Headlines for the day
2-June-08
Corporate News Headline
Essar Oil is planning to raise fresh debt of upto USD 5 bn through ECBs and rupee loans to fund its USD 6 bn capacity expansion programme. (ET)
L&T is planning to invest Rs. 25 bn during the current financial year to augment capacities at its growth centres. (BS)
Glenmark Pharmaceuticals received the approval from the USFDA for its diabetes drug metformin hydrochloride tablets. (ET)
Economic and Political Headline
The Inflation rose to a 45-month high of 8.1% for the week ended May 17 on account of rising prices of fruits and vegetables, pulses, spices, and some industrial fuels. (BS)
Buoyancy in agriculture has pushed the economic growth to 9%, up from 8.7% estimated earlier, even as the performance of manufacturing sector deteriorated. (BS)
The US Consumer spending, which hold 70% of the country’s GDP, increased at a seasonally adjusted rate of 0.2% in April. (WSJ)
Monday, June 2, 2008
News 2-Jun-08
Posted by Sachin Shahane at 9:37 AM
Labels: Heard On The Street
Subscribe to:
Post Comments (Atom)
DISCLAIMER
DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.
Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.
0 comments:
Post a Comment