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| Plywood industry sees robust growth | 24-NOV-09 |
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| After two bad years and a recession that saw demand fall by 40 to 50 per cent, the Rs 700-800 crore plywood industry in Uttarakhand is expecting a robust growth in the wake of signs of recovery in the real estate business. |
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| Aurobindo Pharma up 8.4% | 24-NOV-09 |
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| The stock jumped 8.4 per cent to Rs 852.05 after the company inaugurated its formulations manufacturing facility in its SEZ at Hyderabad. |
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| HCL Technologies up 5.4% | 24-NOV-09 |
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| The stock gained 5.41 per cent to Rs 343.65 on the announcement of the deal signed with Equitable Life for $200 million. |
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| Idea launches GSM service in Assam | 24-NOV-09 |
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| Aditya Birla Group-owned Idea Cellular today launched its GSM mobile service in Assam. With this, the company is in near completion of its pan-India network rollout with presence in 21 telecom circles in India. |
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| Nifty may test new high before expiry | 24-NOV-09 |
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| The Nifty closed above the crucial resistance level of 5,080 on strong buying in index stocks such as Reliance Industries, ICICI Bank, Tata steel and Cipla. Bharti Airtel, Reliance Communications, Jaiprakash Associates and State Bank of India closed in the red on shorts build-up on the F&O segment. The Nifty November and December futures closed at a premium to the spot on intraday short-covering and fresh long build-up. |
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| Market cheers Reliance's global plan, up 158 points | 24-NOV-09 |
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| Indian bourses rose to one-month highs as Reliance Industries leaped on its mega merger plan. The Bombay Stock Exchange (BSE) Sensitive Index today opened at 17,067.14 tracking positive global vibes. |
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| Hindalco to raise Rs 2,900 crore in QIP | 24-NOV-09 |
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| Hindalco Industries, India’s largest aluminium maker, plans to sell shares to institutional investors at Rs 130.90 each to raise Rs 2,900 crore this week. The board of directors met here today to fulfill the formalities before the issue is opened. |
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| Implement mechanism to reduce delay in licence renewal: IBAI | 24-NOV-09 |
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| The Insurance Brokers Association of India (IBAI) today demanded implementation of a mechanism to reduce delays in renewal of licences and dub-bed the recommendations of the Swarup Committee as being “unpractical” and “misconceived”. |
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| Birla Sun Life Insurance: Batting for insurance | 24-NOV-09 |
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| Birla Sun Life Insurance, which belongs to the Aditya Birla Group, has roped in four cricketers — Yuvraj Singh, Virender Sehwag, Suresh Raina and Rohit Sharma — to endorse its wealth and protection solution plans. |
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| British Airways may revive Qantas tie-up | 24-NOV-09 |
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| British Airways Plc could revive plans for a tie-up with Qantas Airways Ltd, using its merger with Spain’s Iberia Lineas Aereas de Espana SA as a template, Chief Executive Officer Willie Walsh told the Financial Times. |
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| Toyota may set up engine plant in India | 24-NOV-09 |
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| Japanese auto major Toyota on Monday said it is considering an engine and transmission plant in India as it looks to use more vehicle parts made here in its cars than to import these. |
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Content Guide
