Shares of Gemini Communication rose 8.67 per cent to Rs 14.17, after the company bagged India&rsquo;s first mobile Wimax project. The above Rs 67 crore order from Bharat Sanchar Nigam (BSNL) for supply, implementation and maintenance of BSNL&rsquo;s rural mobile Wimax project in telecom circles of Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Chennai, Tamil Nadu and Orissa.

Gemini rises on Wimax project

Business Standard

An open offer by Rane Holdings and Nisshinbo Industries helped the stock of Rane Brake Lining register a gain of 2.68 per cent to Rs 44.05. The open offer price of Rs 50 was announced after market hours yesterday and is at a 13.5 per cent premium to the current market price.

Rane Brake rises on open offer

The stock prices of Jindal Steel &amp; Power went up 4 per cent to Rs 1,030.30 on an announcement that the company has been allotted coal blocks in Orissa for the proposed coal-to-liquid (CTL) project. The project, which is estimated to cost Rs 42,000 crore, is expected to produce 80,000 barrels per day of crude.

Jindal Steel up on coal block allotment

Shares of Hindustan Zinc were up 2.64 per cent to Rs 345.5 on news that the company increased zinc prices by Rs 3,400 a tonne. The company took this step on expectation of a rise in metal demand. During the day, zinc prices rose about 7.2 per cent to $1,216 per tonne on the London Metal Exchange.

Hind Zinc rises on high metal prices

The&nbsp;Financial Technologies India stock&nbsp;rose by 3.52 per cent to Rs 443.9. According to reports, the company's arm, the Multi Commodity Exchange (MCX) is planning to launch an exchange for&nbsp;equity trading.

Financial Tech up on new bourse plan

Shares of Kalpataru Power Transmission (KPT) rose by 3.43 per cent to end the day at Rs 235.45 on news that the company has bagged a Rs 385 crore pipeline project. The 550-km oil pipeline is part of Guru Govind Singh Refinery being set up by HPCL-Mittal Energy.

Kalpataru rises on Rs 385-cr order

KLG Systel shares spurted to a 20 per cent upper circuit to Rs 62.6, after the company announced on Saturday that its power system solutions division was awarded orders of around Rs 40 crore from Punjab State Electricity Board for EPC project on turnkey basis.

KLG Systel up on PSEB project

Fulford India's prices spurted 14.3 per cent to close the day at Rs 331.8 on speculation that Merck&rsquo;s acquisition of Schering Plough (SP) will result in an open offer. SP holds around 54 per cent in Fulford through its arm Dashtag.

Fulford zooms on SP open offer buzz

Shares of Tata Consultancy Services rose 2.79 per cent to Rs 475.3 on news that the company has entered into a long-term engagement with Infineon Technologies. Under the agreement, TCS will operate and maintain solutions within Infineon's supply chain management domain.

TCS rises on deal with Infineon

Strides Arcolab surged by 6.94 per cent to close at Rs 70.15 after the firm announced the termination of its licence and supply agreement with the US drug company KV Pharmaceutical, due to certain negative developments at the US firm.

Strides Arcolab rises on deal cancellation

Tata Motors rose by 10.72 per cent to close at Rs 161.60, on reports that the Indian defence will be placing large orders to buy vehicles to meet their requirements for the next two years.

Tata Motors up on defence order buzz

Bharti Airtel has underperformed the Sensex in the last eight trading days, falling 12.24 per cent against 1.52 per cent decline in the benchmark index.

Termination charge,  share sale hit Bharti

Everonn Systems India (ESI) shares rocketed 44.78 per cent to Rs 123.5 after the company received a letter of intent (LOI) from M S Ramaiah Medical College and Teaching Hospital, Bangalore.

Everonn zooms on e-learning studio

News that Crompton Greaves&rsquo;s board would consider a buyback enabled the stock to move up 6.76 per cent to Rs 128.8. The next board meeting on March 24, 2009 will also consider the declaration of a third interim dividend for FY09 along with buyback of equity shares.

Crompton up on buyback buzz

Shares of Nelco surged 9.5 per cent to Rs 26.5, after the company bagged a Rs 41.6 crore communication infrastructure order from ONGC. Tatanet, a division of Nelco, has been awarded the order to enhance voice and data communication between offshore sites (ONGC&rsquo;s western offshore site) and base offices (base station in Mumbai).

Nelco surges on ONGC order

Swaraj Mazda shares increased 16.2 per cent to close the day at Rs 122.3 on the announcement that the company would issue rights to its shareholders. The board will be meeting on March 19, 2009 to consider the issue of equity shares on rights basis.

Swaraj Mazda up on rights issue

ICSA India shares spurted 8.9 per cent to Rs 69.1 on news that the company bagged orders amounting to Rs 464.17&nbsp;crore from the Bihar State Electricity Board, Mahavitaran and MP&nbsp;Poorv Kshetra Vidyut Vitaran under the Rajiv Gandhi&nbsp;Grameen Vidyutikaran Yojna.

ICSA surges on Rs 474-cr orders

Shares of Strides Arcolab rose 5.25 per cent to close the day at Rs 76.15 after the company got a US Food and Drug Administration (USFDA) nod for its Bangalore unit.

Strides Arcolab up on nod for unit

Shares of Ramsarup Industries closed at the day's high of Rs 23.45, an increase of 9.84 per cent over the previous day, on news that the company has bagged orders from the West Bengal State Electricity Distribution Company. These orders are worth Rs 164 crore and are implemented under RGGVY electrification works to facilitate electrification of 2,527 villages. The stock opened at the day&rsquo;s high and made an intraday low of Rs 22.95 with trading volumes of 6,280 shares.

Ramsarup Ind up on Rs 164-cr order

3i Infotech shares rose 6.07 per cent to close at Rs 31.45 after the company launched a new facility in Bahrain. The Bahrain office would expand its presence in the fast-growing West Asian market from which it garners around a tenth of its revenues.

3i Infotech rises on Bahrain launch

Roman Tarmat rose by 8.15 per cent to close at Rs 27.20 after the engineering and construction company announced an increase in the promoter's stake during trading hours. Dilip Varghese, promoter of Roman, increased his stake from 8.77 per cent to 9.21 per cent in the company after buying 1,009,000 shares from the open market on March 13. The stock touched a high of Rs 28.05 and a low of Rs 25.10 in intraday trade. A total of 8,035 shares changed hands on the BSE.

Roman Tarmat up on rise in promoter&#39;s stake

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