Stocks to watch: Rel Infra, L&T, Gujarat NRE, UltraTech Cement
Even as Asian markets paint a mixed picture, the sharp fall in crude oil prices is likely to cheer investor sentiment on Tuesday. US markets were closed on Monday on account of Labour Day.
By ET Online |
MUMBAI: Even as Asian markets paint a mixed picture, the sharp fall in crude oil prices is likely to cheer investor sentiment on Tuesday. US markets were closed on Monday on account of Labour Day.
Oil plunged more than $4 on Monday as concerns that Hurricane Gustav would cause severe damage to the US oil sector eased after the storm weakened before hitting the Louisiana coast. US crude fell $4.24 to $111.22 a barrel as markets discounted the potential damage from the storm, which had earlier been forecast to hit the United States as a category 4 storm.
Indian rupee was weak at 44.22/23 per dollar, against Monday's close of 44.17/18.
In a setback to Tata Communications, global arbitration tribunal International Chamber of Commerce has directed the company to pay Flag Telecom $19 million plus interest since May 2006 as damages over a cable dispute.
The Anil Ambani led-Reliance Infrastructure (RInfra) has made a renewed pitch for the first phase of the monorail project to Mumbai Metropolitan Region Development Authority (MMRDA).
Earlier, the state-owned nodal agency had shortlisted a bid submitted by the consortium between Larsen & Toubro and Malaysian company Scoomi.
Gujarat NRE Minerals, Australian subsidiary of Gujarat NRE Coke, is in process of increasing its productions up to 6 million tonne per annum by 2012-13 from the mines (NRE No.1 Colliery and NRE Wongawilli Colliery) located in Illawarra region of New South Wales. It will be investing $400 million to $450 millions on these mines over the next four years to achieve the production of 6 million tons per annum, to cater to rising steel demand in India.
Electrical equipment maker Indo Asian Fusegear has bagged Rs 23 crore order for export of electrical distribution equipment to West Africa.
Jagran 18 Publications (50:50 joint venture between Television Eighteen India and Jagran Prakashan) has deferred the launch of the business newspaper in regional language.
Major cement companies have raised prices in Mumbai by Rs 3 per 50 kg bag beginning September, say reports.
UltraTech Cement���s application to acquire a limestone mine in Andhra Pradesh has been rejected by the ministry of mines, say reports.
Oil plunged more than $4 on Monday as concerns that Hurricane Gustav would cause severe damage to the US oil sector eased after the storm weakened before hitting the Louisiana coast. US crude fell $4.24 to $111.22 a barrel as markets discounted the potential damage from the storm, which had earlier been forecast to hit the United States as a category 4 storm.
Indian rupee was weak at 44.22/23 per dollar, against Monday's close of 44.17/18.
In a setback to Tata Communications, global arbitration tribunal International Chamber of Commerce has directed the company to pay Flag Telecom $19 million plus interest since May 2006 as damages over a cable dispute.
The Anil Ambani led-Reliance Infrastructure (RInfra) has made a renewed pitch for the first phase of the monorail project to Mumbai Metropolitan Region Development Authority (MMRDA).
Earlier, the state-owned nodal agency had shortlisted a bid submitted by the consortium between Larsen & Toubro and Malaysian company Scoomi.
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Gujarat NRE Minerals, Australian subsidiary of Gujarat NRE Coke, is in process of increasing its productions up to 6 million tonne per annum by 2012-13 from the mines (NRE No.1 Colliery and NRE Wongawilli Colliery) located in Illawarra region of New South Wales. It will be investing $400 million to $450 millions on these mines over the next four years to achieve the production of 6 million tons per annum, to cater to rising steel demand in India.
Electrical equipment maker Indo Asian Fusegear has bagged Rs 23 crore order for export of electrical distribution equipment to West Africa.
Jagran 18 Publications (50:50 joint venture between Television Eighteen India and Jagran Prakashan) has deferred the launch of the business newspaper in regional language.
Major cement companies have raised prices in Mumbai by Rs 3 per 50 kg bag beginning September, say reports.
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UltraTech Cement���s application to acquire a limestone mine in Andhra Pradesh has been rejected by the ministry of mines, say reports.
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