OVL-GAIL eyes UK company in $1 billion deal


Dated:January 14,2012


The Kanorias of Srei Group will float a $1.5-billion global fund in Singapore to invest in infrastructure projects in India, South East Asia and Middle East.

OVL has teamed up with GAIL India to place a joint bid to acquire UK-based energy firm Cove Energy Plc, a deal valued over $1.2 billion or Rs 6,000 crore.

Entrepreneurs from the US, Europe and Asia Pacific are making a beeline to tap India's clean technology sector, especially the solar power industry.

Market Round-up
SENSEX 16154.62 117.11
NIFTY 4866.00 34.75
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Alembic Ltd. 19.20 + 20.00
Himachal Futuristic Commu 13.60 + 19.29
Rama Newsprint and Papers 11.30 + 18.94
Servalakshmi Paper Ltd. 5.80 + 18.36
Thomas Cook (India) Ltd. 37.75 + 15.79

NSE Losers
Scrip Price(Rs.) %Change
Everonn Education Ltd. 283.85 -19.99
Gufic BioSciences Ltd. 5.40 -9.24
Sezal Glass Ltd. 13.60 -9.03
SRHHL Industries Ltd. 3.85 -8.33
Oriental Trimex Ltd. 6.85 -8.05

Most Read Story
The question everyone is asking is how did this Tamil-English number capture the imagination of all of India? An IIM has even organised a seminar on it.

Most E-mailed Story
The question everyone is asking is how did this Tamil-English number capture the imagination of all of India? An IIM has even organised a seminar on it.


Most Commented Story
The Government told a Delhi court there is sufficient material to proceed against the 21 social networking sites which included Yahoo and Microsoft.


Latest Updates



No comments: