02 December 2010

Corporate, Economic and Political News-Angel Broking, India Research Dec 02, 2010

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Economic and Political News
􀂄 October exports up 21.3% yoy to US $18bn
􀂄 October imports up 6.8% yoy to US $27.68bn
􀂄 Foreign Institutional Investor November inflows at US $4.78bn
􀂄 Oil PSUs to lose `65,000cr on underpriced fuel sales during FY2011: Murli Deora
􀂄 India lacks enough foodgrain stocks for exports: FCI
􀂄 Government releases 17.08lakh tonne of sugar quota for December

Corporate News
􀂄 BHEL bags `2,665cr order from Chattisgarh
􀂄 Pratibha Industries raises `500mn via preferential allotment
􀂄 Central Bank of India to raise `2,500cr via rights issue
􀂄 Strides Arcolab gets US FDA nod for Midazolam Hydrochloride injection
􀂄 Great Offshore wins a contract for deployment of an anchor handling tug supply vessel
􀂄 Tata Motors ties up with United Bank of India for commercial vehicle finance
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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