Alstom T&D secures order from Power Grid-news07062012

Alstom T&D India yesterday (June 06, 2012) said it has bagged a Rs41 crore contract from Power Grid Corporation of India Ltd (PGCIL) for supply, erection of a substation.

KEC Intl receives orders worth Rs391 crore-news07062012

KEC International, the RPG Enterprises' engineering company, has won orders worth Rs391 crore for transmission and telecom infrastructure projects, the Mumbai-headquartered company said yesterday (June 06, 2012).

PM makes an effort to motivate Infra projects-news07062012

Construction companies shares rose after Prime Minister Manmohan Singh on June 06, 2012 laid out ambitious infrastructure development plans for the current fiscal year.

SBI sheds deposit rates by 25 bps-news07062012

The State Bank of India ( SBI) has cut retail deposit rates by 25-100 basis points, following the changed policy stance of the Reserve Bank of India.

IVRCL zooms on merger news-news07062012

Shares of IVRCL jumped nearly 6% to hit the weekly high of Rs44.25, on the buzz that the Andhra Pradesh High Court is likely to approve the merger of IVRCL with IVRCL Assets & Holdings.

RIL aims to outperform global peers; stk rallies 1%-news07062012

In the 38th AGM, Reliance Indusries Ltd ( RIL's) Chairman Mukesh Ambani says that the company will invest Rs1,00,000 crore in India and will outperform its global peers.

CBI seeks AG's opinion for KG-D6 fields-news07062012

The CBI has sought Attorney General's (AG) opinion on registering a case in the alleged artificial cost inflation by Reliance Industries Ltd ( RIL) for the development of eastern offshore KG-D6 fields.

MRPL gains as K'taka govt sanctions incentive package-news07062012

Mangalore Refinery and Petrochemicals (MRPL), rose over 4% touching the day's high of Rs54.90, after the company said the state government of Karnataka has sanctioned special incentive package for the company's phase III refinery expansion and upgradation project.

Rallis India gains on Rakesh Jhunjhunwala stake buy-news07062012

Rallis India surged over 7% and touched the monthly high of Rs133.60 on the BSE, after Rakesh Jhunjhunwala bought 952,000 shares of the company worth of around Rs12 crore.

Q4 FY12 Auto earnings review-news07062012

In Q4FY2012,automobile (auto) coverage saw its revenues grow by 20.2% YoY. The operating profit failed to keep pace with the top line in growth and remained largely flat while the bottom line grew 5.2%, at a much lower pace than the revenues.

Rupee appreciates by 18 paise to 55.18/dollar-news07062012

The rupee today (June 7, 2012) appreciated by 18 paise to 55.18 against the dollar in early trade on the Interbank Foreign Exchange market, following a rising trend in the equity market and selling of the American currency by exporters and banks.

United Phosp aims 15% growth this financial yr-news07062012

United Phosphorus Ltd (UPL), the country’s largest pesticide maker, is aiming at a 15% growth in topline this financial year.

Tata Motors’ starts operations at Dharwad plant-news07062012

Tata Motors has announced that its Dharwad plant for small commercial vehicles is now operational

RIL surges ahead of Annual General Meeting-news07062012

Shares of Reliance Industries (RIL) rose over 2%, touching the monthly high of Rs729.85, ahead of the company's 38th Annual General Meeting today (June 07, 2012).

M&M unveils XUV 500 at Rs11.83 lakh-news07062012

Mahindra and Mahindra (M&M) unveiled its indigenously designed and developed sports utility vehicle ( SUV) XUV 500 yesterday (June 06, 2012).

Markets open in green; RIL, Infy, ICICI Bank gain-news07062012

The Indian markets start the session with good gains or the second day in a row on the back of positive global cues. All the sectors are trading higher. Index heavyweights like RIL, Infy, ICICI Bank, HDFC Bank, Tata Steel, HDFC and HUL also led some support.

SBI beats rivals with cheaper personal loans against property-news07062012

State Bank of India (SBI) has taken competition head on by launching a personal loan scheme against property loans at interest rates lower than that of some of its private peers.

Maruti cuts petrol car prodn due to low sales-news07062012

The country's largest car maker Maruti Suzuki India (MSI) has cut production of some petrol models, including the best selling Alto, as sales of such cars have declined due to high fuel costs.

L&T arm emerges successful bidder for 2 NHAI road proj-news07062012

Engineering major Larsen & Toubro (L&T) yesterday (June 06, 2012) said its arm L&T Infrastructure Development Projects (L&T IDPL) has emerged as a successful bidder for the two contiguous National Highways Authority of India ( NHAI) road projects worth Rs4,800 crore.

Ajit Singh asks FM to revert to earlier service tax rates-news07062012

Concerned over high service tax substantially raising air ticket prices, Civil Aviation Minister Ajit Singh has urged Finance Minister (FM) Pranab Mukherjee to revert to the earlier rates which were capped at Rs100 and Rs500 per domestic and international ticket.