Headlines for the day
4-Jun-08
Corporate News Headline
Infosys Technologies granted two patents in the area of holography and mobile communications by the United States Patent and Trademark Office. (BS)
ONGC won oil regulator DGH´s approval for giving stakes in its gas rich Krishna Godavari basin block to Petrobras of Brazil and StatoilHydro of Norway. (ET)
ABB India bagged orders worth Rs. 2.95 bn from JSW Energy for its 1200 MW power plant in Maharashtra. (ET)
Economic and Political Headline
The RBI has permitted Indian companies to invest in excess of 400% of their net worth in energy and natural resources sectors, such as oil, gas, coal and mineral ores to impart more flexibility in overseas investment. (BS)
India´s central bank raised capital requirements for consumer finance companies to reduce ``systemic risk´´ after the global credit market seizure pushed funding costs higher. (Bloomberg)
The US Federal Reserve Chairman Ben S. Bernanke announced that interest rates are ``well positioned´´ to promote growth and stable prices. (Bloomberg)
Wednesday, June 4, 2008
News 4-Jun-08
Posted by Sachin Shahane at 9:30 AM
Labels: Heard On The Street
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