28-May-08
Corporate News Headline
Tata Steel received mineral concession approvals from the Ministry of Mines for two large mines. (ET)
Reliance Communications and South Africa´s MTN Group agreed in principle to a reverse takeover. (WSJ)
Tata Communications signed a MoU with Emirates Telecommunications Corp to provide enterprise grade network services in the UAE. (ET)
Economic and Political Headline
The government is considering options like revising import duties on petroleum products, imposing cess on income tax, as well as additional oil bonds to compensate for losses suffered by oil marketing companies. (BS)
The government partly relaxed the ban on cement exports, which was imposed on April 11 this year to improve the availability of the commodity in the country. (BS)
In the first quarter, the US home prices across the country fell 14% from a year earlier as the subprime-loan meltdown weighs on the sector. (WSJ)
Wednesday, May 28, 2008
Headlines for the day - 28-May-08
Posted by Sachin Shahane at 9:49 AM
Labels: Heard On The Street
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