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Slowdown hits India Inc's overseas investments
Outflows fell 16.4 per cent in April-Sept 2009 compared to the year-ago period.

RPDAC fails to resolve land rate issues of Jindal India Power
The Rehabilitation and Peripheral Development Advisory Committee (RPDAC) meeting for three Angul based industries including the Rs 15000 crore steel project of Jindal Steel and Power Limited today failed to resolve issues related to land rate for the Jindal India Power’s 1200 Mw project in the area.

News of the day

Sonia summons YSR aide after signature campaign
Tightening her grip over the succession squabble in Andhra Pradesh after the sudden death of chief minister Y S Rajasekhara Reddy, Congress President Sonia Gandhi has summoned K V P Ramachandra Rao, the late chief minister’s biggest acolyte, for a meeting on Tuesday at her residence in the national capital.
Corporate

Siemens softens despite bagging contract

Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green A consortium of Siemens and parent Siemens AG has won an export order from Ezdab Real Estate QSC, Doha in Qatar for setting up 220/66 kilovolt (KV) and three 66/11 KV substations at Ezdan international housing project in Qatar. The project work involves designing, engineering, installation and commissioning of substations and associated electrical network. The contract value for Siemens is Rs 342 crore and Siemens AG is Rs 61 crore. The project will be commissioned by January 2011.


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