Tuesday, January 5, 2010


Corporate News

�� Larsen & Toubro has bagged an order worth Rs 987 crore
from GNFCfor setting up a gas generation plant at

�� JSW Steel Ltd, has raised product prices by 3-5 per cent in
January on higher raw material costs and demand growth.ET

�� Zydus Cadila has received approval from the Drug Controller
General of India (DCGI) for conducting clinical trials for the
swine flu (H1N1) vaccine - ET

�� Suzlon Energy has won orders for 27 megawatt of wind
turbine capacity from hotel-to-cigarettes firm ITC - BS

�� Godrej Consumer Products is close to acquiring Indonesian
household products company Megasari in a deal estimated
to be worth Rs1,200-1,400cr and has placed an attractive
bid for the global pesticides business of Sara Lee Corp
with which it has a joint venture in India - BS

�� Marico Ltd's Malaysian unit acquired hair styling brand 'Code
10' from Colgate Palmolive Company for an undisclosed
sum. - BL

Global Cues

�� Asian stocks rose, led by electronics and mining companies,
after U.S. manufacturing expanded at the fastest pace in
more than three years and commodity prices advanced. -

Macro Economic News

�� Oil rose to $81 a barrel, the highest in more than two months,
on news that Russia has halted oil supplies to Belarus and
on cold weather in the United States-ET


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