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Oil heads for $150 a barrel

Posted on: Sunday, June 8th 2008 and is filed under Press Releases.

If you thought the fuel price hike on Wednesday was bad news, the worst is yet to come. Global crude prices have soared by over $11 since then to cross $138 per barrel, and Morgan Stanley predicted they would hit $150 a barrel by July 4. The government would not dream of contemplating an...

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ITC wins TERI Corporate Award for CSR

Posted on: Friday, June 6th 2008 and is filed under Press Releases.

ITC Limited has won the top honours at the TERI Corporate Award for Social Responsibility 2008 in recognition of its exemplary initiatives in implementing integrated watershed development programmes across 7 states, providing precious water resources for agriculture, rural communities and...

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KPIT Cummins & SAP announce joint go-to-market partnership

Posted on: Friday, June 6th 2008 and is filed under Press Releases.

KPIT Cummins Infosystems Ltd (BSE: 532400; NSE: KPIT) a specialist solutions partner to global manufacturing corporations, today announced a joint go-to-market partnership with SAP India. The partnership brings together KPIT Cummins’ deep domain expertise in Automotive & Indus...

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TCL’s Sodium Bicarbonate plant operational in Netherlands

Posted on: Friday, June 6th 2008 and is filed under Press Releases.

Tata Chemicals Limited (TCL), world’s second largest producer of Soda Ash, today announced the opening of a new hi-tech Sodium Bicarbonate plant adjacent to its Brunner Mond facility in Delfzijl. The highly automated plant uses surplus carbon dioxide from the soda ash plant as one of it...

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Punj Lloyd bags Rs 649cr contract from IOC

Posted on: Friday, June 6th 2008 and is filed under Press Releases.

Punj Lloyd, a specialist in Engineering, Procurement and Construction (EPC) services, has secured a Rs 649 crore contract for the Motor Spirit Quality (MSQ) Upgradation Project of Indian Oil Corporation Limited at Barauni Refinery, Bihar. Indian Oil Corporation Ltd (IOCL) has yet again e...

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Suzlon enhances stake in REpower

Posted on: Friday, June 6th 2008 and is filed under Press Releases.

Suzlon Energy Limited, the world’s fifth leading wind turbine maker with 10.5% of global marketshare, announced the acquisition of Areva’s total stake of approx 30% in REpower Systems AG of Germany. This acquisition consolidates Suzlon’s total holding in REpower to approximately 66...

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Intraday calls for 06-06-08

Buy Lanco Infratech at 404, target: 420. Stoploss: 401 Buy PVR at 185, target: 194. Stoploss: 182 ...

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ICICI Bank revises NRI deposit rates

Posted on: Thursday, June 5th 2008 and is filed under Press Releases.

ICICI Bank Ltd announced today that it has revised its interest rates on NRE Fixed Deposits and FCNR Deposits with effect from June 01, 2008.The interest rates on one year NRE Fixed Deposits have been increased to 3.16 % p.a. while one year FCNR Deposits denominated in US Dollars have bee...

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Tata Comm attains ISO 20000 & 27001 Certifications

Posted on: Thursday, June 5th 2008 and is filed under Press Releases.

Tata Communications (NYSE: TCL), a leading provider of the new world of communications, announced today that it has successfully attained the International Organization for Standardization (ISO) 20000-1:2005 and 27001:2005 certifications for its Global Managed Services Operations in the a...

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Maytas Infra wins washery reject coal-based EPC contract

Posted on: Thursday, June 5th 2008 and is filed under Press Releases.

Maytas Infra Limited, a Hyderabad based construction and infrastructure development company today announced that they have been awarded India’s first washery reject coal-based power plant contract of 120-megawatt (MW) capacity on a total Engineering, Procurement and Construction (EP...

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