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SpiceJet to Acquire 30 Boeing 737-800 Aircraft

Oct 9, 2010
The Delhi-based low cost airline SpiceJet decided to acquire 30 Boeing 737-800 aircraft valued at around $2.7 billion.

SBG Projects Became a Co-promoter of Maytas Infra

Oct 9, 2010
Maytas Infra Ltd., in a recent notification to the stock exchanges informed that SBG Projects Investments Ltd which is based in Mauritius and part of the Saudi Binladin Group was allotted 15459133 shares.

Dish TV Launched Language-specific Packages

Oct 9, 2010
On 3 August 2010 Dish TV announced the launch of region- and language-specific packages for the southern market. These packages would cater to the diversity in the southern market and each State would represent different patterns.

SAIL Commenced Revival Process for Jagdishpur unit

Oct 9, 2010
Steel Authority of India Ltd (SAIL) on 26 July 2010commenced the revival process for its Jagdishpur unit. The foundation for a TMT Bar Mill of 1.5 lakh tonnes per annum (tpa) capacity was laid by the Steel Secretary, Atul Chaturvedi, and C S Verma, Chairman, SAIL.

NTT DATA Acquired Stakes in FirstApex

Oct 9, 2010
On 28 July 2010 a leading Japanese IT solutions and service provider in system consultation, integration and design, NTT DATA declared that it acquired 79.7 per cent stake in FirstApex, an IT product developer for the insurance industry.

Name Changed from JSL Ltd to JSL Stainless Ltd

Oct 9, 2010
India’s largest stainless steel producer JSL Ltd on 23 July 2010 declared that the company's name was changed to JSL Stainless Ltd from JSL Limited.

Electronic Trading of Gold Bars and Coins

Oct 9, 2010
National Spot Exchange Limited (NSEL) and Shree Ganesh Jewellery House Limited (SGJHL) recently launched electronic trading of gold bars and coins.

Barista Entered into Alliance with LiveMedia

Oct 9, 2010
Barista Coffee Company Ltd on 26 July 2010 declared a strategic alliance with LiveMedia, a digital destination firm.

Dhanlaxmi Bank Launched Retail Asset Products

Oct 9, 2010
A mid-size private sector banks, Dhanlaxmi Bank on 4 August 2010 launched retail asset products. The product portfolio would consist of home loans, loans against property, commercial property and plot loans and construction loans.

7th Indiamart AMTEX 2010

Oct 9, 2010
7th Indiamart AMTEX 2010, an event that concentrates on machine tools and engineering industry was organised in New Delhi from 23 to 26 July 2010.

Vodafone Essar Launched VF 247

Oct 9, 2010
Cellular service provider Vodafone Essar launched its first solar powered phone VF 247 in India on 27 July 2010. VF 247 is designed to cater the rural masses that prefer low-end handsets.

Fortis stake in Parkway Sold to Khazanah

Oct 9, 2010
Fortis Healthcare promoters Malvinder and Shivinder Singh on 26 July 2010 concluded the takeover battle by selling their sell their entire equity in Parkway for around $800 million to Malaysian government’s investment arm Khazanah.

Ruia Group Acquired Gumasol-Werke

Oct 9, 2010
The Ruia Group acquired German solid tyre manufacturer Gumasol-Werke Dr. Mayer GmbH & Co on 1 August 2010. Solid resilient tyres that are used in industrial applications such as forklift trucks, sewage plants and industrial trailers is manufactured by gumasol at their Frankfurt facility.  

SC Not to Restrain Sesa Goa from Launching an Open Offer

Oct 9, 2010
 The Supreme Court bench comprising Justices G S Singhvi and Ashok Kumar Ganguly on 27 August 2010 refused to restrain Vedanta Resources' subsidiary Sesa Goa from launching an open offer to buy 20% stake in Cairn India.

CFSL’s Operations Diversified

Oct 9, 2010
Central Bank of India in August 2010 enlarged the scope of operations of its wholly-owned subsidiary Centbank Financial Services Ltd (CFSL) so as to retain their corporate clients.

NIC to be Set Up

Oct 9, 2010
The Indian government in August 2010 decided to set up the National Innovation Council (NIC) to be headed by Sam Pitroda who currently is the PM’s advisor on public information infrastructure and innovations.

Sensex Rose to a 30 Month High

Oct 9, 2010
The Sensex rose to a 30 month high on 19 August 2010. The global improvements in economic sphere encouraged FIIs and domestic institutions to buy stocks.

SAIL Selected Suppliers for Bhilai Projects

Oct 9, 2010
Steel Authority of India Ltd on 18 August 2010 selected four international suppliers for equipment and providing technology support to four critical projects of Bhilai Steel Plant.

Morgan Stanley report on the Indian Economy

Oct 9, 2010
According to a recent Morgan Stanley report on the Indian economy estimation India will start growing faster than China in 2013.

Innespace manufactured Seabreacher X

Oct 9, 2010
American company Innespace manufactured a boat,

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