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06 January 2011

Corporate, Economic and Political News: Angel Broking, January 6, 2011

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Economic and Political News
􀂄 With inflation in mind, urea price call deferred to February 2011
􀂄 Government to issue 3G guidelines soon
􀂄 Government planning to establish `1,000cr fund for fertiliser PSUs’ foreign buys
􀂄 FM ups revenue target by `20,000cr on strong direct tax kitty
􀂄 Diesel rate hike put off to check prices

Corporate News
􀂄 RIL abandons exploratory well in K-G basin
􀂄 Axis Bank forays into retail broking business
􀂄 Merck ends research pact with Ranbaxy
􀂄 Brazil’s PSU Farmanguinhos to buy Lupin TB drug
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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