Corporate notes

: Sensex sheds 19 points

The country’s equity indices, after witnessing intense volatility throughout the trading session, ended the day on negative terrain, following weak cues from global markets and selling in the Realty and Oil & Gas stocks. The 30-share Sensex of the Bombay Stock Exchange lost 18.52 points or 0.11% to end the day at 16,894.25 points. The broader Nifty of the National Stock Exchange was down 0.30 points or 0.01% to end at 5,041.75 points. Dealers in the market say despite markets ending on a flat note, buying was seen by FIIs and domestic institutional investors.

KEC’s Rs 550-cr contract

Power transmission company KEC International on Thursday said it bagged six power projects worth Rs 550 crore in Algeria and Abu Dhabi. The company has bagged five orders worth Rs 474 crore from Algeria-based CEEG Spa for power transmission projects, KEC International said in a filing to the Bombay Stock Exchange. The completion period of the projects ranges from 12 to 18 months, the filing said. The company has also bagged a contract worth Rs 76 crore from Abu Dhabi Transport Authority for Emergency Line Restoration System (ERS) project, the filing added.

Aurobindo gets US FDA nod

Aurobindo Pharma on Thursday said it has received final approval from the US drug regulator for its anti-allergic syrup. “The company has received final approval for Cetirizine Hydrochloride syrup from the US Food and Drug Administration (FDA),” Aurobindo Pharma Ltd said.

TiE summit

The Indus Entrepreneurs (TiE) Mumbai will host the TiE Entrepreneurial Summit 2009, India’s largest summit for entrepreneurs, in Mumbai from December 21-23. Conceived by TiE Mumbai, and supported by various TiE chapters across India, ‘Enterprising India’ is a continuation of TiE’s efforts to create and propel a nation-wide movement to foster entrepreneurship spanning all socio-economic strata in the country, a media release said.

Reliance E&P CEO

Reliance Industries has appointed Walter Van De Vijver as president and CEO, Reliance Exploration & Production DMCC, its subsidiary. Van De Vijver, who brings decades of global expertise and leadership in the E&P business, will be responsible for overseeing the operations of RIL’s current portfolio of international assets. He will also focus on developing the company’s E&P portfolio in North America and other high potential countries globally.

Wipro Tech pact

Wipro Technologies, the global IT services business of Wipro Ltd, on Friday announced that it has entered into a partnership for an “Out-tasking” of testing services initiative with Telefonica O2...