31 December 2010

Corporate, Economic and Political News:: Angel Broking, Dec 31, 2010

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Economic and Political News
􀂄 Government will compensate oil companies for fuel subsidy burden at cost
􀂄 Government advances ONGC and IOC FPOs to March 2011 and FY2012, respectively
􀂄 Food inflation touched a 10-week high of 14.4% for the week ended December 18
􀂄 Cabinet approves `1,200cr infusion into Air India
􀂄 November infrastructure output up 2.3%

Corporate News
􀂄 ONGC hires deepwater rig from Vantage for US $1.1bn for five years
􀂄 Suven Life Sciences receives two product patents for its new chemical entities
􀂄 HCL Info buys 20% stake in Dubai's Techmart Telecom
􀂄 Lanco Infratech bags two-laning of Aligarh to Kanpur section of NH 91
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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