Wednesday, May 14, 2008
General Motors Corp.,
General Motors Corp., the biggest U.S. automaker, may need to raise about $9 billion over the next two years should selling conditions not ``materially rebound' in the second half, Lehman Brothers Holdings Inc. said today.
MBIA Inc. Ambac Financial Group Inc
Moody's Investors Service said deepening losses at MBIA Inc. and Ambac Financial Group Inc. may imperil their Aaa credit ratings less than three months after affirming the top grade.
The two largest bond insurers recorded a total $6.7 billion of first-quarter charges for losses on home-equity loans and collateralized debt obligations,
The two largest bond insurers recorded a total $6.7 billion of first-quarter charges for losses on home-equity loans and collateralized debt obligations,
yahoo
Yahoo! Inc., the Internet company that spurned a $47.5 billion bid from Microsoft Corp., rose as much as 1.6 percent in Nasdaq trading on reports that billionaire investor Carl Icahn might try to unseat the board, opening the door to another offer.
U.S. Economy: Consumer Prices Increase Less Than Anticipated
U.S. consumer prices rose less than forecast in April, reflecting cheaper cars and lodging costs that offset the biggest jump in food expenses in 18 years
clinton won
Hillary Clinton won an overwhelming victory in yesterday's West Virginia primary that did little to cut into Barack Obama's lead in the Democratic presidential race.
JPMorgan May Cut 4,000 Jobs on Bear Merger
JPMorgan Chase & Co., the third- largest U.S. bank, may eliminate 4,000 of its own staff as it brings on employees from the purchase of Bear Stearns Co
bank of england rate cut
England Governor Mervyn King signaled he is about done cutting interest rates Reducing the Bank of England's benchmark rate to 4.5 percent from the current 5 percent
Economic woes begin to hit UK jobs market
The first clear signs that the credit crunch and stuttering economic growth have begun to hit the jobs market emerged on Wednesday with official figures showing that the number of people claiming unemployment benefit has risen for the third month in a row.
Wall Street
Wall Street advances after better-than-expected consumer price report eases inflation concerns
US marketnews
Inflation pressures ease in April despite biggest jump in food prices in 18 years
Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Mac also said Wednesday it plans to raise $5.5 billion in new capital.
Macy's says it lost $59 million in the first quarter because of lower sales and the cost of consolidating business units that should save money starting next year.
Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Mac also said Wednesday it plans to raise $5.5 billion in new capital.
Macy's says it lost $59 million in the first quarter because of lower sales and the cost of consolidating business units that should save money starting next year.
news
BEML speeds up on tie-up with Sail
New order lights up Jyoti order worth Rs 27.24 crore from Aravali Power Co for 600 megawatt Indira Gandhi super thermal power plant - Jhajjar
Overseas order fuels PSL company said its subsidiary PSL FZE, Sharjah, UAE has secured an order worth $45 million for supply of steel pipes.
New order lights up Jyoti order worth Rs 27.24 crore from Aravali Power Co for 600 megawatt Indira Gandhi super thermal power plant - Jhajjar
Overseas order fuels PSL company said its subsidiary PSL FZE, Sharjah, UAE has secured an order worth $45 million for supply of steel pipes.
stock split
Apollo Sindhoori Capital Investments hit 5% upper circuit at Rs 418.75 at 10:27 IST on BSE after the company said it will consider splitting its shares in the board meeting scheduled on 22 May 2008.
india stock news
Omaxe to invest $20 bn for low-cost homes
Dubai cos eye Indian infrastructure space
MphasiS to add 3,600 seats in Chennai
DuPont India eyes $1 bn revenue in India in 5 yrs
Lloyd Electric buys Czech co Luvata
Airtel to focus on villages in Madurai
JSW Steel's production grew 14% in April 2008
Secondary steel producers like Bhushan Steel and Uttam Galva have agreed to a price cut of Rs 4,000 a tonne
Glaxo in pact with Astellas, Japan
Dubai cos eye Indian infrastructure space
MphasiS to add 3,600 seats in Chennai
DuPont India eyes $1 bn revenue in India in 5 yrs
Lloyd Electric buys Czech co Luvata
Airtel to focus on villages in Madurai
JSW Steel's production grew 14% in April 2008
Secondary steel producers like Bhushan Steel and Uttam Galva have agreed to a price cut of Rs 4,000 a tonne
Glaxo in pact with Astellas, Japan
PFC
Power Finance Corporation Ltd has informed that the Company has signed an MoU with Ex-Im Bank of U.S. on May 14, 2008.
The US Exim
The US Exim has committed USD 2.2 billion lines of credit for funding infrastructure projects and USD 6 billion for funding aircraft purchases by Air India and Jet Airways over the next few years
case against HDFC Bank
Himatsingka Seide (HSL) has filed a case against HDFC Bank in the Bangalore civil court over foreign exchange derivatives losses
railway sector
India and France have signed Memorandum of Understanding (MoU) for promoting bi-lateral cooperation in the Railway sector
results will be announced
HDIL to announce FY08 results on May 21
ITC to publish FY08 resutls on May 23
GlaxoSmithKline
GlaxoSmithKline Pharmaceuticals said on Wednesday it had signed a co-production agreement with Japanese drug maker Daiichi Sankyo for anti-hypertensive drug Olmesartan Medoxomil and its combination products
sbi
State Bank of India has entered into a memorandum of understanding with Insurance Australia Group (IAG) and will ensure that its proposed non-life joint venture is not adversely affected by international M&As,
SBI merger
The Finance Ministry is awaiting the Law Ministry`s advice regarding a proposal for merging the State Bank of Saurashtra with the State Bank of India, pursuant to which, the approval of the Cabinet will be sought
GlaxoSmithKline
GlaxoSmithKline Pharma announced a collaboration with Japan based Astellas Pharma for exclusive rights for the latter`s injectible anit-fungal agent namely, Micafungin in the India market.
indian market news
Provogue to open 2 stores every month
Bank of Baroda has signed a memorandum of understanding (MoU) with Dubai-based real estate company Dubai Properties for financing buyers of the latter`s products in the United Arab Emirates (UAE),
The world`s richest Indian Lakshmi Mittal, is planning to buy 3.9% stake in Indiabulls Properties Investment Trust (IPIT), which will be listed in Singapore,
BEML has bagged Rs 4.77 billion order for supplying earth moving equipment and spares to Steel Authority of India (SAIL),
Mahindra & Mahindra (M&M), is in talks to acquire Kinetic Motors,
Bharat Heavy Electricals (BHEL) will invest Rs 2.36 billion over the next three years in its recently acquired Bharat Heavy Plates and Vessels (BHPV),
Tata Indicom plans to invest Rs 6 billion this fiscal to set up new telecom towers and enhance network
Kiri Dyes and Chemicals is planning to enter Vietnam and Indonesia markets
Garware Offshore Services is on verge of finalizing a deal to buy an anchor handling tug-cum-supply vessel from Singapore for an estimated cost of USD 15.5 million
Garware Offshore Services is on verge of finalizing a deal to buy an anchor handling tug-cum-supply vessel from Singapore for an estimated cost of USD 15.5 million
The government plans to invest Rs 7.5 billion on the Golden Quadrilateral (GQ) project for developing health centers in partnership with health majors like Apollo Group and 140 trauma care centers including Emergency Management and Research Institute (EMRI), Hyderabad
Bank of Baroda has signed a memorandum of understanding (MoU) with Dubai-based real estate company Dubai Properties for financing buyers of the latter`s products in the United Arab Emirates (UAE),
The world`s richest Indian Lakshmi Mittal, is planning to buy 3.9% stake in Indiabulls Properties Investment Trust (IPIT), which will be listed in Singapore,
BEML has bagged Rs 4.77 billion order for supplying earth moving equipment and spares to Steel Authority of India (SAIL),
Mahindra & Mahindra (M&M), is in talks to acquire Kinetic Motors,
Bharat Heavy Electricals (BHEL) will invest Rs 2.36 billion over the next three years in its recently acquired Bharat Heavy Plates and Vessels (BHPV),
Tata Indicom plans to invest Rs 6 billion this fiscal to set up new telecom towers and enhance network
Kiri Dyes and Chemicals is planning to enter Vietnam and Indonesia markets
Garware Offshore Services is on verge of finalizing a deal to buy an anchor handling tug-cum-supply vessel from Singapore for an estimated cost of USD 15.5 million
Garware Offshore Services is on verge of finalizing a deal to buy an anchor handling tug-cum-supply vessel from Singapore for an estimated cost of USD 15.5 million
The government plans to invest Rs 7.5 billion on the Golden Quadrilateral (GQ) project for developing health centers in partnership with health majors like Apollo Group and 140 trauma care centers including Emergency Management and Research Institute (EMRI), Hyderabad
indian economy news
Japan to invest Rs 85.82 bn on nine Indian infra projects
The ambitious USD 90 billion industrial corridor project is on track, despite rising prices of steel and cement,
Indo-German bilateral trade to grow 30%
The Reserve Bank of India (RBI) absorbed Rs 24.30 billion in the 1-day reverse repo auction held on May 13, 2008.
The ambitious USD 90 billion industrial corridor project is on track, despite rising prices of steel and cement,
Indo-German bilateral trade to grow 30%
The Reserve Bank of India (RBI) absorbed Rs 24.30 billion in the 1-day reverse repo auction held on May 13, 2008.
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