Angel Broking, News & event update - Feb 16, 2011

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Economic and Political News
􀂄 Government to bear up to 50% state-run oil firms’ subsidy burden
􀂄 Oil PSUs hike jet fuel prices by over 4%
􀂄 Plan Panel approves `24,000cr annual outlay for Bihar

Corporate News
􀂄 Unitech to launch 10mn sq. ft. area at `2,000cr
􀂄 PFC to raise `5,300cr via infra bond issue
􀂄 Jindal Steel gets conditional nod for Orissa plant

Source: Economic Times, Business Standard, Business Line, Financial Express, Mint


Events for the day
Aventis Pharma Results
Hexaware Tech Results