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Telecom Sector in India records highest mobile subscribers in June
Friday, 03 August 2007
For the first time ever in June 2007, the Indian telecom sector witnessed an addition of highest number of 76 lakhs mobile subscribers in the country.

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The U.S. Dropped the Ball on the Future of Oil
Friday, 03 August 2007
In Mergers and Acquisition news on Tuesday, we saw a major player in the Canadian oil sands get bought out. The board of directors at Western Oil Sands unanimously approved an offer from Marathon Oil Corp. to obtain all of Western Oil Sands’

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GAIL India to focus on city gas projects
Thursday, 02 August 2007
Terming the next decade as ‘decade of city gas distribution,’ GAIL (India) has drawn up a road map for massive expansion of piped natural gas (PNG)and compressed natural gas (CNG)distribution to house holds and transport sector, respectively, in the next five years.

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Ranbaxy launches generic product in US
Tuesday, 31 July 2007
Ranbaxy announced on Monday the commercilisation of its first authorised generic product in US.

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Reliance Energy wins Sasan project
Tuesday, 31 July 2007
The government on Monday awarded the 4, 000 MW Sasan ultra mega power project in Madhya Pradesh to Anil Ambani’s Reliance Energy as it revised bid of Rs 1.19616 per kilo watt hour was the lowest.

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HUK proposes to buy back equity shares at Rs 230 each
Monday, 30 July 2007
Hindustan Unilever Limited (HUL) has proposed to buy back its equity shares at price Rs 230 per share through open market purchase across the bourses, from the time to time.

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RIL is second highest in GRM
Monday, 30 July 2007
Reliance Industries has declared the second highest gross refining margins (GRM) in the world-second only to the US Gulf Coast (WTI crack).

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Gail’s Q1 net rise by 16%
Saturday, 28 July 2007
GAIL (India) Limited on Friday posted a net profit of RS685 crores in the first quarter ended on June 30, compared to Rs 592 crores in the same quarter last year, an increase of 16 per cent  QoQ.

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ITC to invest 8000cr in hotel business in three cities
Saturday, 28 July 2007
ITC Ltd. will invest RS. 8000 cr to set up hotels in Bangalore, Chennai and  Ahmedabad. This was announced by ITC chairman Y.C. Deveshwar in Kolkata on Friday in Post-AGM press conference.

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ONGC gains as Rupee gains strength
Thursday, 26 July 2007
ONGC on Wednesday reported as 12 per cent of increase in the net profit of the quarter of the current fiscal.
The increase in the profit was due to reduction in the subsidy discounts for the quarter, paid by ONGC to PSU oil marketing companies.

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