17 October 2011

Economic and Political News 􀂄 Angel Broking,

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Economic and Political News
􀂄 11 states to raise `7,585cr cumulatively on Tuesday
􀂄 States to impose VAT on textiles and sugar at floor rate of 4–5% from next year
􀂄 Coal Ministry steps up coal supply to power companies
Corporate News
􀂄 Jet fuel prices cut marginally by `325/kl
􀂄 Jindal Steel and Power Ltd.'s 2mtpa steel plant to go on stream in June next year
􀂄 Arcelor Mittal puts 12mtpa Orissa steel plant on backburner
􀂄 IDBI Bank plans retail expansion to add ~200 branches in the next 12 months
􀂄 NIIT sells Element K to SkillSoft for US$110mn
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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