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Dubai crisis singes markets
The markets succumbed to Dubai debt repayment crisis in the latter half of the week. The Smart Portfolios benchmark, the S&P CNX 500 index swung in a range of nearly 6 per cent - from a weekly high of 4,217 the index tumbled to a low of 3,967. The index finally ended the week with a loss of 1.9 per cent (79 points) at 4,069.

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Siemens bags Rs 403 cr contract from Qatar-based firm
Diversified firm Siemens today said the company, in consortium with Siemens AG, has bagged an order worth Rs 403 crore from Qatar-based Ezdan Real Estate QSC for power related works.

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Govt refers to CCEA Daimler's proposal to buy Hero Group stake
The government today referred to CCEA a proposal of German commercial vehicle maker Daimler to buy out its erstwhile partner Hero Group"s entire 40 per cent stake in a joint venture to produce trucks in India.
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Parsvnath Developers Q1 net dips 81% at Rs 14 cr

Real estate firm Parsvnath Developers today reported a net profit of Rs 13.81 crore for the first quarter ended June 30, a 81 per cent decline over the corresponding period a year ago. The company had posted a net profit of Rs 73.96 crore in the same period last fiscal. - FIIs net buy Rs 367cr, DIIs net sell Rs 287cr - Lanco Infratech ends flat - Markets surge on short-covering - HPCL surges 8% on good Q1 nos - RECL hits new high on 73% jump in Q1 net - Tata Steel rebounds, ends up 3% Total revenue of the realty firm halved to Rs 115.20 crore at the end of the June quarter, from Rs 376.42 crore in the corresponding period a year ago, Parsvnath said. Shares of Parsvnath closed at Rs 117.35, up 1.78 per cent over previous close on the BSE.


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