~
Corporate News
Simplex Projects announced that it has bagged three
contracts worth nearly Rs 407 crore from Uttar Pradesh
Irrigation Department for construction related works. - BS
Tata Motors has tied up with Vijaya Bank for financing its
range of commercial and passenger vehicles to provide an
added facility of finance to its customers. - BS
Gammon India announced that its Italy based-unit -- SAE
Powerlines -- has bagged a power transmission project
worth $31 million (around Rs 144.6 crore) in Tanzania. - BS
Cairn India, part of the UK-based Cairn Energy, stated that it
will merge oil and gas businesses of some of its
subsidiaries with itself, a move that will improve
administrative efficiencies. - BS
With an aim to rope in a strategic partner for its Haryana SEZ
project, corporate giant Reliance Industries is believed to
be in talks with IL&FS and a couple of other players for partsale
of its stake. - BS
Bharat Heavy Electrical (BHEL) would recruit about 4,000
people, including executive engineers, annually at least for
the next three years as the company is embarking on new
joint ventures. - BS
Western India Shipyard Ltd has informed that the company
has received a Rs 5-crore order for the repair of a deep
water oil rig named JUR Noble Ed Holt. - BL
Macro Economic News
India's food price index rose 19.05 per cent in the 12 months
to November 28, while the fuel index was up 0.06 per cent
Global Cues
Asianstocks rose the most in four days as a larger-thanexpected
surge in China’s industrial production and a drop
in U.S. joblessness claims to a one-year low boosted
confidence in a global economic recovery. - Bloomberg
~ET
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