USA ECONOMIC DATA

U.S. July real trade deficit widens 2.7% from 7-year low

U.S. July volume of imported petroleum highest in 4 years

U.S. July imports rise 3.9% to record $230.3 billion

U.S. weekly initial jobless claims down 6,000 to 445,000

U.S. 4-week avg. jobless claims up 250 to 440,000

U.S. continuing jobless claims up 122,000 to 3.53 mln

U.S. 4-week avg. continuing claims up 36,750 to 3.43 mln

U.S. July trade deficit $62.2 billion vs. $58.8 billion June

U.S. July trade gap bigger than $58.6 billion expected

L&FS is likely to pick 50% stake in NTPC-BHEL power projects and would be the strategic partner in the joint venture company.

Hindustan Petroleum Corporation (HPCL) and Shree Renuka Sugars have signed a Memorandum of Understanding (MoU) for the formation of a Joint Venture (JV) company.

Parsvnath Developers (PDL), India`s leading real estate developer with pan India presence having a diversified portfolio has announced the launch of Parsvnath City Centre, a commercial project at Sonepat.

Global Holdings Company (GHC), the holding company of telecom firms GTL and GTL Infrastructure, is in talks to take over Indmar Aviation Services Company,

Suzlon Energy has announced that Suzlon Energy A/S, Denmark, the wholly owned subsidiary of the company secured a major contract with Martifer for the delivery of 29 S88-2.1 mw turbines, totaling a capacity of 60.9 mw, to projects in Romania.


Tata Consultancy Services (TCS), a leading global IT services, business solutions and outsourcing firm, today announced its partnership with Saab for the establishment of Saab`s Aeronautical Design and Development Center (ADDC) in India. Saab serves the global market with world-leading products, services and solutions ranging from military defense to civil security.

Andhra Cement announced that the company has undertaken a major expansion-cum-modernization programme at both the units involving a capital expenditure of Rs 4.02 billion.

Bharti Airtel is expecting to start its operations in Sri Lanka within this calendar year, despite the delay in getting interconnection from the local operators there,

Era Infra Engineering has secured a contract for construction of Head of Department Building at Capitol Complex, Naya Raipur, Chhattisgarh by Naya Raipur Development Authority (NADA) worth Rs 2.09 billion approximately.

Cairn India inks pact with Sri Lankan investment board

Natural Capsules has entered into a supply contract with Pharmaphil Division of Qualicaps Inc., Ontario, Canada, to purchase hard capsule manufacturing equipment to be used at the company`s plant at Pondicherry.

Omaxe has started construction of a 336-acre township at Patiala in association with Patiala Development Authority (PDA), which could entail an investment of Rs 8 million,

Alok Industries, one of the leading integrated textile companies in India, entered into a Memorandum of Understanding (MoU) with Zameen Organic (P), for developing and promoting organic fair trade cotton.