Latest news- 20-july-2011

L&T HAS DUG UP THE Rs12.10bn ORDER

 

Larsen & Toubro's (L&T) Power Transmission & Distribution IC has got a major international EPC order valued at H210 crore (269 Mn USD / 978 Mn QAR) from Qatar General Electricity & Water Corporation (KAHRAMAA) for Supply and Construction of thirteen extra high voltage (EHV) Substations in Qatar.

GOVT HAS APPROVED THE 31 FDI PROPOSALS

The Government has approved 31 proposals of Foreign Direct Investment (FDI), amounting to Rs. 38.45bn approximately. The FDI plans were based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 6

Eighteen proposals have been postponed, while three proposals have been rejected. Two proposals have been advised to access the automatic route. One proposal has been withdrawn from the agenda.

THE SO CALLED “GROUP OF SIX ” PRAPOSAL CONSIDERED BY THE SINATORS ON TUESDAY, TO CUT THE  US$3.7 trillion OVER THE NEXT 10 YEARS

United States' President Barack Obama on Tuesday said there has been some progress in talks with lawmakers about raising the debt limit. President Obama sanctioned a US$3.7 trillion debt-cutting plan by a bipartisan group of senators.US stocks surged and Treasury prices rose, due to the news of the proposal getting considered, which would combine tax increases and spending cuts, encouraged optimism that lawmakers will reach an agreement that will help the nation avoid default.

VEDIOCON DTH SERVICE PROVIDOR TO OFFER THE HIGHEST NUMBER OF ASLI HD CHANNELS

Videocon d2h, the fastest growing DTH service provider in India is offering highest number of Asli HD channels on its platform. These Asli HD channels are superior to the digitally modified unscaled channels which other DTH service providers are offering and claiming as High definition channels.

DAIMLER FINANCIAL SERVICES LAUNCHED IN INDIA

Daimler AG announced the official launch of its Financial Services unit in India. Headquartered in Chennai, Daimler Financial Services India is a 100% subsidiary of Daimler AG. Two out of five Mercedes-Benz cars and every fourth commercial vehicle of the Daimler group worldwide is financed or leased by Daimler Financial Services. Daimler Financial Services operates in 40 countries worldwide. It is one of the world's largest automotive financial services providers for passenger cars and the world's largest provider of financing for trucks, buses and vans. 

Posted in: Latest news- 20-july-2011