MARKET NEWS
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DAILY MARKET NEWS HIGHLIGHTS OCTOBER 6, 2009
Rcom launches 50p/min rate for all telecom services.
Bajaj Auto plans to set up an assembly plant in a free trade zone in Manaus in Brazil in FY11.
TechM wins US$50m deal with Etisalat DB, the Indian arm of Emirates Telecom for rolling out GSM services in Bahrain
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DAILY MARKET NEWS HIGHLIGHTS OCTOBER 5, 2009
• Asian stocks fell for a third day, led by technology and mining companies, after economist Nouriel Roubini said share prices may drop and a report showed the
• The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and “penetrate” the 10% barrier, former Federal Reserve Chairman Alan Greenspan said Sunday. (Source: CNNMoney)
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DAILY MARKET NEWS HIGHLIGHTS OCTOBER 4, 2009
Cautiousness, uncertainty to prevail in markets this week
U.K. Treasury Seeks to Extend G-20 Bonus Curbs to More Banks
Roubini Says Stocks Have Risen ‘Too Much, Too Soon, Too Fast’ -
DAILY MARKET NEWS OCTOBER 3, 2009
Gold recovers on higher global cues, silver declines further. High borrowings may weigh heavy on real estate cos. Parsvnath Developers raises Rs 168 cr via QIP. Growth in US, local market to pep up DRL.
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DAILY MARKET NEWS OCTOBER 2, 2009
European mkts hit 4-week closing low
World markets sink on weak US jobs data
World Bank chief sees ‘highly uncertain’ 2010
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DAILY MARKET NEWS HIGHLIGHTS OCTOBER 1, 2009
Bharti, MTN disconnect a second time
Dr Reddy’s recalls 4 products from US
Glenmark Generics’ IPO to raise up to Rs 600 cr
Two more realty firms join IPO race -
Daily Market News Highlight Sep 30, 2009
The government has threatened to cancel the coal block allotted jointly to ArcelorMittal and GVK Power in Jharkhand for their inordinate delay in developing the property. Bharati Shipyard is considering a Rs2bn capital expenditure over the next two years. The government has threatened to cancel the coal block allotted jointly to ArcelorMittal and GVK Power in Jharkhand for their inordinate delay in developing the property.Bharati Shipyard is considering a Rs2bn capital expenditure over the next two years.
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Daily Market News Highlight Sep 29, 2009
ONGC has zeroed in on a location in Assam and has submitted a proposal to Uranium Corporation of India Ltd (UCIL) for jointly exploring the resource. Suzlon has kicked off discussions with lenders to review its financing options which could lead to the refinancing of its domestic and foreign loans.
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Daily Market News Highlight Sep 25 2009
Reliance Industries threatens to stop gas supply to Reliance Infra on payment defaults. (ET)
Reliance Industries has signed natural gas sales pact with NTPC. (BS)
Reliance Infratel, an arm of Reliance Communication to sell 10% stake through IPO. (ET)
South Africa government officials met representative from market regulators and the finance ministry on a proposal to permit dual [...] -
Daily Market News Highlight Sep 24 2009
Infosys, TCS and Wipro to dole out raises and promotions. (ET)
25 channels of Zee Network will air ads only of brands that belong to HUL’s portfolio of personal and skin care categories. (ET)
Vedanta Resources has hiked Sesa Goa holding by 2.1% through open market purchases. (BL)
TCS bags Rs1.4bn Andhra Pradesh government SWAN project. (ET)
ONGC’s new [...] -
Daily Market News Highlight Sep 23 2009
ONGC to speed up exploration in western offshore, looks to hire an ultra deep-sea drill rig at a daily cost of ~Rs50mn. (BS)
Planning Commission study says ONGC and OIL gas prices are too low and they should be aligned to US$4.2/mmBtu. (BS)
Tata Steel Kalinganagar plant to start work on its 6mn ton greenfield steel project. [...] -
Daily Market News Highlight Sep 22 2009
Hindalco Industries has drawn up an Rs160bn capex plan for the next two years. (ET)
The cash-and-share swap deal between Bharti Airtel and MTN is ready to be signed. (BS)
M&M launches two scooters aimed at the rural market. (BS)
NTPC is exploring tie-ups with oil PSUs to jointly bid for the oil and gas blocks put on [...] -
Daily Market News Highlight Sep 18 2009
Reliance Industries-owned Petroleum Trust gained Rs31.9bn through the sale of 15mn treasury shares of RIL at Rs2,125. (BL)
Gas allocation for Ratnagiri Gas & Power Pvt Ltd’s from Reliance Industries KG-D6 block has been more than doubled to 5.67mmscmd. (BL)
Thermax has bagged an order for the turnkey project worth Rs10bn for supply of a 270 MW [...] -
Daily Market News Highlight Sep 17 2009
The Government is expected to bring out a revised Wholesale price Index (WPI) by December (BL)
The Indian Shipowners’ association that represent 36Indian shipping companies, has estimated Rs550bn towards replacement of aging ships in India (BL)
Power Minister is believed to have instructed state-run NTPC to sign a gas supply deal (BS)
States have finally reached a consensus [...] -
Daily Market News Highlight Sep 16 2009
IOC, BPCL and HPCL picked up governments 10% stake in Oil India for ~Rs22bn. (ET) Finance Minister indicated India’s support for the proposed alliance between Bharti Airtel and MTN. (ET) NTPC is exploring opportunities for acquisition of coal blocks or coal mines in South Africa, Indonesia, Mozambique and Australia
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Daily Market News Highlight Sep 15 2009
The fertilizer ministry has laid claim to another 43.37mmscmd of RIL’s D6 gas to enable conversion of all existing non-gas based fertiliser unit to gas, revival of closed units and expansion of existing projects. (BS)
The Fertiliser Ministry has asked for a uniform price for natural gas delivered to urea plants across the country. (BL)
Jindal Power [...]
