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03 January 2011

Corporate , Economic and Political News-Angel Broking, 3, Jan 2011

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Economic and Political News
􀂄 Infrastructure debt funds to roll out soon
􀂄 PMEAC raises inflation forecast for FY2011 to 6%
􀂄 Government plans to exempt factoring services from stamp duty, to introduce bill soon
􀂄 No plan to impose duty on power equipment imports
􀂄 India to add 45,000MW during 12th Plan

Corporate News
􀂄 SBI plans units in South Korea, Sao Paulo
􀂄 NTPC to set up 4,000MW power project in Vizag
􀂄 Tata Steel, Nippon to ink `2,400cr by January end
􀂄 Hero Honda sells 5lakh units in December 2010
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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