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Mallya elected President of Aeronautical Society of India
Kingfisher Airlines chief Vijay Mallya has been elected President of the Aeronautical Society of India, replacing former Chairman of Hindustan Aeronautics Limited Ashoke Baweja.

F&O OUTLOOK: Nifty may close around 5,200 in this expiry
The Nifty closed in a Doji pattern after a breakout above 5,182 on profit-booking above 5,200. The trading volumes on the futures and options (F&O) segment declined by over Rs 10,000 crore with the number of contracts in index futures lower by almost 12 per cent. This means the participants are wary of taking positions at the current level as only two trading days are left for the expiry of the current series.

News of the day

India Eco Summit: Bharti says didn't start tariff war
Bharti Airtel Chief Sunil Mittal today said the company has not initiated any tariff war with the launch of per-second billing and is merely responding to the market needs.
International Business

Madhucon Projects bags Rs 196 cr order from NCL; shares surge

Construction firm Madhucon Projects today said it has bagged an order worth Rs 196.24 crore from Northern Coalfields (NCL) for an infrastructure-related work. - Madhucon hits upper limit on Rs 196 cr order - Volatile Sensex at day"s high, up 182pts - Federal Bank slips on profit-taking, FY09 net up 31% - CESC FY09 net rises 15%, stock off day"s high - Rise in profit boosts Redington, stock up 15% - Sensex rebounds; Tata Motors, M&M slip "Northern Coalfields has awarded the work of removal of over burden at its Jayant OCP (open cast project) for a contract price of Rs 196.24 crore," Madhucon Projects said in a filing to the Bombay Stock Exchange. The project would be completed in a period of three years, it said. Amid this announcement, shares of Madhucon Projects rose 5 per cent to hit its upper circuit limit of Rs 120.50 in the morning trade on the BSE. The Andhra Pradesh-based Madhucon Projects is an infrastructure development company specialised in construction of highways, dams, canals, power projects and coal mines. A week earlier, the company had secured a contract worth Rs 300 crore from the National Highway Authority of India for a road project in Rajasthan.


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