News Capsule

Ansal Buildwell at its meeting held on August 20, 2010 has declared dividend at 15% i.e Rs 1.50 per share for the year ending March 31, 2010.

Angel Broking is bullish on Mcnally Bharat Engineering and has recommended buy rating on the stock with a target of Rs 406, in its August 20, 2010 research report.

Haryana Leather at its meeting held on August 10, 2010 has declared final dividend at Rs 0.60 per share i.e 6% for the financial year 2009-10.

Ruchi Soya has its Board of Directors meeting on August 28, 2010 to consider and approve the audited annual accounts dividend.

Nitin Fire Protection at its meeting held on August 17, 2010 has declared dividend of Rs 3.50 per share.

United Breweries at its meeting held on August 20, 2010 has declared dividend of Re 1 per share i:e 10% for the year ended March 31, 2010.

Angel Broking is bullish on Mcnally Bharat Engineering and has recommended buy rating on the stock with a target of Rs 406, in its August 20, 2010 research report.

Camson Biotechnologies, an agricultural biotechnology firm, plans to set up joint ventures in Singapore, Dubai and Egypt, a top company official said today.

Lakshmi N Mittal today met Punjab Chief Minister Parkash Singh Badal to seek restoration of fiscal incentives that the state government had taken away from the Rs 18,919 crore oil refinery at Bhatinda.

The Telecom Regulatory Authority of India (Trai) today recommended that fixed line telephones should have 10-digit numbers like mobile phones to avoid a situation in which there are not enough numbers due to growing demand.

Axis Bank is looking to raise up to $500 million via foreign currency bonds by the end of the 2010-11 financial year which ends in March, a top bank official said on Friday.

Jindal Steel and Power (JSPL) today said it has resumed work on its $2.1-billion project in Bolivia after the South American country allocated about 3,000 acres of land for the venture.

Engineering company ABB  said on Friday  it has opened a wind power generator factory in Vadodara, fourth such plant in India, to meet both domestic and overseas requirement of the equipment.

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