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Positive closing for 2009
The market could test 5,300 going into the December settlement

IIP numbers, Infy results fail to shore up market
The benchmark indices fell today despite robust industrial production data for November and Infosys’ better-than-expected results. Fears that the central bank will tighten monetary policy at its January 29 meeting dented the sentiment on the Street.

News of the day

Suven gets 3 European patents on NCEs
Suven Life Sciences Limited, a Hyderabad-based biopharmaceutical company specialising in central nervous system (CNS) diseases, has received patents corresponding to three new chemical entities (NCEs) for the treatment of disorders associated with neuro-degenerative diseases.
Management

GEECL completes laying gas pipeline from Asansole to Durgapur

Great Eastern Energy Corp today said it has completed laying a gas pipeline from Asansol to Durgapur in West Bengal. - Petro board to identify 300 cities for gas networks - Great Eastern Energy may bid for CBM blocks - ONGC Videsh to join Chinese gas pipeline from Myanmar - GAIL to raise Rs 2,000 cr for expansion - Delhi HC rejects Man"s plea challenging GAIL"s re-tending - GAIL to invest Rs 7,500 cr in Dabhol, Kochi pipelines The pipeline will transport the gas GEECL produces from coal seams, called Coal Bed Methane (CBM), to consumers. "The completion of the laying of the pipeline from Asansol to Durgapur is a significant milestone achieved by the company and gives access to new market opportunities for GEECL," company President and Chief Operating Officer Prashant Modi said in a press statement here. The 77.47-km pipeline connects its CBM fields to Kulti, Asansol and Durgapur. "With the production potential of the license no longer in question the focus of the business has increasingly moved towards sales, marketing and distribution," he said. GEECL said it is currently testing the section between Raniganj and Durgapur. The pipeline, which is capable of carrying up to 35 million standard cubic feet per day of gas, is part of a vertically integrated network consisting of drilling, production, compression, transportation and distribution services, the statement added.


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