US eco data

U.S. weekly initial jobless claims rise 25,000 to 384,000

Initial Jobless Claims 384K vs 370K consensus; prior revised to 359K from 357K

May Retail Sales +1.0% vs +0.5% consensus, prior revised to +0.4% from -0.2%

May Retail Sales ex-auto +1.2% vs +0.7% consensus, prior revised to +1.0% from +0.5%

May Import Prices m/m +2.3% vs +2.5% consensus, prior +2.4%

news

Essar Steel Holdings has raised its all-cash offer to buy Esmark by 10% to USD 19 a share ahead of the US-based steel firm

Sejal Architectural Glass IPO subscribed 1.47 times

First Winner IPO subscribed 38% till penultimate day

Arvind Mills cancels JV with Diesel BV

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manufacturing was just 7.5%, as opposed to 12.4% in April 2007

CCCL inks pact with Innotech Construction, Dubai

Goldman Sachs expects another 25 bps hike in repo rate

IFGL Refractories acquires (96.16%) in Germany-based co Hofmann Ceramic

Moser Baer to set up Rs 20-bn unit in Tamil Nadu

OPEC heads to discuss crude prices on June 22

Sanghvi Movers is planning to invest Rs 5 billion over the next two years to acquire high-capacity cranes

Sayaji Hotels on expansion drive

Pantaloon to set up 80 Axiom stores

SpiceJet estimates Rs 1 billion losses

ONGC seeks Rs 30 bn tax exemption

news

JSW Steel inaugrates branded showroom in Ahmedabad

SBI may hike short-term lending rates

Reserve Bank India hiking its short term repo rate by 0.25% to 8%.

Thomas Cook India inks pact with Bajaj Allianz for its distribution network of over 160 retail branches across the country.

PS Group formed a joint-venture (JV) with Sri Lanka Institute of Information Technology (SLIIT) and Infinity Park to develop an IT park in Sri Lanka.

DFID to invest Rs 8,393.75 mn on urban services, healthcare in Bihar

TATA Agrico ties up with TATA BP Solar

news

Govt. slashes complex fertilizer prices The prices of complex fertilizers will come down by Rs 1,416 a ton or Rs 70 per bag,``

IIP advances 7% during Apr`08

SAIL to develop 2 processing units in Madhya Pradesh

Karnataka Bank board approves 1:5 rights basis at a price of Rs 100 a share, which includes premium of Rs 90.

Lotus Eye Care IPO subscribed 25% within 4 hrs

Political unrest in the Darjeeling hills likely to affect the tea industry

HDFC may hike home loan rates by June-end

ABG Shipyard bags order worth Rs 1.27 bn

UK

Home Retail down 9.5%

InBev's $46 billion offer for Anheuser-Busch

The stock market cheered InBev's $46 billion offer for Anheuser-Busch, sending shares of both brewers higher in early action on Thursday

world eco

Australian dollar slumps on surprise job loss in May .A survey found companies cut 19,700 workers from payrolls in May

Shanghai index drops below 3,000

Chinese shares in Shanghai suffered big losses Thursday to pull the benchmark stock index down to less than half its value at the past year's record high. The drop came in spite of economic data, which showed that inflation eased in May, as investors worried the relief was only temporary.