MORNING NOTES

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Corporate News

􀂄 Daiichi Sankyo, which has a majority stake in Ranbaxy
Laboratories, today said it is going to launch some of
Ranbaxy's generic medicine in the Japanese market
soon.BS

􀂄 The government has warned steel maker Usha Martin of
action if it does not "take immediate steps" to develop a
captive coal block in Jharkhand. - BS

􀂄 L&T has secured a contract worth Rs 1,635 crore to build a
coal-fired plant for Madhya Pradesh Power Generation
Co.BS

􀂄 Sonata Information Technology (Sonata), a 100 per cent
subsidiary of Sonata Software, has been awarded a project
by public sector firm Dredging Corporation of India (DCI) to
provide enterprise solution implementation services for its
corporate office in Visakhapatnam and dredging project
sites. - BS

􀂄 Reliance Communications announced that it has entered
into an agreement with Financial Technologies Group firm
atom technologies for using its mobile financial solutions.BS
􀂄 Alstom India is in talks with state-run Bhel and Nuclear
Power Corporation of India (NPCIL) to join in as a third partner
in their proposed joint-venture. - BS
􀂄 Ahluwalia Contracts India announced that it has bagged
four orders worth Rs 242 crore from various vendors for
construction-related works. - BS
􀂄 Asian stocks rose for a third day and the region’s currencies
gained as economic reports signaled stimulus measures
endorsed by the Group of 20 leaders are reviving global
growth. - Bloomberg
Macro Economic News
􀂄 Foreign investment in airports could soon come under the
watch of security agencies even though 100% FDI in
greenfield projects is allowed under the automatic route.ET
􀂄 The Centre is planning to bid out six mega road projects in
Rajasthan, Madhya Pradesh, Gujarat and Maharashtra
entailing a total investment of Rs 30,000 crore. - BS

Global Cues

Asian stocks rose for a third day and the region’s currencies
gained as economic reports signaled stimulus measures
endorsed by the Group of 20 leaders are reviving global
growth. - Bloomberg
~~R`MONEY