18-June-08
News
Headlines for the day
Corporate News Headline
RIL
is planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNL
is planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
Ashok
Leyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)
Economic and Political Headline
Making
it easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirect
tax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)
News
Headlines for the day
Corporate News Headline RILis planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNLis planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
AshokLeyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)
Economic and Political Headline Makingit easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirecttax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)
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