Equities are likely to open lower on Thursday after global markets fell on renewed economic concerns in the US. Investors fretted about the impact of a global slowdown on corporate bottom lines.
Oil prices were a little higher at $109.17 per barrel post a steep fall Tuesday. Rupee was at 44.42 per dollar from previous close of 44.38/39.
Bharat Heavy Electricals will set up a greenfield project for manufacturing locomotives. It is already in talks with global majors such as French train maker Alstom, German rail transit solutions firm Bombardier Transportation GmbH, Siemens AG and American firm General Electric for forming a joint venture. BHEL proposes to offer 49 per cent equity to its partner in the new venture. The project will start with an initial investment of Rs 1,000 crore.
More : economictimes.indiatimes.com
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