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REpower to supply 70 wind turbines to US enXco
German firm REpower, in which Suzlon Energy holds 91 per cent stake, has signed an agreement with US-based enXco to supply 70 turbines for a wind farm project by 2011.

Sensex firm in opening trades
The Sensex opened at 17,365 tracking mixed global cues and then soared to a high of Rs 17,492. The index is now at 17,481,up 137 points.

News of the day

Tech view: Long term support within sight
After five days of relentless selling, any hopes of a change in fortunes yesterday were dismissed early in the morning, as bears took grip of the markets. Aggressive selling in auto, banking, metal and realty stocks saw the markets break one support level after another during the course of the day.
Management

Punjab & Sind Bank seeks govt OK for IPO

Punjab and Sind Bank Ltd had sought government approval for its proposed initial public offer, a source close to the development said today. - United Bank files for IPO - 2009 a mixed year for primary markets - "Monetary tightening will cause some pullback" - Sebi panel for compensating victims of public issue scam - "Limited partners will look at returns in "2010 and 2011" - Jindal Power files DRHP for Rs 7,200-crore IPO The bank aims to launch the issue in early part of the financial year starting April. “We are planning to raise around 5 bln rupees through the IPO and are targeting to launch it in early next financial year,” the source told NewsWire18. Government holding in the bank is expected to come down to 83-84% following the public offer, the source said. “We will be offering 40 mln equity shares with a face value of Rs 10 per share in the public issue,” the source said. The bank is likely to charge a premium of 110-120 rupees per share in the IPO.


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