03 December 2010
Corporate, Economic and Political News -Angel Broking, India Research December 3, 2010
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Economic and Political News
Food inflation falls to a 4-month low at 8.6% for the week ended November 20, 2010
India's crude oil imports decline 23% yoy to 10mn tonnes in October 2010
Domestic oil product sales up 1% to 11.65mn tonnes in October 2010
Government to revise upwards the GDP forecast for FY2011: Finance Ministry
Corporate News
Reliance Power to invest `6,000cr in UP plant
SAIL, RITES JV in West Bengal to produce 1,200 rail wagons every year
Opto Circuits acquired 76% stake in Cardiac Science Corporation, USA
NTPC inks pact to raise US $300mn from Bank of Tokyo-Mistubishi UFJ
L&T bags `415cr order from Hindalco and Sepco-I
Ramky Infrastructure to invest `1,000cr across segments over the next three years
IVRCL to raise `250cr via QIP for Hindustan Dorr-Oliver in six months
Godrej acquires liquid detergent brand Genteel and soap brand Swastik Shikakai
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
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