in world’s third-biggest economy, and commodity
prices gained. - Bloomberg
~R`MONEY