17 August 2011

17 Aug:: Economic and Political News 􀂄 Angel Broking,

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Economic and Political News
􀂄 Global food prices near three-year highs in July 2011: World Bank
􀂄 August inflation to be close to double digits: Government
􀂄 Good monsoon and RBI policy to ease inflation further: Finance Minister

Corporate News
􀂄 OIL signs MoU with HPCL to jointly pursue business opportunities
􀂄 ONGC to file prospectus for ~`12,000cr FPO by early next month
􀂄 Muthoot Finance to raise `1,000cr via NCD issue
􀂄 UTV seeks CCI approval for merger with Walt Disney
􀂄 NIIT Technologies acquires Spanish firm Proyecta Sistemas de Informacion SA

Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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