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10 March 2011

Morning News on 10.3.11- Angel Broking

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Economic and Political News
„ Bank credit offtake up 23.3%, deposits up over 16%: RBI
„ FDI plunges 48% in January 2011; April 2010–January 2011 dip by 25%
„ MNP requests cross 3.8mn in February
„ New CKD norm to hurt new high-end products cost: SIAM
„ Cabinet nod for Cairn-Vedanta deal likely soon
„ Government to amend Indian Posts Act to register courier service companies


Corporate News
„ HCL Infosystems bags IT order from Punjab and Sind Bank
„ Dr Reddy's to issue bonus debentures worth up to `520cr
„ Hanung Toys buys controlling stake in US-based Cody Direct Corp
„ Dazzel Confindive to acquire 40% stake in the Indore-based Horizon Leisure Hotels
„ Camlin Fine Chemicals buys Italy's chemicals firm Borregaard

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