12-Jun-08
Headlines for the day
Corporate News Headline
Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET)
BHEL
placed the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS)
Economic and Political Headline
The
RBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
The
Centre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
Headlines for the day
Corporate News Headline Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET) BHELplaced the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS) Economic and Political Headline TheRBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
TheCentre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
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