Teen Traders' Blog

-The initial public offer(IPO) of private ship-builder Pipavav Shipyard got subscribed 6.64 times till the final day today, getting a strong response from investors.BusinessStandard

-Bharat Sanchar Nigam (BSNL) would provide 1.5 lakh mobile connections during this fiscal, even as the much awaited 3G Mobile would be introduced very shortly in Coimbatore and Tiruppur, a top BSNL official said today.BusinessStandard

-Google Inc. said Apple Inc.’s top marketing executive personally told the company that its Google Voice application had been rejected because it duplicates the telephone dialer on the iPhone and could be used as a replacement.YahooFinance

-India’s foreign exchange reserves grew $3.32 billion in the week up to September 11, 2009, to $280.98 billion on the back of portfolio investments and revaluation of currencies.BusinessStandard

-World’s largest steelmaker ArcelorMittal has asked the Orissa government to treat its proposed Rs 50,000-crore project on the issue of mining lease at par with other big ticket investments.BusinessStandard

-Valuation norms for insurance cos soon: IRDA.IndiaInfoline

-Cinemax , the largest multiplex chain in Mumbai with 36 existing screens, is getting bigger by adding four more with the launch of its new property at Ghatkopar on September 19.BusinessStandard

-UBS in talks with Cognizant, Genpact to sell its BPO units-EconomicTimes

-Kolkota headquartered RPG Enterprises said it would enter the coffee chain  business by setting up a Joint Venture with an US Company.   BusinessStandard

-Gujarat to award contracts for US$10bn Solar Power Project.IndiaInfoline

-The Sensex ended flat after recovering from the lower levels to continue its winning streak for the fourth day.  BusinessStandard

-Domestic drug major Cipla Ltd has signed a long-term collaboration agreement with Swiss specialty pharmaceutical major Meda, to develop and market an anti-allergic rhinitis drug for various global markets.BusinessStandard

-The Petroleum Ministry has asked Cairn India to pay a production tax on the oil it has started to produce from its prolific Rajasthan fields even though the contract does not clearly lay the onus of the levy on it.BusinessStandard

-Betting big on the Indian growth story, South Korean consumer durables major LG today said it will invest about $1 billion here for marketing and research over the next five years.BusinessStandard

-Godrej Properties will hit the capital market with an initial public offer (IPO) in the next three months, its Chairman Adi Godrej said today.BusinessStandard

-Indian metal giant Sterlite Industries today stated that it has raised its offer price for purchase for bankrupt US copper miner Asarco to $2.56 billion from its earlier bid of $2.13 billion.BusinessStandard

-Factory productions expanded at a greater pace for the second month in a row growing by 6.8 per cent in July against 6.4 per cent a year ago, signalling an industrial recovery.BusinessStandard

-After the Income Tax Department raided various premises of real estate developer HDIL, directors of the company have admitted to concealing its income by Rs 350 crore, allege sources in the department. CNBC-TV18’s Ashwin Mohan reports.-Moneycontrol

-BHEL wins order worth Rs1300cr from NTPC

-Nifty may scale 5K in one month: Emkay Global.Moneycontrol

-India’s July Industrial Production Rises 6.8% From Year Ago.

-Indias Electricity Production Rises 4.2% In July

-India July Consumer Goods Production Rises 8.8%

-There is still no clarity over the Jet Airways-pilots impasse. Day four into the strike, the Jet management and the pilots held an eight-hour-long meeting at the Labour Commission’s office but sources say no firm conclusion has been arrived at yet. 495 pilotshave not reported today, 208 flights have been cancelled & 35 international flights have been cancelled.Moneycontrol