7-July-08 News
Headlines for the day
Corporate News Headline
L&T decided to split its Engineering Construction and Contracts Division to increase efficiency in managing growth. (ET)
Ranbaxy
completed successfully the phase II clinical trials for the first
malaria drugs being developed in India since many decades and expects
to start marketing it in next 3-5 years. (BS)
Gitanjali
Gems is planning to buy the US-based jewellery retail chain, Whitehall
Jewellers Holdings with an investment of Rs. 3.5-4 bn. (ET)
Economic and Political Headline
The
WPI based inflation surged to a fresh high of 11.63% for the week ended
June 21, 2008, on the back of increasing food and commodity prices. (BS)
The
RBI said that the flow of credit from scheduled commercial banks went
up 25.4% to Rs. 24745.96 bn between April and June 20 this year. (BS)
The
UK car sales fell 6.1% in June as Britons curtailed spending amid
spiralling fuel prices and a slowing economy. (Bloomberg)
Headlines for the day
Corporate News Headline L&T decided to split its Engineering Construction and Contracts Division to increase efficiency in managing growth. (ET) Ranbaxycompleted successfully the phase II clinical trials for the first
malaria drugs being developed in India since many decades and expects
to start marketing it in next 3-5 years. (BS)
GitanjaliGems is planning to buy the US-based jewellery retail chain, Whitehall
Jewellers Holdings with an investment of Rs. 3.5-4 bn. (ET)
Economic and Political Headline TheWPI based inflation surged to a fresh high of 11.63% for the week ended
June 21, 2008, on the back of increasing food and commodity prices. (BS)
TheRBI said that the flow of credit from scheduled commercial banks went
up 25.4% to Rs. 24745.96 bn between April and June 20 this year. (BS)
TheUK car sales fell 6.1% in June as Britons curtailed spending amid
spiralling fuel prices and a slowing economy. (Bloomberg)
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