~
Corporate News
Cairn India has produced and sold one million barrels of oil
from its Mangala oil field in Rajasthan. The oil is sold at 10-
15 per cent discount to the average price of Brent crude oil
during the six months to September - BL
Mahindra First Choice Wheels Ltd, a part of the Mahindra &
Mahindra group, opened its first multi-brand pre-owned car
outlet in the state and plans to open eight more in the current
fiscal year. - BL
Shriram EPC (SEPC) has signed a MoU with China-based
North West Electric Power Design Institute to form a
consortium for execution of thermal power projects to be
implemented on an EPC basis in India. - BL
Suven Life Sciences said the European Patent Office (EPO)
has issued three patents to its chemical entities which are
used in treating nerve disorders. - BL
State-run NTPC stated that it has identified three more coal
blocks in Indonesia for acquisition. The company has
already acquired a coal mine in Indonesia. - BL
The Nuclear Power Corporation of India Limited (NPCIL)
and Larsen & Toubro (L&T) today signed a joint venture
agreement to make special steel and ultra-heavy forgings
at a plant in Hazira (near Surat) for an investment of Rs
1,725 crore. - BS
Macro Economic News
India's economy grew by 7.9 percent in the quarter through
September from a year earlier, shattering forecasts as
stimulus measures boosted demand and manufacturing
activity surged.-ET
Global Cues
European consumer prices increased for the first time in
seven months in November led by energy costs as the
economy recovered from the worst slump. Prices in the 16-
nation euro region rose 0.6 percent from a year earlier after
falling 0.1 percent in October, the European Union statistics
office in Luxembourg said today. Economists had projected
a gain of 0.4 percent - Bloomberg
~R`money
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