Headlines for the day
Corporate News Headline
NTPC signed a power purchase agreement with Gridco for supply of power f0072om its 1,320 MW Barh project-stage-II in Bihar. (BS)
Unitech is planning to dilute 26% stake in its telecom arm to a strategic foreign partner, for which it is in discussion with a few telcos. (ET)
Parsvnath developers received a Rs. 1.25 bn order for constructing a park in Bihar. (BS)
Economic and Political Headline
Inflation based on the Wholesale Price Index stood at 11.42% for the week ended June 14, comparing with 11.05% in week earlier, due to higher prices of food items like tea, milk, and cereals. (ET)
The prices of flat and long steel products have plunged by up to 14% in May following the government´s measures to control inflation in the steel sector. (ET)
The US Consumer spending surged 0.8% in May, fed by mounting inflation and the round of income-tax rebates unleashed to brace a soft economy. (WSJ)
Monday, June 30, 2008
News 30-Jun
Posted by Sachin Shahane at 11:28 AM
Labels: Heard On The Street
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