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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