16-Jun-08
Headlines for the day
Corporate News Headline
SAIL
would be investing Rs. 1 bn in its fourth steel processing unit at
Bandaka Industrial Area in the Ujjain district of Madhya Pradesh. (BS)
Power
Grid Corp would seek fresh loan of USD 600 mn from the World Bank and
the ADB to fund its mega transmission projects. (ET)
3i
Infotech acquired the US-based Regulus Group, an independent remittance
and document processing services provider, for USD 100 mn. (BS)
Economic and Political Headline
The
WPI-based inflation for the week ended May 31 rose to 8.75% as compared
to 8.24% for the previous week due to an increase in the prices of
primary articles and manufactured products. (BS)
The
Finance Minister P Chidambaram has approved 13 FDI proposals worth Rs.
15.24 bn based on recommendations of the Foreign Investment Promotion
Board. (BS)
The US consumer prices rose 0.6% in May due to a soaring energy prices and a big jump in airline fares. (WSJ)
Headlines for the day
Corporate News Headline SAILwould be investing Rs. 1 bn in its fourth steel processing unit at
Bandaka Industrial Area in the Ujjain district of Madhya Pradesh. (BS)
PowerGrid Corp would seek fresh loan of USD 600 mn from the World Bank and
the ADB to fund its mega transmission projects. (ET)
3iInfotech acquired the US-based Regulus Group, an independent remittance
and document processing services provider, for USD 100 mn. (BS)
Economic and Political Headline TheWPI-based inflation for the week ended May 31 rose to 8.75% as compared
to 8.24% for the previous week due to an increase in the prices of
primary articles and manufactured products. (BS)
TheFinance Minister P Chidambaram has approved 13 FDI proposals worth Rs.
15.24 bn based on recommendations of the Foreign Investment Promotion
Board. (BS)
The US consumer prices rose 0.6% in May due to a soaring energy prices and a big jump in airline fares. (WSJ)
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