Corporate News Headline
Reliance Power and GMR Infrastructure are planning to bid for PowerSeraya and Senoko Power, which account for more than 60% of the power produced in Singapore. (BS)
BHEL won a contract worth Rs. 11.5 bn for setting up energy efficient and environment-friendly captive power plant with 153 MW capacities at Bhatinda in Punjab. (BS)
TCS bagged a USD100 mn five-year contract with NXP Semiconductors. (ET)
Economic and Political Headline
The RBI governor Y V Reddy expressed that India´s fiscal deficit continues to be among the highest in the world and underlying pressures are not entirely reflected in headline fiscal numbers. (BS)
Despite a significant slowdown in capital inflows and the rupee weakening 8% since January, the government is unlikely to relax restrictions on domestic companies borrowing overseas in the near term. (BS)
The US Federal Reserve and government have taken steps to calm financial markets and to ease the housing crisis. (Bloomberg)
Tuesday, May 27, 2008
Headlines for the day 27-May-08
Posted by Sachin Shahane at 8:23 AM
Labels: Heard On The Street
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