15-May-09 News Headlines

Corporate News Headline

•NTPC has signed a Rs. 85 bn loan agreement with State Bank of India to fund its upcoming power projects. (ET)
•DLF is planning to raise about Rs. 100 bn over two to three years from selling businesses and land. (Bloomberg)
•BHEL has bagged an order worth Rs. 14.75 bn for a 600 MW thermal power plant in Chattisgarh. (ET)
  

Economic and Political Headline

•After rising for three consecutive weeks, inflation fell to 0.48% for the week ended May 2, even as essential food items like pulses, cereals, and vegetables ruled high. (BS)
•Initial jobless claims in the US rose by 32,000 to 637,000 in the week ended May 9, because of the Chrysler LLC bankruptcy that is likely to reverberate through the economy for months. (Bloomberg)
•The spending on factories and properties in China surged 30.5% in the first four months from a year earlier, as China's USD 585 bn stimulus plan and record bank lending triggered the nation's economic recovery even as exports plunge. (Bloomberg)
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