india news

Omaxe, a real estate development company, had incorporated a wholly owned subsidiary with the name Rohtas Holdings (Gulf) at Dubai

Bharti Airtel will be launching the newly-unveiled iPhone 3G in India later this year.

NHPC likely to ink MoU with JKPDC for Chenab basin power project estimated cost of Rs 150 billion.

Indian railways revenue up 19.85% during Apr-May 2008 Rs 133.34 billion compared with Rs 111.25 billion during the same period, last year.

Oscar Investments acquires ANR Securities for Rs 3.8 mn

Tata Steel opens retail outlet at Mozambique

Romanian central bank

The Romanian central bank (NBR) this morning announced that it has hiked its key policy rate by 25bp to 9.75%

Hungary

Hungary: Central bank hiked the base rate by 25bp to 8.25%

Russian central bank (CBR)

Russian central bank (CBR) has announced today that from July 1 it will raise its compulsory reserve requirements for commercial banks to 5.0% from 4.5% for retail deposits in roubles, to 7.0% from 5.5% for banks' liabilities to non-resident banks and to 5.5% from 5.0% for other bank liabilities

Japan int rate

Bank of Japan (BoJ) left its leading interest O/N target rate unchanged at 0.5%

AUSTRALIA Economic calender

Home loans (APR) slashed by -3.0%

National Australia Bank's Business Conditions (MAY) -4

UK economic calender

Industrial production up 0.2%(MoM)may

Industrial production up 0.2%(YoY)apr

Manufacturing production up 0.1% (MoM)apr

RPL bonus

The Reliance Power Ltd (RPL) board had fixed June 3 to June 5 as the book closure date for the bonus issue.

This means that those shareholders who had bought the shares before the markets closed on or before June 2, 2008 would be eligible to receive the bonus shares. The bonus was issued in ratio 3:5

Suzlon order deffered

Suzlon's largest client in the US, Edison Mission Energy, has cancelled an order for 150 turbines. After this cancellation, Suzlon's order backlog has been reduced by 315 MW capacity of wind turbines.

india news

Rane Engine wins Volkswagen Group Award for 2008

Aurobindo Pharma gets USFDA nod for Zaleplon Capsules

JSW Steel posts 19% rise in steel production in May `08

RPG Life Sciences got re-listed at Rs 49 today at the Bombay Stock Exchange

Kirloskar Oil Engines announced that the members of the company approved the sale of the valves division of the company situated at MIDC, Nashik, and MIDC, Ahmednagar (the export oriented unit) to Eaton industrial Systems.

Vijaya Bank to waive Rs 3.13 bn farm loans

REC to launch PE fund

Aditya Birla Group to acquire Apollo Sindhoori

Reliance MF increases stake in Piramal Life 5%

Rashtriya Chemicals & Fertilizers (RCF) is planning to enter into logistics related businesses

Indian Bank to open 100 more branches

Renold Plc is in talks with LG Balakrishnan & Bros (LGB) for acquiring 75% stake in its industrial chain business

Idea Cellular will acquire BK Modi`s 40.8% stake in Spice Communications for around Rs 22 billion

Indiabulls Power signs MoU with Jharkhand govt.

Sejal Architectural Glass IPO subscribes 32.84% on day one

First Winner Industries IPO subscribe 2% on day one

Lotus Eye Care IPO opens on June 12

Harrisons Malayalam cancels the proposed sale of Kallyar estate

world ecnomy

UK retail sales post surprise rise in May as weather

Japan Apr Core Machinery Orders Up 5.5% On Month

Australia Total Job Ads Fell 1.7% In May Vs Apr

Australian Apr Housing Finance Falls 3.0% Vs Mar

Australia's April housing finance down 3.0 pct vs 1.9 pct consensus fall

Australia's May NAB (National Australia Bank Ltd )business confidence index up 4 points from April

USA jobs

Employers in the U.S. plan to hire fewer workers in the third quarter as confidence in the economic outlook weakened

U.S. slowdown to be long, but no recession

Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released

world economy

French April industrial output up 1.4 pct from March

Czech Final 1Q GDP +5.3%YY

Asia oil experts tip $150 crude in short-term

German May WPI up 1.4 pct from April, up 8.1 pct year-on-year

India May Local Car Sales 110,743 Units Vs 96,923 Yr Earlier

Monster Index Shows Europe Labor Demand Edged Higher In May the index was up 16%

Australian May job advertisements post biggest decline in 8 years