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09 December 2010

Corporate, Economic and Political News -Angel Broking, Dec 09, 2010

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Economic and Political News
�� November exports up 26.8%
�� Profit-sharing impractical, let mining payout be 26% of royalty: Plan Panel
�� Finance Ministry may not accept Jalan Panel suggestions
�� FCI storage capacity declines 9% in seven years

Corporate News
�� NTPC earmarks `1.5 lakh crore investment for power projects
�� Tata Motors launches Winger Platinum
�� Hero plans to buy Honda’s stake at discount, sell it to PE firms
�� HCL Tech bags contract from Brazil retail store
�� Novelis to raise US $4bn to refinance Hindalco debt
�� Punjab & Sind Bank sets IPO price band at `113–120
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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