The wholesale price index, crossed 12% mark to touch 12.44% for the week ended Aug. 2, 2008,

Selan Exploration Technology, on August 05, has been granted the mining lease by Energy and Petrochemicals Department (EPD), Gujarat

USA economic calander

Consumer Price Index (MoM) (Jul) 0.8% vs 0.4%


Consumer Price Index Ex Food & Energy (MoM) (Jul) 0.3% vs 0.2%


Continuing Jobless Claims (Aug 2) 3417K vs 3311


Initial Jobless Claims (Aug 9) 450K vs 455K

UK and EUROPEAN UNION ECONOMIC CALANDER

United Kingdom Average Earnings excluding Bonus (3Mo/Yr) (Jun) Moderate volatility expected 3.7% vs 3.7%


United Kingdom Average Earnings including Bonus (3Mo/Yr) (Jun) Low volatility expected 3.4% vs 3.6%


United Kingdom Claimant Count Rate (Jul) Moderate volatility expected 2.7% vs 2.6%

United Kingdom ILO Unemployment Rate (Jun) Moderate volatility expected 5.4% vs 5.3%


United Kingdom Jobless Claims Change (Jul) Low volatility expected 20.1 vs 17.0K


European Monetary Union Industrial Production s.a. (MoM) (Jun) Low volatility expected 0.0% vs 0.1%


European Monetary Union Industrial Production w.d.a. (YoY) (Jun) Low volatility expected -0.5% vs 0.2%

USA economic calander on AUG 13 2008

United States MBA Mortgage Applications (Aug 8) -1.5% vs 2.8%

Import Price Index (MoM) (Jul) Moderate volatility expected 1.7% vs 1.0%

Import Price Index (YoY) (Jul) Moderate volatility expected 21.6% vs 20.9%

Retail Sales (MoM) (Jul) Moderate volatility expected -0.1% vs 0.1%


Retail Sales ex Autos (MoM) (Jul) High volatility expected 0.4% vs 0.5%

Business Inventories (Jun) Low volatility expected 0.7% vs 0.5%

EIA Crude Oil Stocks change (Aug 9) Low volatility expected -0.4M vs 1.7M

Reliance Industries (RIL) has entered into a 50-50 joint venture (JV) with US-based real estate investment trust Vornado to collectively invest USD 500 million in a shopping mall

The Shipping Corporation of India (SCI) has decided to invest over Rs 12 billion in its offshore activities by the end of the year,

GMR Infrastructure announced that GMR Hyderabad International Airport (GHIAL) and Delhi International Airport (DIAL), subsidiaries of the company, have signed memoranda of understanding (MoU) with Deccan Cargo & Express Logistics (Deccan Express) for developing modern express cargo hubs in Hyderabad and Delhi.


Jindal Steel and Power (JSPL) plans to commission steel plant in Angul district of Orissa by October 2010 having a capacity of 6 million tons per annum (MTPA),


Amtek Auto today announced that the company has signed a Joint Venture (JV) agreement with FormTech Industries based in Royal Oak, Michigan, to set up a state- of-the-art manufacturing facility for manufacturing Hatehur Hot Forgings for automotive applications in India and Europe. Amtek and FormTech will hold 51% and 49% stake respectively. The new JV facility is scheduled to be fully operational in about 12 to 18 months.


Salzer Electronics will be held on Aug. 29, 2008, to consider the recommendation of the sub-committee of the board on the merger of Salzer Cables with Salzer Electronics.

Puravankara Projects announced that taking a big leap into affordable premium housing and targeting the middle classes including the first time home buyer, the company has launched a 100% owned subsidiary called Provident Housing and Infrastructure.

Vishal Information Technologies today announced that the company has launched the POD (print on demand) publishing vertical.

iPower Solutions India has entered into a agreement with the promoter of Effulgent Technologies, Chennai to purchase the ERP Business of that company for implementing Ramco systems ERP products.

The company has developed a social networking portal called www.vanavil.com with music, radio, jobs, matrimonial, education etc as features.

As per the senior finance ministry official, the government will provide first tranche of Rs 250 billion to banks by the Sep. 30, 2008 for Rs 710 billion debt waiver and relief schemes implemented by them for more than 35 million farmers.

Bangalore-based BPL and Japanese company, Sanyo, the equal joint venture (JV) partners in Sanyo BPL India, are likely to call off the JV by the year-end after failing to establish themselves in the Indian colour television (CTV) market for four years,

State Bank of India (SBI) has announced that Ministry of Finance, government of India (GOI) has passed an order dated Aug. 13, 2008 to acquire State Bank of Saurashtra.

National Thermal Power Corporation (NTPC) has successfully synchronized a 500 mw unit of Sipat super thermal power project-stage II located in Chattisgarh on August 13, 2008.

Hindalco Industries, expects to raise USD 1.2 billion via rights offering by issuing more shares after a stock market fall soured pricing,

Jaiprakash (JP) Associates signed four memorandum of understandings (MoUs) with Madhya Pradesh Government to invest Rs 130 billion for setting up two cement manufacturing units, an aluminium production factory and a power plant for generating powe

Supply gas or pay USD 17 bn: RNRL to RIL

ADAG`s gas-based energy undertaking, Reliance Natural Resources` (RNRL) counsel Mukul Rohatgi said while arguing his case at the Bombay High Court on Tuesday that Reliance Industries (RIL) is liable to pay USD 17 billion in cash if the later fails to fulfill its commitment to supply gas to RNRL,