Corporate News Headline
Bharti Airtel ended takeover talks with South Africa´s MTN Group after differences surfaced over control of the combined entity. (BS)
IDBI Bank is planning to more acquisition to scale up its pan-India presence while its organic growth plans include the setting up of 200 new branches. (BS)
Reliance Communications is planning to start discussions for a possible tie up with the South African telecom entity, MTN Group. (ET)
Economic and Political Headline
The WPI based inflation for the week ended May 10, 2008 stood at 7.82% as compared to 7.83% for the previous week. (BS)
India´s government would waive Rs. 716.8 bn of agricultural loans, more than earlier announced, to help farmers pare debt. (Bloomberg)
The UK GDP rose 0.4% in March after the higher credit costs hurt construction and business services slowed. (Bloomberg)
Monday, May 26, 2008
Headlines for the day 26-May-08
Posted by Sachin Shahane at 9:28 AM
Labels: Heard On The Street
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