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Economics
Food inflation fell to 10.15% for the week ended November 13 compared to
10.3% previous week. - Media
Politics
JD(U)-BJP combine led by Bihar Chief Minister Nitish Kumar successfully
contested assembly elections to retain power by winning 206 assembly seats
in the 243 member assembly. – Media
State finance ministers are scheduled to meet on December 6 to break their
deadlock with the Centre on the proposed Goods and Services Tax (GST) to
reduce multiplicity of taxes. - Media
Corporate
Larsen & Toubro is bidding for an Oman refinery expansion contract
estimated at $300 million. -Media
Coal India will invest around Rs25bn to set up 20 new coal washeries with a
combined capacity of 111.10 million tonnes to unlock the value of its sizeable
but poor quality reserves in the country.- Media
The board of Kingfisher Airlines approved converting lenders’ debt of up to
Rs 13.5bn & the promoters’ debt of Rs6.5bn into share capital. - Media
REpower Systems AG, a unit of Suzlon Energy Ltd has signed a contract
with Belgium's C-Power for supply of 48 wind energy turbines.-Media
L & T’s has secured orders aggregating Rs10.3bn for the construction of
commercial and residential buildings including metro depot facilities and add
on orders from various ongonig projects. - Media
GMR Infra has bagged a project to modernise, expand and operate Republic
of Maldives's capital Male's International Airport. - Media
Sun Pharma has gotten the USFDA approval to market a generic version of
'Cymbalta' used for treatment of anxiety and depression, in America.–Media
SBI has successfully raised 750 million Euros worth of debt through the
issuance of bonds under its Medium-Term Note programme.-Media
Indian airline passenger traffic came at 4.62 mn passengers for the Oct'2010
showing a ~16% YoY despite the higher base of the previous year. – Media
Pune's Lavasa Lake City has run into rough weather with the Environment
Ministry slapping a showcause notice on Lavasa Corporation for carrying out
construction activities without its approval in 25,000 hectares. -Media
Mahindra & Mahindra has agreed to acquire 5.5 per cent of IT firm Tech
Mahindra's stake from UK-based British Tele. – Media
The Power Ministry is believed to have sent a cabinet note to the department
of disinvestment on its 15% FPO in Power Finance Corporation next year.
Source: Collated from Bloomberg and following news papers - Economic Times, Live Mint,
Business Standard & Financial Express dated Nov 22 - 26, 2010.
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