19-June-08
News
Headlines for the day
Corporate News Headline
Tata Communications acquired 50% stake in China Enterprise Communications for an undisclosed amount. (ET)
Sintex Industries acquired Digvijay Communication and Networks through its 74% subsidiary Zeppelin Mobile Systems India in the form of a slump sale deal amounting to Rs. 540 mn. (BS)
Exide Industries acquired 51% in a lead smelter company, Leadage Alloys India Ltd for Rs. 350 mn. (ET)
Economic and Political Headline
The six core infrastructure industries register a growth of 3.6% in April 2008, compared to 5.9% in a year-ago period. (ET)
As inflation has touched 8.75%, the Finance Minister announced that the rate of price rise is high, prompting RBI to tighten money supply. (BS)
Japan and China agreed to jointly develop a disputed natural gas field and cooperate in exploration in the East China Sea. (WSJ)
Thursday, June 19, 2008
19-June News
Posted by Sachin Shahane at 11:27 AM
Labels: Heard On The Street
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