16 September 2011

16 Sept: Economic and Political News 􀂄 Angel Broking,

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Economic and Political News
􀂄 Food inflation for the week ended September 3, 2011, came in at 9.47%
􀂄 India's services exports in July stood at US$10.4bn, down 5.8% mom
􀂄 Cabinet okays 7% hike in government employees basic salary
􀂄 India likely to miss five-year infrastructure investment goal of US$500bn

Corporate News
􀂄 IOC plans to invest US$1.87bn in Gujarat refinery
􀂄 Maruti to shut factories on Friday due to disruption in supply of critical components
􀂄 Tata Steel invests €800mn in Netherlands
􀂄 M&M to divest 8% stake in Mahindra Holidays
􀂄 McNally Bharat bags orders worth `75cr from Bhavnagar Energy Company Ltd.
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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