Headlines for the day
29-May-08
Corporate News Headline
Reliance Industries and Hindustan Petroleum Corporation have shown their interest in taking over three state-controlled sick sugar factories in Bihar. (ET)
Tata Motors approved a plan to raise up to Rs. 72 bn through three simultaneous rights issues to part-finance its purchase of the Jaguar and Land Rover brands for Rs 92.28 bn. (ET)
M&M has planned to invest Rs. 20 bn into its automotive business. (BS)
Economic and Political Headline
The Finance Ministry denied about new tax proposals to help ease mounting losses at state oil firms due to soaring crude prices were. (ET)
The RBI raised the interest rate ceiling on trade credits used for funding imports with maturity up to one year. (ET)
The Orders for the US durable goods excluding cars and planes unexpectedly rose 2.5% in April, signalling that international customers are helping factories ride out the economic slowdown. (Bloomberg)
Thursday, May 29, 2008
Headlines for the day
Posted by Sachin Shahane at 9:40 AM
Labels: Heard On The Street
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