11 March 2011

News- 11.03.11 -Angel Broking

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Economic and Political News
„ Bank credit offtake up 23.3%, deposits up over 16%: RBI
„ India's exports up by 50% to US $23.6bn in February
„ ADB extends US $300mn loan to Madhya Pradesh for road upgradation
„ Garment makers to go on two-day strike next week
„ Exports may touch US $235bn in FY2011: Commerce Secretary

Corporate News
„ ONGC FPO deferred till second half of 2011
„ M&M’s bike Stallio’s production drops 81% in three months
„ NTPC plans JVs to build US $3.5bn power plants in Bangladesh and Sri Lanka
„ Essar Group to acquire majority stake in Zimbabwe Iron and Steel Company (Zisco)
„ Canara Bank raises `2,000cr in share sale

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