05 July 2011

July 5, Angel Broking, Economic and Political News �

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Economic and Political News
�� May FDI of US$4.66bn second highest in 11 years
�� Rains forecast not a dampener, Govt. aims 245mt foodgrain output
�� Fitch scales down India’s GDP growth estimate to 7.7%
�� Major PSU banks may raise lending rates soon
�� India M&As halve to US$7.7bn in the first quarter
Corporate News
�� Power crisis awaits South as NTPC to close 2,000MW plant
�� Glenmark settles litigation with Daiichi Sankyo, Genzyme
�� NHPC plans to raise `2,000cr in the current fiscal
�� Pantaloon to sell stake in Future Capital Holdings
�� SREI wants to convert SEZ into industrial park
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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