Wednesday, February 3, 2010


Corporate News

􀂄 Infosys Technologies would design and implement the
Research Informatics System (RISE) at Elan
Pharmaceuticals, Inc, to accelerate discovery research using
a co-creation engagement model that leverages Infosys'
existing intellectual property in this field. - ET

􀂄 Bajaj Auto today reported over two fold jump in its motorcycle
sales at 2,32,939 units in January.The company had sold
1,09,666 units in January last year, - BS

􀂄 Siemens Ltd, has received a contract from the Power Grid
Corporation of India to construct a new 765/400kV substation
at Meerut and augmentation of sub-stations at
Mandola (UP) and Baalabgarh (Haryana). – ET

􀂄 Adani Power Ltd (APL), belonging to $5 billion Adani group,
will set up a coal-based thermal power project of 1320 MW
in Chhindawara district in Madhya Pradesh. - BS

􀂄 UCO Bank’s board has resolved to raise funds via followon
public offer or placement to institutional investors. The
bank has federal government's approval for a follow-on
public offer. – ET

􀂄 Zylog Systems has acquired Canada-based consulting and
engineering company Brainhunter for 35 million Canadian
dollars (around Rs 150 crore). - BS

Macro Economic News

􀂄 Imports moved back to the positive terrain for the first time
since the financial crisis , clocking a 27% growth in
December, indicating that the domestic economy was well
on its way to recovery, aided by rapidly improving exports
that grew for the second successive month

Global Cues

European producer prices dropped on an annual basis for
a 12th month in December, the longest stretch of declines
in a decade, after the economic slump prompted companies
to cut costs and eliminate jobs. - Bloomberg

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