Corporate News Headline •    ONGC is borrowing about Rs. 90 bn from a group of banks to part fund the Rs. 124.4 bn petrochemical plant it is building at Dahej in Gujarat. (BS) •    DLF has been refunded the license fee amounting to Rs. 2.03 bn by the Haryana government for its proposed real estate [...]

Corporate News Headline •    Jindal Steel and Power bagged USD 8 bn project to convert coal into liquid petroleum and would produce 80,000 barrels of crude oil a day. (BS) •    Suzlon Energy has won a 100 MW world Bank-backed project in China. (BS) •    IVRCL Infrastructures and Projects bagged seven projects worth Rs. 6.7 [...]

Corporate News Headline •    Reliance Industries has offered one share for every 16 held in Reliance Petroleum as it seeks to merge its refinery subsidiary. (BS) •    Sadbhav Engineering bagged a contract of Rs. 15.71 bn from the Maharashtra State Road Development Corporation for 22 integrated border check-posts in the state on build operate and [...]

Corporate News Headline •    Tata Steel reported consolidated Q3’09 result, total income went up 4% on yoy at Rs. 332.23 bn and net profit dropped 44% to Rs. 7.32 bn. (BS) •    ONGC is planning an IPO of its subsidiary, which is building the Rs. 124.4 bn petrochemical plant at Dahej in 2011. (BS) •    [...]

Corporate News Headline •    TCS extended its contract with Singapore Airlines to provide IT services for three years to the latter for a suite of applications used by the Singapore Airlines Group of Companies. (BS) •    L&T has bagged orders worth Rs. 11.62 bn from different vendors for construction of factories and residential projects. (BS) [...]

Corporate News Headline • Power Grid Corp. is seeking to borrow as much as USD 2 bn for its network expansion. (Bloomberg) • Suzlon Energy is planning to supply wind turbine generators to AGL Energy to help the Australian firm generate 113.4 MW of power, for an undisclosed amount. (BS) • SBI is planning to [...]

Corporate News Headline •    L&T bagged three orders worth Rs. 14.38 bn from different agencies for power infrastructure-related works. (BS) •    DLF announced up to Rs. 13 lakh cut in the prices for the existing and new customers of its residential project in Chennai on account of fall in input costs and slump in property [...]

Corporate News Headline •    BHEL won a Rs. 31.5 bn order to supply generating units to a project in central India. (Bloomberg) •    RIL had accepted the Letter of Intent placed on it by NTPC for supplying gas to the power major’s plants but refused to sign the Gas Sales and Purchase Agreement agreed upon. [...]

Corporate News Headline •    Avantel bagged a Rs. 68.5 mn order from Defence Ministry for the supply of satellite communication products to Coast Guard. (BS) •    Aurobindo Pharmaceuticals received temporary approval for Tenofovir Disoproxil Fumarate tablets, 300 mg from the US Food and Drug Administration. (BS) •    RIL had accepted the Letter of Intent placed [...]

Corporate News Headline •    Tata Motors has entered into an agreement with Central Bank of India to finance its passenger vehicles. (ET) •    KEC International has bagged new orders worth Rs. 3.65 bn in the areas of rural electrification and transmission. (ET) •    Reliance Infrastructure violated the country’s overseas borrowing and foreign exchange rules by [...]