08 December 2010

Corporate, Economic and Political News-Angel Broking, Dec 08, 2010

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Economic and Political News
􀂄 FM sees GDP growth at 9%; inflation rate at 6% by March
􀂄 April-November direct tax collections up 17.9%
􀂄 TRAI to float paper on value-added services
􀂄 Auto fuels set to cost `2/litre more as crude hits US $90

Corporate News
􀂄 ONGC plans special dividend, bonus ahead of FPO
􀂄 Welspun Corp. bags `1,670cr orders
􀂄 Bombay HC stays order on Lavasa, calls it drastic
􀂄 Jet Airways, Air India strike US $5bn deal for 35 Airbus aircraft
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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