Era Infra informed the market today that Era Infra Engineering Ltd has has secured an order for supply of Ready Mix Concrete (RMC) for common wealth games village, New Delhi valued at approximately Rs 20 crore.
Larsen & Toubro Ltd (L&T) informed the market today that the company has received order from Hindustan Petroleum Corporation Ltd (HPCL) for 576 crores and the order was bagged by L&T’s E&C Division’s Refinery Projects Business Unit .
Punj Llyod informs the market today that it has received order from Tecnimont S.p.A (Italy) worth 288 crores or 68 million us dollar for Borouge 2 Polyolefins Project of Abu Dhabi Polymers Company, UAE.
Kirloskar brothers informed the market today that it has received an LOI from andhra government for construction of main pumping station and also site development for project in several places ,The total value of the contract is Rs 338.92 Crs.
Reliance energy infromed the market today on Buy-Back of shares ,They have bought-back 1,21,500 equity shares of the Company as on March 31 2008 which amounts , so far bought back 9,51,500 equity shares aggregating Rs 122.39 crore.They told they will buy back upto 800 crores.
Spanco Telesystems informed the market that they have been awarded three projects worth 165.53 crore from three different state . Order details.
1.Awarded LOI by Bihar State Electronics Development Corporation Ltd – Rs 20.08 Crores.
2.Awarded LOI by Food, Civil Supplies & Consumer Protection Department, Govt of Maharashtra – Rs 125.00 Crores
3.Awarded LOI by ITI Ltd, Bhopal – Rs 20.45 Crores
Bharat Oman Refineries (BORL) has filed DRHP with SEBI on March 28, 2008 for its initial public offering (IPO). About BORL
BORL is promoted by Bharat Petroleum Corporation (BPCL), a fortune Global 500 Company, with interests in downstream oil refining and marketing of petroleum products. IPO Size
BORL intends to raise approximately Rs 3850 crore as the equity contribution for a refinery project at Bina.
The Dow Jones industrial average (INDU) lost 0.7%, while the broader Standard & Poor’s 500 (SPX) index lost 0.8%. The Nasdaq composite (COMP) lost nearly 0.9%.Market was in gree for most part of the day and after noon it came to red. What Moved the Market
>Retailers under selling pressure after JCP issued downside first quarter earnings guidance
>Financials get clipped: Oppenheimer said bank earnings will not support current dividend levels in 2008
>February personal income higher than expected, spending and Core PCE are in-line with estimates
Inflation, based on the Wholesale Price Index (WPI), shoots up to 6.68% in the week ended March 15 from 5.92% in the previous week .this is really amazing how come the inflation is raising with a slowing economy .
Dow Jones industrial average (INDU) traded down 120 points, or about 1%. The broader Standard & Poor’s 500 (SPX) index slipped 1.2%, and the Nasdaq composite (COMP) lagged further behind, losing 1.9%.The whole day market was in red only the jobless data was really helping the market to recover but the tech and banking sector had the US market in Red all the day. What moved the market
>Oracle’s report disappoints traders; Tech stocks decline
>Choppy trading after the Fed’s TSFL auction results
>Initial jobless claims fall to 366,000 from 375,000
>Final fourth quarter GDP stands at 0.6%, personal consumption revised higher to 2.3% from 1.9%
The Dow Jones industrial average (INDU) lost around 110 points, or 0.9%. The broader Standard & Poor’s 500 (SPX) index gave back 0.9% and the Nasdaq composite (COMP) lost 0.7%. Whats moving the market
>Weekly oil inventory increase less than expected
>February new home sales top estimates, but still at 13-year low
>Durable orders decline for second straight month
>Financials weigh on the broader market after having earnings
estimates cut at Oppenheimer
>Press reports private equity deal for Clear Channel near collapse
>Treasury Secretary Paulson suggests need for more oversight of
primary dealers and believes housing remains the biggest threat to
Simplex Infrastructures Ltd informed the market that it had bagged order worth rs 653 crore and the total is from 3 new orders from different sectors which includes an order from Ritz Carlton Hotel, Bangalore, construction of a cement plant, sewerage system and thermal power plant.The total order book almost stands at 9000 crore or so.
Roman Tarmat informed the market that the Company has bagged an order from New Mangalore Port Trust, Mangalore for concreting the Existing Roads at Mangalore for rs 29.42 crore,The Execution time for the project is 18 months.
Petron Engineering Construction Ltd has informed the market that the Company has received Letter of Intent from Bharat Oman Refineries Ltd, for Electrical works for Bina Refinery at Bina in the State of Madhya Pradesh for a contract Value of Rs 15,81,06,345/- (Rupees Fifteen Crore Eighty One Lacs Six Thousand Three Hundred Forty-five Only).
Tata Motors Ltd today announced the market that it has entered into a definitive agreement with the Ford Motor Company for the purchase of Jaguar Land Rover, comprising brands, plants and Intellectual Property Rights.This would be a done deal by the end of the next quarter, subject to applicable regulatory approvals.
The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be approximately US $2.3 billion. At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans.
Valecha Engineering Ltd (VEL) has informed the market that the Company has recently bagged new projects worth Rs 250.00 crores approximately which includes Road Works at Pune, Delhi Airport Express Line work & Piling Projects.
Maruti Suzuki Today announced the launch of Swift DZire .The DZire, which comes both in diesel and petrol engines, offers luxury feature options like integrated stereo, steering mounted audio controls, automatic climate control and power windows.
It also comes with safety features like Dual Airbags, ABS with EDB, collapsible steering column and an i-CATS anti-theft facility. Many of these features are being offered for the first time in this segment. Design and Color
For the eleven Maruti Suzuki engineers who worked on the design of the DZire, the challenge was to integrate the boot into the overall personality of the Swift, while imparting the elegance of a sedan. In providing a high style quotient, the engineers have integrated the boot with just 30 Kilograms added to the car’s weight ! The suspension and engine have been tuned for the sedan.Owing to this, the DZire has the highest power-to-weight ratio in its category. This ensures best performance and superior fuel efficiency. Car Engineering
The petrol version of DZire comes with a 1.3 litre, 16 valve, ALTec 32 engine, with a maximum 87 bhp at 6000 rpm. The diesel version comes with the 1.3 litre DDiS engine, offering a torque of 190 Nm at 2000 rpm. Color
DZire is offered in seven colours: Arctic White, Silky Silver, Clear Beige, Midnight Black, Bright Red, Azure Gray and Sovereign Blue. Pricing
Chiripal Industries is one of the many Textile players in india, They have filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). CIL proposes to access the domestic capital market with its initial public offering (IPO) of 14,216,700 equity shares of Rs 10 each for cash at a price to be decided through 100% book-building process.
The IPO comprises of a net issue to public of 12,100,000 equity shares of Rs 10 each, Promoters’ contribution of 1,916,700 equity shares of Rs 10 each and a reservation of up to 200,000 equity shares of Rs 10 each for eligible employees. The net issue will constitute 34.57% of the post issue paid up capital of the company.
Sensex was on a big happy mood wioth global market supporting from all side , the Bear and Stearn news was a big support for US and also for India , You name a stock that would have rose today , JP Associates, Reliance Energy, DLF, Unitech, ICICI Bank, Tata Power, TCS Infosys, Satyam, Reliance Communication, Tata Steel, SAIL, were among the gainers.HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco also ended higher.
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