NMDC Ltd

State-run Indian mining firm NMDC Ltd will sign an agreement next week with global miner Rio Tinto to buy mineral assets, the Indian Express newspaper said on Wednesday. The firms are likely to sign a deal on Aug. 18 to float a joint venture to buy mines within the country and abroad, the newspaper said. NMDC and Rio Tinto would jointly acquire, explore and develop mineral properties, Rana Som, chairman and managing director of NMDC, was quoted as saying by the newspaper. NMDC has been increasingly looking to foreign markets to secure raw material reserves, the paper said. With no fresh allocation of iron ore mines within the country, NMDC has signed a joint venture agreement with India's Spice Energy and was close to clinch a deal to acquire mines in mineral-ric

Tata Steel

corus realises $600 million improvement in internal performance, positive for tata steel

Japan's economy

Japan's economy contracted 0.6% in the second quarter, reinforcing views that the world's No.2 economy has slipped into recession after its longest postwar expansion. Japan Wholesale Inflation Jumps to 7.1%

The board of market regulator Securities & Exchange Board of India will review the regulatory framework governing participatory notes (PNs), at its meeting today, 13 August 2008. There are expectations that Sebi may relax some of restrictions on PNs that were introduced in October 2007. At that time, Sebi had proposed that foreign institutional investors (FIIs) and their sub-accounts cannot issue or renew PNs with underlying as derivatives with immediate effect. They had to unwind their current position within 18 months. The capital market regulator

39 items have been added in FNO from 21st Aug

39 items have been added in FNO from 21st Aug:
ABG SHIPYARD LTD AKRUTI ASIANPAINT BALAJITELE CONCOR COREPROTEC DCHL DISHTV EVERONN FSL GSPL GTLINFRA GVKPIL HCL-INSYS IBREALEST ICSA KLGSYSTEL KSOILS MIC MINDTREE MLL MONNETISPA MRF NBVENTURES NOIDATOLL OPTOCIRCUI ORBITCORP PRISMCEM PTC RIIL SINTEX SREINTFIN THERMAX TORNTPOWER TV-18 UCOBANK UTVSOF VOLTAMP WALCHANNAG (mkt info)