Thursday, June 5, 2008
Bank of England
Europe central bank
ECB staff see 2008 inflation of 3.2% to 3.6%
ECB staff see 2009 inflation of 1.8% to 3%
USA job claims
U.S. 4-wk. avg. continuing claims rise 15,250 to 3.08 mln
U.S. continuing unemployment claims fall 16,000 to 3.09 mln
U.S. 4-wk. avg. initial jobless claims fall 2,750 to 368,500
news
India`s expansion will fall to 7.8% in 2008
Nuway Organic Natural India is planning to set up a potato and grain based potable alcohol unit near Rajpura in Punjab
Raymond eyes JV in overseas mkt
Kotak Mahindra plans USD 1 bn infrastructure fund
Pantaloon Retail has signed a 50-50 joint venture (JV) agreement with French apparel firm Celio to add to its garment retailing in India
Nalco plans Rs 400 bn expansion
Eaton Corporation is looking at acquiring a power distribution company besides manufacturing power equipment in India,
news
`Deepak Fertilisers to enter contract mining`
Punj Lloyd inks pact with ST Kinetics for the manufacture of defence equipment
Tanla Solutions board approves acquisition Finland co. Openbit Oy, Finland by its subsidiary Tanla Mobile Asia Pacific Pte for USD 18.60 million
Jaihind Projects bags Rs 76.2 mn order from Karnataka Urban Water Supply & Drainage board for construction of manholes,
Mahindra and Mahindra has signed an agreement with Engines Engineering S.p.A for acquiring 100% stake in Engines Engineering
Tokyo-based Yokohama Rubber is estimated to invest Rs 10 billion in Haryana over the next two years to set up a manufacturing facility in Bahadurgarh
Government approved 23 more proposals for setting up Special Economic Zones, including an airport-based one by Bangalore International Airport (BIAL) and an IT zone by Larsen and Toubro
India-based Tex Zippers entered into a deal to set up zipper manufacturing plant at the newly set up Export Processing Zone on outskirts of Dhaka
news
RBI bans Sahara India from accepting public deposit
NIIT has received the mandate for providing computer education to 1.9 million students in 900 state government schools in Maharashtra and Bihar.
Nettlinx eyeing Australian co for the purpose of considering the acquisition of 100% capital of Anchor Systems, Sydney, Australia
Govt. sets up panel for examining oil firms` condition
india stock news
The National Highways Authority of India (NHAI) signed a concession agreement with IJM Corporation Berhad-IDFC for the 6-laning of the Chilkaluripet-Vijayawada section of NH-5 in Andhra Pradesh under NHDP Phase-V, worth Rs. 6.75 billion
The finance ministry restricted tax holidays to new public sector refineries or companies with a 49% stake holding by state-run firms
Indiabulls Properties Investment Trust, a unit of Indiabulls Real Estate, declared that it extended the retail portion of its USD 84 million initial public offer of shares in Singapore
HEG board approves Rs 1.9 bn capacity expansion plan
Cabinet sanctions Rs 46.76 bn Kolkata east-west metro corridor project
Tech Mahindra (TechM), one of the largest solution providers in the telecom space and India`s sixth largest software exporter, announced a multi-million dollar deal with Botswana Tele-Communications (BTC), a state owned telecommunication company of Botswana
The Union Cabinet has accorded approval to the formation of the joint venture (JV) company by EIL with Tecnimont SPA, Italy.
BGR Energy has been awarded a contract worth USD 9.29 million by State Company for Oil Projects(SCOP), Baghdad
Hanung Toys & Textiles is negotiating with two U.S. companies for acquisition
Malaysia hikes petrol prices by 40%