Times of IndiaPosted by Yogesh on Tuesday, 9 September, 2008
MUMBAI (Thomson Financial) – India spot gold closed lower Tuesday, tracking the fall in international markets, with limited physical demand capping further losses, market participants said.
In London, gold came under pressure, struggling to stay above $800 an ounce level because of a strong U.S. dollar.
Posted in Commodities | Tagged: Gold, Silver | Leave a Comment »
Posted by Yogesh on Tuesday, 9 September, 2008
MUMBAI, Sept 9 Sterlite Industries (India) Ltd, part of the mining group Vedanta Resources, said shareholders would get seven shares in Madras Aluminium Co for every four shares held as part of a restructuring.
Vedanta group owns 80 percent of Madras Aluminium and 62.5 percent of copper producer Sterlite Industries, stock exchange data showed.
Source Reuters
Posted in Stock News | Tagged: Madras Aluminium Co, Sterlite Ind | Leave a Comment »
Posted by Yogesh on Tuesday, 9 September, 2008
MUMBAI, Sept 9 – Indian state-run power equipment maker Bharat Heavy Electricals Ltd BHEl.BO said on Tuesday it had received an order worth 22 billion rupees .
The contract is for setting up a power plant with a combined output of 726.6 MW in Tripura in north-eastern India for ONGC Tripura Power Co, a venture of Oil anad Natural Gas Corp , it said in a statement.
The first part of the contract will be completed in 42 months, with the second part scheduled to be completed in 45 months, it said.
Source Reuters
Posted in Corporate News | Tagged: BHEL, orders | Leave a Comment »
Posted by Yogesh on Tuesday, 9 September, 2008
MUMBAI, Sept 9 – National Commodity and Derivatives Exchange Ltd , part-owned by Goldman Sachs , will launch thermal coal contracts trade from Sept. 10, it said on Tuesday.
Rival Multi-Commodity Exchange of India, the leader in energy trade in India, is also likely to launch thermal coal futures in later part of the year, its chief executive, Joseph Massey, told Reuters in January.
Posted in Commodities | Tagged: coal futures, NCDEX | Leave a Comment »
Posted by Yogesh on Tuesday, 9 September, 2008
NEW DELHI, Sept 9 – Malaysia’s TM International will now launch their open offer to buy up to 20 percent of Spice Communications on Sept. 17, the manager to the offer said on Tuesday.
The offer, to buy up to 138 million shares at 77.3 rupees each for a total of nearly $250 million, will close on Oct. 6, Lazard India said in a notice to the stock exchange.
Posted in Stock News | Tagged: Open Offer, Spice | Leave a Comment »
Posted by Yogesh on Tuesday, 9 September, 2008
NEW DELHI, Sept 9 – Indian Oil Corp will not offer a spot tender to export naphtha for October lifting as local demand will rise when a liquefied natural gas terminal is shut for a week next month, a company official said on Tuesday.
Posted in Corporate News | Tagged: IOC | Leave a Comment »
RSS 
Email 