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Popular Articles

Andhra Bank seeks nod for LIC trail commission
Andhra Bank, whose insurance venture with Bank of Baroda and Legal & General was launched today, has approached the regulator to protect the trail commission it stands to earn from its distribution tie-up with Life Insurance Corporation of India (LIC). http://smallpersonalloans.org.uk

Karna CM holds talks with dissident MLAs
Karnataka Chief Minister B S Yeddyurappa, who is facing fresh bout of dissidence from his party legislators demanding ouster of recently inducted minister M P Renukacharya, today held talks with a four-member dissident group to defuse the crisis.

News of the day

India Cements to raise stakein Indo Zinc
The southern cement major India Cements is going to considerably increase its recently acquired holding in Indo Zinc in Rajasthan. Indo Zinc holds a limestone mining lease in Rajasthan — an indispensable input for manufacturing cement.
Corporate

Siemens softens despite bagging contract

Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green A consortium of Siemens and parent Siemens AG has won an export order from Ezdab Real Estate QSC, Doha in Qatar for setting up 220/66 kilovolt (KV) and three 66/11 KV substations at Ezdan international housing project in Qatar. The project work involves designing, engineering, installation and commissioning of substations and associated electrical network. The contract value for Siemens is Rs 342 crore and Siemens AG is Rs 61 crore. The project will be commissioned by January 2011.


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