22 June 2011

June: 22 -- Angel Broking, Economic and Political News

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Economic and Political News
􀂄 Fitch retains India's long-term sovereign rating at ‘BBB’ with stable outlook
􀂄 Finance Ministry resumes tax treaty talks with Mauritius
􀂄 FDI dips by 9% to US$6.51bn between January–April 2011
􀂄 Orissa government halts land acquisition for US$12bn Posco plant
􀂄 Monsoon expected to be just below normal this year: IMD
Corporate News
􀂄 ONGC plans to invest US$7.7bn in an east coast block
􀂄 Siemens wins `443cr orders for substation from Power Grid and Indiabulls
􀂄 Lanco Infra bags `365cr order in Iraq
􀂄 Punjab & Sind Bank raises `300cr from bonds
􀂄 Wockhardt gets US FDA nod for anti-bacterial tablets
􀂄 Strides Arcolabs gets US FDA nod for antibiotic injection
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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