US passes $819 billion stimulus bill
he House on Wednesday evening passed an $819 billion economic stimulus package Wednesday on a party-line vote, despite President Obama’s efforts to achieve bipartisan support for the bill. The final vote was 244 to 188. No Republicans voted for the bill, while 11 Democrats voted against it.
The Senate is likely [...]

continue reading.....

Fortis Healthcare goes International: Forays into Mauritius
Fortis Healthcare Ltd has announced that the Company, through one of its wholly owned subsidiary, has joined hands with a diversified Mauritian Industrial Group CIEL, through its subsidiary Novelife Ltd, to acquire jointly a controlling stake in Mauritius’s largest private hospital, “Clinique Darne,” now rechristened Forts Clinique Darne.

continue reading.....

Abbott fixes Book Closure for Dividend & AGM
Abbott Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from March 13, 2009 to March 17, 2009 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held [...]

continue reading.....

Power Grid announces Q3 results
Power Grid Corporation has announced the following Unaudited results for the quarter ended December 31, 2008:
The results for the Quarter ended December 31, 2008
The Company has posted a profit after tax of Rs 3723.50 million for the quarter ended December 31, 2008 as compared to Rs 3842.80 million for the quarter [...]

continue reading.....

Kalpataru Power Transmission bags the largest power transmission order of over $ US 250 million from MEW, Kuwait
Kalpataru Power Transmission Ltd has announced that the Company, a leading EPC player in power transmission and distribution, has secured a transmission order worth 250 million USD from the Ministry of Energy and Water, Kuwait.

continue reading.....

Intel to shut sites and up to 6,000 job Cuts
Intel said on Wednesday it would close manufacturing plants in Malaysia and the Philippines and scale back U.S. operations as part of a restructuring that affects as many as 6,000 employees.
The announcement comes a day after the world’s largest maker of microprocessors used in personal computers [...]

continue reading.....

Kilburn Engineering bags new Order
Kilburn Engineering Ltd has announced that about the following :
- Company has bagged an Order worth Rs 11.10 Crore from Tata Chemical Ltd, Mithapur, Gujarat for supply of Calciner.
Further, the Company has also received orders from Tea Estates / Rice

continue reading.....

Varun Shipping acquires New Modern AHTS Vessel
Varun Shipping Company Ltd has announced that the Company has taken delivery of fourth 2008 built 16,100 BHP Anchor Handling Towing and Supply Vessel (AHTS). This is a specialised vessel which is used for deep sea oil exploration activity going on in areas like North Sea, KG basin and [...]

continue reading.....

Tata Steel Ltd has announced that Corus and Klesch & Company have signed Share Purchase Agreement for acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch.

continue reading.....

Winsome Yarns – Commissioning of Micro Hydel Power Projects
Winsome Yarns Ltd has announced that as a step towards cost effectiveness, the Company undertook installation of five Mini Hydro Power Projects in Punjab with total power potential of 3900 KW, allotted by Punjab Energy Development Board (PEDA).
The civil work at all the five sites is under [...]

continue reading.....