28-July-08 News

28-July-08
News
Headlines for the day
Corporate News Headline
M&M signed an MoU with the Maharashtra government to upgrade two Industrial Training Institutes under the public private partnership scheme approved by the union government. (BS)
Hindustan Construction decided to raise Rs. 1 bn, by issue of non-convertible debentures to Life Insurance Corp of India. (ET)
JSW Steel is planning to set up a Rs. 20 bn port project in the Bhadrak district of Orissa. (BS)
Economic and Political Headline The UPA government is likely to push key financial bills, including opening of pension sector for private players and raising voting rights of foreign entities in private sector banks during monsoon session of Parliament. (BS)
The government said that steel prices have declined up to six per cent during the last fortnight on the back of measures taken by primary steel producers to check the alloy prices at retail levels. (BS)
The orders for durable goods in the US climbed 0.8% in June, easing concern that companies would limit spending as raw-material costs soared. (WSJ)