Thursday, December 10, 2009


Corporate News

􀂄 Defence PSU Bharat Electronics, which is restructuring its
businesses, is planning to enter the nuclear power space,
designing and manufacturing instruments. - BS

􀂄 The Cardiff County Council has entered into a 15-year
partnership with Tata Consultancy Services (TCS) on a
project aimed at making it easier for residents of the Welsh
town to access council services. - BS

􀂄 Gammon Infrastructure announced that it expects to
complete the acquisition of 24 per cent stake in its special
purpose vehicle Indira Container Terminal from partner,
Spain-based Dragados by March next year. - BS

􀂄 Oil and Natural Gas Corporation, along with state-run Oil
India and Turkish Petroleum Corp (TPAO), is likely to bid for
Iraq's giant Halfaya oilfield under that country's second
licensing round this week. - BS

􀂄 Bajaj Auto launched the Pulsar 135 LS (light sport) priced at
Rs 51,000 (ex-showroom Delhi) at an event held in the
capital. - BS

􀂄 Mahindra and Mahindra (M&M) stated that its US-based
subsidiary will open a new assembly and distribution centre
by the end of this month. - BS

􀂄 Suzlon Energy announced that it has bagged an order from
Rajasthan State Mines and Minerals for suppling 15 units of
wind turbines to be installed at the Tejuva site in Jaisalmer,

Macro Economic News

􀂄 The government came out with the first batch of
supplementary demands for grants in the Lok Sabha
seeking to raise public expenditure by an additional Rs
25,725 crore during the current fiscal. - ET

Global Cues

􀂄 Treasury Secretary Timothy Geithner told Congress that the
Obama administration is extending the $700 billion financialrescue
program until October, saying the U.S. must hold on
to the money in case of new financial shocks. - Bloomberg

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