7-Aug-08
Headlines for the day
Corporate News Headline
Tata Power is planning to bid for Senoko Power Ltd., Singapore’s largest power utility. (Bloomberg)
Hindustan Construction Company bagged an irrigation project in the south Indian state of Andhra Pradesh worth Rs. 6.29 bn. (BS)
Dr Reddy´s Labs’ promoter group firm Dr Reddy´s Laboratories Holdings has increased its stake in the company to 22.82% through open market purchase. (BS)
Economic and Political Headline
The government ruled out an immediate reduction in petrol and diesel prices following softening of global crude prices saying that the domestic rates were still pegged at roughly half of the current international prices. (BS)
The Finance Ministry said in a statement that the direct tax receipts in April-July rose an annual 46.9% on year to Rs. 716.48 bn. (ET)
The UK consumer confidence fell 11 points to 51 in July after house prices slumped, unemployment rose, and inflation accelerated. (Bloomberg)
Thursday, August 7, 2008
News 7-Aug-08
Posted by MoneyBazaars at 9:34 AM
Labels: Heard On The Street
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