August Retail Sales ex-autos -0.7% vs -0.2% consensus
August PPI y/y +9.6% vs 10.2% consensus
August Retail Sales -0.3% vs +0.2% consensus
August PPI m/m -0.9% vs. -0.5% consensus
August core PPI m/m 0.2% vs. 0.2% consensus
August Core PPI y/y +3.6% vs +3.7% consensus
Friday, September 12, 2008
India`s Eicher Motors and joint venture (JV) partner, Swedish truck-maker Volvo, are planning to launch two new heavy-duty commercial vehicles in couple of years,
Taj Hotels Resorts and Palaces, owned by Indian Hotels Company (IHCL) has launched a new brand, `The Gateway Hotel`,
Oslo-based Rocksource will pick up a 10% equity stake in ONGC`s deepwater block in the Cauvery basin,
GMR Energy, unit of GMR Infrastructure, is likely to invest over Rs 100 billion in setting up a 2,000-3,000 mw nuclear power plant in the country in the next 5-7 years,
Mahanagar Telephone Nigam (MTNL) will test launch the first ever 3G mobile services by end of September, 2008
Infosys Technologies on Thursday announced the renewal of the group life insurance policy, covering 97,000 employees, with Life Insurance Corporation of India (LIC), sum assured is over Rs 240 billion.
Taj Hotels Resorts and Palaces, owned by Indian Hotels Company (IHCL) has launched a new brand, `The Gateway Hotel`,
Oslo-based Rocksource will pick up a 10% equity stake in ONGC`s deepwater block in the Cauvery basin,
GMR Energy, unit of GMR Infrastructure, is likely to invest over Rs 100 billion in setting up a 2,000-3,000 mw nuclear power plant in the country in the next 5-7 years,
Mahanagar Telephone Nigam (MTNL) will test launch the first ever 3G mobile services by end of September, 2008
Infosys Technologies on Thursday announced the renewal of the group life insurance policy, covering 97,000 employees, with Life Insurance Corporation of India (LIC), sum assured is over Rs 240 billion.
Indian railways plans to increase it`s stainless steel consumption to 20 million tons a year and get new coaches and wagons. The investment for the same is estimated to be Rs 20 billion.
The public sector oil company Hindustan Petroleum Corporation (HPCL) has entered into the ethanol business by tying up with Shree Renuka Sugars to set up an integrated sugar mill inMaharashtra
Wipro Infotech, the peripherals manufacturing arm of Wipro has opened its second manufacturing unit at Kotdwar in Uttarakhand
Raj Television Network has clarified that the company wants to be seen as a complete media house in the long term and for the same it wants to enter into media business.
Union Bank of India (UBI), announced on Friday, September 12, that it has tied up with Edelweiss Securities, a part of Edelweiss Group to launch Wealth Management Services to cater its High Net worth Individuals (HNI) in Mumbai.
The public sector oil company Hindustan Petroleum Corporation (HPCL) has entered into the ethanol business by tying up with Shree Renuka Sugars to set up an integrated sugar mill in
Raj Television Network has clarified that the company wants to be seen as a complete media house in the long term and for the same it wants to enter into media business.
Union Bank of India (UBI), announced on Friday, September 12, that it has tied up with Edelweiss Securities, a part of Edelweiss Group to launch Wealth Management Services to cater its High Net worth Individuals (HNI) in Mumbai.
Indian Govt rules out regulating steel prices
Indian government today said domestic steel prices should come down following the softening global trend. "We do not fix steel prices, and do not favor any price mechanism for the same." Steel Secretary P K Rastogi said that domestic steel prices should further come down on the falling global trend. However, he said fiscal measures were taken few months back when export duties were levied on steel products to increase its availability in the domestic market. He also said miners have agreed for a long-term contract for supplying iron ore to steel companies but the talks between the two parties have not concluded yet.
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