~
Corporate News
Reliance Industries' (RIL) MA oilfield in the predominantly
gas-rich KG-D6 block will hit peak output by this year-end,
even as plans are underway to put nine more gas
discoveries in the area into production. - BS
Steel Authority of India (SAIL) stated that the Jharkhand
government had agreed to renew leases of Chiria iron ore
mines to meet the current needs of the company. - BS
Jaihind Projects announced that it has bagged an order
worth Rs 14.05 crore from Bharat Petroleum Corporation
Ltd (BPCL) for a pipeline project. - BS
Sun Pharmaceutical Industries stated that it has got tentative
approval from the US drug regulator for generic Gleevec
(imatinib meyslate tablets), used in the treatment of chronic
myeloid leukaemia. - BS
Mahindra Satyam, the brand identity of Satyam Computer
Services Ltd, has entered into partnership with Gen-i, one
of Australasia's leading ICT service providers, for Windows
7 migration services. - BL
Bharti Airtel has launched Far-East Connect Cable Network
to offer seamless connectivity to telcos across Asia-
Pacific.BL
Asian stocks rose, led by mining and technology companies,
as commodities prices increased and a brokerage boosted
its investment rating on Sharp Corp. - Bloomberg
Macro Economic News
Foreigners' investment in Indian equities is could reach
record levels this year. Overseas funds have so far bought
Indian stocks worth about $15 billion. - ET
Tax department's search and seizure operations have
revealed manufacturing to be a big tax evader in 2008-09 ,
just behind real estate, indicating that the sector may have
acquired a bigger play in the black or the cash economy. BS
Global Cues
Asian stocks rose, led by mining and technology companies,
as commodities prices increased and a brokerage boosted
its investment rating on Sharp Corp. - Bloomberg
~~R`MONEY
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