Gammon India wins Rs 632 crore order from DTTDC

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Gammon India has won Rs 631.81 crore order from Delhi Tourism and Transportation Development Corporation (DTTDC). The order is for construction of bridge and its approaches over river Yamuna at Wazirabad, Delhi.Gammon India is one of the largest civil engineering construction companies in India. It has experience in designing and constructing bridges, ports, harbours, thermal and nuclear power stations, dams, [...]

GVK Power???s subsidiary to develop power project in J&K

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GVK Power & Infrastructure has informed that GVK Developmental Projects, a wholly owned subsidiary of the company has won the bid to develop 690 MW Rattle Hydro Electric Project on river Chinab, Kishtwar district, in the State of Jammu & Kashmir on built, own, operate and transfer (BOOT) basis. The estimated cost [...]

Benchmarks pare early gains to end flat

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The key equity indices witnessed flat close on Wednesday despite good gains in early trade as investors opted to take some profit off the table at higher levels. The BSE???s sensitive index had tested its six-week closing high on Monday while the index has gained almost four percent since February 26 when the Union Budget was presented in the Parliament. Experts believed that the valuations were looking stretched [...]

Nifty settles in the green on positive Asian markets

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Benchmark equity markets traded in the positive terrain for most part of the day albeit on a bumpy ride. Markets gained significant strength during the first-session of trade tracking positive Asian markets but slipped significantly during the afternoon trade. Local equity markets got a boost from bullish trading in some of the major European markets during the first-couple of hours of trade on Wednesday. Index heavyweight RIL (Reliance Industries [...]

Intellvisions forms subsidiary in UAE

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Intellvisions Software has formed a wholly-owned subsidiary company — Intellvisions Software FZE — in SAIF Zone under free trade license by forming an entirely new entity as per the rules and regulations of UAE authorities.The wholly-owned subsidiary company in UAE has been registered and opened with effect from March 3, 2010.  Intellvisions is a leading provider of self-service technologies. Its [...]

Simplex Projects bags order worth Rs 40 crore

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Simplex Projects has signed a development agreement for development, installation and operation and maintenance of a multi-level car parking facility at Pan Bazaar, Guwahati. The order has been placed by the Chief Executive Officer, Guwahati Metropolitan Development Authority (GMDA), Bhanagarh, Guwahati, Assam.The project is on Design, Build, Finance, Operate and Transfer (DBFOT) basis for a period of sixty years. The [...]

NMDC FPO subscribed 0.09 times till 2:00 pm

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The follow-on public offer (FPO) of the country???s largest iron ore miner NMDC was subscribed 0.09 times or 9% till 2:00 pm. The company has received bids for 2.86 crore shares. Out of this, bids for 184,400 shares have been received at cut-off price. The Centre is looking to sell its 33.22 crore shares representing 8.38% stake in the company through the issue. The price [...]

Asian markets end in the flat-to-positive terrain on Wednesday

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Asian equity indices finished in the flat-to-positive terrain on Wednesday as investors are looking for Chinese economic data. The consumer price inflation data of the China is scheduled to be released on Thursday.Hang Seng added 0.74 points or 0.003% to 21,208.29, Jakarta Composite rose 13.05 points or 0.49% to 2,670.22, KLSE Composite surged 10.28 points or 0.78% to 1,328.22, Straits Times soared 22.75 points or 0.80% to 2,862.29, [...]

Orbit Exports gains on benefiting from anti-dumping duty imposed by USA on China

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Orbit Exports has informed that the company has benefited from anti-dumping duty imposed by USA on China.The scrip is currently trading at Rs 34.50 per share, up 0.30 points or 0.88% on the BSE The stock opened at Rs 35 compared to its previous close of Rs 34.20. Intraday, the counter has touched a high and a low of Rs [...]

Sensex finds support at the neutral line; markets??? smart-recovery likely

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Benchmark indices are likely to make a smart-recovery approaching the last hour of trade. Markets slipped into the red for a brief-period during the afternoon trade. Most of the Asian markets are trading in the green while FTSE 100 was the major gainer in the European markets during the initial hour of trade on Wednesday. Index heavyweight RIL (Reliance Industries Limited) is still among the top-five gainers. Stocks [...]

Nagarjuna Fertilizers plans to incorporate wholly-owned subsidiary in Mauritius

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Nagarjuna Fertilizers and Chemicals, the flagship company of the Nagarjuna Group, is considering incorporating a wholly-owned company in Mauritius under the name of ‘Nagarjuna Mauritius’.The company is looking to invest up to Euro 5 million in the new arm. The board of the company will meet on March 11 to consider the [...]

Meghmani Organics moves up on its R&D unit getting recognition from DSIR

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Meghmani Organics???  in house Research & Development (R&D) unit has received recognition from Department of Scientific and Industrial Research (DSIR), government of India, ministry of science & technology, New Delhi. The said unit has been recently set up at the company???s Chharodi production site. The scrip is currently trading at Rs 15.50 per share, up 0.22 points or 1.44% on [...]

Diamond Cables marginally up on commencing trial production at its new facility

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Diamond Power Infrastructure (formerly Diamond Cables), one of India???s leading Power T&D equipments manufacturer, has announced the commencement of trial production at its new facility at Village Vadadala, Taluka Savli, District Vadodara, to manufacture HT cables and LT cables.The scrip is currently trading at Rs 124 per share, up 0.15 points or 0.12% on the BSE. [...]

Orbit Exports benefits from anti-dumping duty imposed by USA on China

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Orbit Exports has informed that the company has benefited from anti-dumping duty imposed by USA on China.The US recently imposed anti-dumping duty of 231.4% on gift boxes and ribbons from China. Orbit Exports, which primarily sells its ‘Made-Ups’ consisting of gift articles and ribbons to the US has been greatly benefited by this new duty. The company, which already enjoys [...]

BSEL Infra soars on its plan of demerging its hospitality and international projects operations

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BSEL Infrastructure Realty is looking to demerge its hospitality & international projects operations into separate companies.The scrip is currently trading at Rs 15.22 per share, up 0.86 points or 5.99% on the BSE. The stock opened at Rs 14.49 compared to its previous close of Rs 14.36. Intraday, the counter has touched a high and a [...]

AMD Industries gains on completing installation of the closure line at its Neemrana facilities

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AMD Industries, part of the AMD Group, has completed installation of the closure line at its manufacturing facilities situated at Neemrana, Rajasthan.  The scrip is currently trading at Rs 25.55 per share, up 0.45 points or 1.79% on the BSE The stock opened at Rs 26.80 compared to its previous close of Rs 25.10. Intraday, the counter has touched a [...]

NIIT, IGNOU enter into MoU to bring together education and Skill Building to enhance Employable Talent Pool

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NIIT, a leading global talent development corporation and IGNOU world???s largest Open University have entered into a ???Global Partnership in Education & Skill Building for Enhanced Employability.???Under this Global Partnership, IGNOU and NIIT plan to collaborate in domains like Information Technology and Management Sciences for its India and international operations. Joint programs in IT would include programs in stand-alone undergraduate programs or combined Master???s [...]

Thermax surges on joining hands with Babcock & Wilcox Power

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Thermax has entered into a joint venture (JV) with US-based Babcock & Wilcox Power Generation Group Inc. (B&W PGG) — a global leader in power generation industry — to engineer, manufacture and supply supercritical boilers over 300 megawatts (MW) for the Indian power sector. The scrip is currently trading at Rs 671.35 per share, up 16.20 points or 2.47% on the BSE The stock [...]

Kaira Can to commence expansion programme at can division

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Kaira Can Company has decided to begin a modernization-cum-expansion programme at its can division. The programme would involve an investment of around Rs 6.5 crore,The expansion involves replacing the old printing and coating machines with higher capacity power-saving machines. Kaira Can manufactures a wide range of OTS and general purpose cans for packing processed foods, ready-to-eat [...]

Markets continue to trim gains; Sensex up 32 points

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The domestic equity markets continued to trim their gains in late-afternoon trades led by profit booking in metal, banking and capital goods stocks. Though the benchmark indices were holding their neck in the green at this point of time, the momentum was clearly in favour of the bears. Among frontliners, L&T, ICICI Bank and Tata Steel were putting pressure on the key indices. Meanwhile, sustained buying in — [...]