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29 November 2010

Economic and Political and Corporate News: ANgel Broking: Nov 29th, 2010

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Economic and Political News
􀂄 India's forex reserves drop by US $330mn to US $298bn for the week ending Nov. 19
􀂄 India’s crude oil production up nearly 14% yoy in October to 3.24mn tonnes
􀂄 IFRS norms expected to be out by end of December 2010
􀂄 Finance Minister asks banks to ensure investor money is safe
􀂄 Kerala ports open to private investment of up to `4,000cr

Corporate News
􀂄 Coal India to set up 20 new coal washeries for `2,500cr
􀂄 Shipping Corporation of India sets FPO price band at `135–140
􀂄 Environment Ministry issues notice to HCC’s Lavasa project
􀂄 REpower, a unit of Suzlon Energy, will supply 48 wind turbines to Belgium firm, C-Power
􀂄 Gammon India buys 84.16% stake in Metropolitan Infra Housing
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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