MORNING NOTES

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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