Corporate News • IVRCL bags orders worth Rs 2,633 crore. The i rrigation segment works include civil works for the Yettinahole turnkey project. • LIC buys 4.6% stake in BHEL . The insurance firm purchased 11.41 cr ore shares worth Rs 1,889 crore. • GMR Infra forays into railway construction sector. Company to get Rs 135 crore for the project. Economic News • Karnataka invites bids for supply of 1,000 Mw power. The date for the supply of power would be January 1, 2016. • Sugar production down 11.74% on late crushing. With the intensif ied crushing of operational m ills, the production gap of 13% a fort- night ago narrowed down to less than 12% now. Global News • Oil falls below $110 as Ukraine worries ease. April Brent crude briefly fell more than $2 soon after Putins remarks, but had r ecov- ered slightly to be down $1.56 to $109.6 a barrel.
Posted on: Wed, 05 Mar 2014 04:38:10 +0000
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