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Posted on: November 24th, 2008 and is filed under Stock News.

Monnet Ispat spurts on buyback plans

Company announced that it would buyback 7.41% of paid-up share capital at price not exceeding Rs300/ share. Shares of Monnet Ispat has surged by over 3% to Rs142 after the company announced that it would buyback 7.41% of paid-up share capital at price not exceeding Rs300/ share. …

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Posted on: November 24th, 2008 and is filed under Stock News.

IVRCL bags Rs 529 cr orders

Hyderabad-based infrastructure company IVRCL Infrastructure and Projects Limited (IVRCL) bagged orders worth Rs 529.7 cr including an engineering, procurement and construction contract valued at Rs 253.81 cr from the Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad. The p…

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Posted on: November 24th, 2008 and is filed under Stock News.

BHEL bags Rs 240 cr order for Mundra UMPP

Against stiff competition from European and other domestic power equipment companies, Bharat Heavy Electricals (BHEL) won a landmark contract pegged at Rs 240 crores from Coastal Gujarat Power (CGPL), a Tata Power company. …

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Posted on: November 24th, 2008 and is filed under Stock News.

Alphageo gets Rs 44 cr contract from ONGC

Alphageo (India) today said it has bagged an order worth Rs 43.69 crore to provide seismic data to state-run ONGC. The company has bagged the contract over a period of two seasons in Nagaland, Alphageo said in a filing to the Bombay Stock Exchange. …

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Posted on: November 24th, 2008 and is filed under Stock News.

Titan to open 300 outlets in three years

Titan Industries has plans to open 300 retail stores for its ‘Titan Eye’ in the next three years across the country, a senior company official said today. The company would add another 20 exclusive optical showrooms in the current fiscal, Titan Industries Integrated Retai…

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Posted on: November 22nd, 2008 and is filed under Stock News.

Citigroup shares tumble fifth straight day

NEW YORK: Citigroup shares tmbled a fifth straight day as CEO Vikram Pandit tried to downplay speculation that the banking giant might sell major businesses to restore its health and investor confidence. The company’s market value fell to $20.5 billion on Friday, which is less than …

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Posted on: November 22nd, 2008 and is filed under Stock News.

Selan Exploration up on buyback plan

Shares of Selan Exploration Technology shot up to a high of Rs 137.95 a share after the board of the company approved buyback of shares at up to Rs 230 a share. Shares closed at Rs 133.8 a share, up 1.83 per cent from the last traded price. …

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Posted on: November 22nd, 2008 and is filed under Stock News.

Binani Cement appeals govt to boost cement demand in India

Binani Cement Ltd. the flagship company of Braj Binani Group is currently having capacity of 8.5mn ton cement in its units located in India, Dubai and China. Due to Economic slowdown and higher input cost, cement industry is currently passing through difficult times with demand growth slo…

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Posted on: November 22nd, 2008 and is filed under Stock News.

RCom surges over 14%

Reliance Communication has gone up by 14% to Rs207. The scrip has touched intra-day high of Rs208 and low of Rs178.75 and has recorded volume of over 4633681 shares on BSE. …

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Posted on: November 17th, 2008 and is filed under Stock News.

Suzlon to buy Martifier stake in REpower

The Indian wind energy major had in September agreed to buy the equity stake from Portugese company Martifier for euro 270 million. At present, Suzlon holds 66 per cent stake in REpower. “It was originally scheduled for May. We had accelerated it to December, but we are going with the o…

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