Tuesday, June 16, 2009

16-June-09 News Headlines

Corporate News Headline

•RIL has received order from the Bombay High Court to assure gas supply of 28 mmscmd from Krishna-Godavari basin D6 block to RNRL for 17 years at USD 2.34 mmbtu. (BS)
•Ansal Properties & Infrastructure is planning to raise funds up to Rs. 15 bn through the issue of securities on a private placement basis to qualified institutional buyers. (BS)
•Deep Industries has bagged two contracts worth Rs. 720 mn from ONGC for hiring natural gas compressors to the company. (BS)


Economic and Political Headline

•Leaving for Russia on his first foreign visit after assuming office for a second term, Prime Minister Manmohan Singh said that India is ready to play its part in coordinating global efforts to overcome the economic slowdown. (BS)
•The International Monetary Fund has raised its outlook for the US and called for steps to reduce concern about rising public debt and inflation. (Bloomberg)
•Group of Eight finance ministers began drawing up contingency plans for rolling back budget deficits and bank bailouts as the economy shows signs of recovery and investors start worrying about inflation. (Bloomberg)
Sent from my BlackBerry® smartphone

0 comments:

DISCLAIMER



DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.

Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.