20 December 2010

Corporate, Economic and Political News: Angel Broking, Dec 20, 2010

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Economic and Political News
􀂄 RBI signals lending boost with SLR cut
􀂄 Forex reserves dip US $971mn to US $295bn
􀂄 FDI in October dips 40% to US $1.4bn
􀂄 Auto industry expects slower growth at 18–20%

Corporate News
􀂄 ONGC okays 1:1 bonus, 1:2 stock split and `32 dividend
􀂄 Tata Steel weighs bidding for ailing Ispat Industries
􀂄 Tata Power may commission first unit of Mundra Project by Sept. 2011
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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