04 July 2011

4 July: Economic and Political News 􀂄 Corporate News 􀂄Angel Broking,

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Economic and Political News
􀂄 Trade deficit widens to US$15bn in May 2011
􀂄 India's forex reserves drop by US$1.54bn
􀂄 Exports up 57% to US$25bn in May
􀂄 Power tariff may rise by 40 paise per unit
􀂄 Housing prices in eight cities dip by 15% during January–March

Corporate News
􀂄 Wockhardt receives USFDA approval for generic eye drops
􀂄 TCS eyes higher market share in Latin America, Middle East
􀂄 NTPC closes one Kaniha unit
􀂄 Strides Arcolab gets approval for facility, anti-bacterial injection
􀂄 NTC loses land to Lodhas as Indiabulls withdraws case
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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