04 March 2011

Angel Broking, News Update: March 4, 2011

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Economic and Political News
􀂄 Food inflation eases to 10.39% from 11.4%
􀂄 Few banks may fall short of meeting Basel III: RBI
􀂄 Railways raises freight rates on iron ore exports by `100/tonne to `1,600
􀂄 Government may free diesel prices if crude touches US $150/barrel

Corporate News
􀂄 ONGC FPO set to open on April 5
􀂄 Bharti Airtel launches 3G service in Delhi
􀂄 Valecha Engineering bags project worth `104cr
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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