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Buzzing Stocks
· RIL prolific D-1 and D-3 gas fields off the east coast have seen a 15% drop in production to about 45-46mn cubic meters per day because of reservoir complexities.
· Siemens Ltd plans to invest US$87mn on the development of wind turbines over the next two years.
· BHEL has bagged an order worth Rs37bn to supply the country’s first super critical 700-Mw coal fired unit of Karnataka Power Corporation Ltd for its thermal power station (TPS) at Bellary.
· HCL Technologies has signed a multi-year IT infrastructure management deal with pharmaceutical firm Purdue Pharma.
· Sun Pharmaceutical has received a tentative approval from US health regulator to market generic donepezil hydrochloride tablets used for treating Alzheimer's disease in the American market.
· Videocon Industries along with its partners Oilex, Sasol Petroleum Australia, Bharat Petro Resources and Hindustan Petroleum, have entered into a farm agreement with Apache Northwest for WA-388-P gas exploration license in offshore West Australia.
· SAIL has signed a memorandum of understanding with Japanese steelmaker Kobe Steel Ltd for a comprehensive strategic collaboration covering technologies, projects and other areas.
· ABB Ltd to buy Baldor Electric Co for about US$3.1bn in cash to expand in the North American market for industrial motors and drives.
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