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Letters: Metro-man
Shyamal Majumdar’s “Game Changers” (Dec 28) did a good job talking of the Indians who have changed the last decade, and predictably the list begins with Prime Minister Manmohan Singh and contains the Ambani brothers, LN Mittal and even golden oldies like Amitabh Bachchan. Majumdar’s list, however, is incomplete without mentioning people such as E Sreedharan, the chief of the Delhi Metro Rail Corporation (DMRC). At a time when everyone associated the public sector with poorly executed projects, Sreedharan proved them wrong and gave the Capital a world-class Metro that is the envy of many. All of this, it is important to keep in mind, was executed within the government system as well as with public sector salaries.

Ranbaxy receives final USFDA approval for Glycopyrolate
Ranbaxy Laboratories today announced that it had received final approval from the US Food and Drug Administration (USFDA) to market and manufacture Glycopyrolate tablets.

News of the day

Fisheries board to call tenders for shrimp seed mfg facility soon
The National Fisheries Development Board (NFDB) is preparing to call tenders in a month for construction of various facilities for the specific pathogen-free (SPF) shrimp seed (Penaeus monodon – black tiger prawn) multiplication centre at Mulapolam village in Srikakulam district of Andhra Pradesh.
Corporate

Siemens softens despite bagging contract

Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green A consortium of Siemens and parent Siemens AG has won an export order from Ezdab Real Estate QSC, Doha in Qatar for setting up 220/66 kilovolt (KV) and three 66/11 KV substations at Ezdan international housing project in Qatar. The project work involves designing, engineering, installation and commissioning of substations and associated electrical network. The contract value for Siemens is Rs 342 crore and Siemens AG is Rs 61 crore. The project will be commissioned by January 2011.


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