funnnnn

BSE = BOMBAY SE EXIT
NSE = NATION SE EXIT
F/O = FUTURE OVER
NIFTY= NO INCOME FOR THIS YEAR
FII = FRAUD INTERNATIONAL INVESTOR

its official now MULAYAM is with congress ..GOVT is safe ... N DEAL will pass.... reforms will start .....

Reliance Infrastructure

Reliance Infrastructure has merged its wholly-owned subsidiary Reliance Projects Finance with itself effective from June 30. The Bombay HC had approved the scheme of amalgamation between the two on June 20th

News 2-July

2-July-08
News

Headlines for the day

Corporate News Headline
Hindustan Construction bagged a Rs. 3.4 bn order from the National Highways Authority of India for constructing the 4.4 km elevated six lane highway at Badarpur, Delhi. (BS)
SAIL would form a joint venture company along with Shipping Corporation of India for carrying out dry bulk shipping trade and importing coking coal. (BS)
Tata Motors would boost capacity to produce the model, due to higher-than-expected demand in India and overseas. (Bloomberg)

Economic and Political Headline
The merchandise exports in May, 2008 rose by 13% to USD 13.78 bn from USD 12.21 bn in the same month of the 2007. (BS)
The Finance Minister said that the government would contain the deficit below its budget estimates of 2.5% of GDP for the year. (BS)
The US construction spending tumbled to 0.4% in May, as work on hotels, power plants, and public hospitals helped cushion the slowdown in homebuilding. (WSJ)