Punj Lloyd gets 17.7 bln rupees Singapore contract

Jurong Aromatics Corp Pte Ltd, is to build ancillary facilities like tanks, power plants and waste water treatment units for Jurong's energy and aromatic products plant.

Work on the project will begin in 2008 and is expected to be completed by 2011, the company said.

2.Private equity (PE) investment in India has overtaken China this year to emerge as the biggest Asian destination (excluding Japan) for PE funds.

The initial public offer (IPO) of Adani group-promoted Mundra Port and Special Economic Zone Ltd (MPSEZL) on Monday got subscribed over seven times on the third day of the issue.

The issue received bids for 30.01 crore shares against the 4.02 crore shares on offer, latest data available on the exchanges show.

The price band for the issue has been fixed between Rs 400 to Rs 440. The offer would close on November 7.

MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilized for further development of Mundra Port and SEZ.

Reliance CommunicationsChairman Anil Ambani today announced plans to launch IPTV services in Mumbai and Delhi initially.

It's been a long wait. The Internet Protocol Television Service, or IPTV, has been on the drawing board for over three years at Reliance Communications, but the commercial launch is still a few months away.

IPTV is one of the most talked about projects at Reliance Communications. It had signed up with Microsoft for this three years ago, but consumers must wait at least until next year to sample the product. Reliance Communications claims the commercial launch in Mumbai and Delhi will take place before this financial year is out. Company officials say this improvised version of the set-top box will support high-definition content.