Corporate News Headline
•Jindal Saw has secured orders worth Rs. 10 bn for supplying pipes in both domestic as well as international markets. (BS)
•BHEL has bagged a Rs. 1.05 bn order from IOC for setting up a captive power plant at the latter's Barauni Refinery Complex. (BS)
•ABB India bagged orders worth Rs. 550 mn to provide electrical infrastructure for modernisation of Kolkata airport. (BS)
Economic and Political Headline
•The government is planning to hike the price of natural gas produced by ONGC and Oil India by over 17% and index it to inflation rate to help the two firms cut losses on selling fuel below cost. (BS)
•The UK home sellers lowered asking prices in June for the first time in five months as banks scaled back lending and required buyers to stump up bigger deposits. (Bloomberg)
•European Central Bank President Jean-Claude Trichet said that there's still a risk that renewed financial turmoil could hamper an economic recovery. (Bloomberg)
Sent from my BlackBerry® smartphone
Tuesday, June 23, 2009
23-June-09 News Headlines
Posted by MoneyBazaars at 9:00 AM 0 comments
Subscribe to:
Posts (Atom)
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.