Tuesday, December 8, 2009


Corporate News

􀂄 Indian Oil Corp, the nation's largest oil firm, announced that
it will take 26-49 per cent stake in the Rs 10,000-crore
nuclear power plant it will set up in collaboration with the
Nuclear Power Corp of India. - BS

􀂄 Bharat Heavy Electricals announced that it has bagged an
order from Andhra Pradesh Generation Company to supply
equipment to its Kothagudem thermal power plant. - BS

􀂄 ONGC Videsh, the overseas investment arm of state-run Oil
and Natural Gas Corporation, is in talks to set up a refinery
in Nigeria even as Indian companies look at sourcing LNG
from African nations. - BS

􀂄 Tata Consultancy Services (TCS), announced that the
Reminbi currency trading platform for the Chinese inter-bank
market, has successfully gone live nation-wide. - BS

􀂄 Asahi Infrastructure & Projects Ltd has informed BSE that
the company has received an work order from the Central
and State Government for the construction of Housing and
Infrastructure (Scheme) worth Rs 2.17 crore at Nagar
Parishad Malkapur dist rict in Buldhana. - BL

􀂄 ABB has won an order of Rs 506 crore from Bangalore Metro
Rail Corporation Limited (BMRCL). - BS

Global Cues

􀂄 German factory orders unexpectedly fell for the first time in
eight months in October, led by a decline in export demand.
Orders, adjusted for seasonal swings and inflation, dropped
2.1 percent from September, when they rose 1.3 percent. -

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