Headlines for the day
Corporate News Headline
JSW
Steel is planning to invest Rs. 60 bn in the current financial year to
acquire iron ore mines in the American and African continents and
increase existing capacity. (BS)
SBI
would likely have to set aside at least Rs.10 bn to provide for
depreciation in its treasury portfolio as interest rates rise. (ET)
BHEL
bagged a Rs. 20.8 bn turnkey order from the ministry of electricity,
Syria for setting up two units of 200 MW each at the Tishreen thermal
power plant extension. (BS)
Economic and Political Headline
The
surging oil import bill has turned India´s current account balance into
deficit of USD 1.04 bn in the fourth quarter of 2007-08, against USD
4.25 bn surplus a year ago, despite growth in software services exports
and rise in remittances from overseas Indians. (BS)
The
incentives announced last year to help exporters deal with losses due
to a sharp rise of the rupee might be withdrawn soon. (ET)
The UK consumer confidence dropped 5 points to minus 34 in June as house prices fell across the nation. (Bloomberg)
Corporate News Headline JSWSteel is planning to invest Rs. 60 bn in the current financial year to
acquire iron ore mines in the American and African continents and
increase existing capacity. (BS)
SBIwould likely have to set aside at least Rs.10 bn to provide for
depreciation in its treasury portfolio as interest rates rise. (ET)
BHELbagged a Rs. 20.8 bn turnkey order from the ministry of electricity,
Syria for setting up two units of 200 MW each at the Tishreen thermal
power plant extension. (BS)
Economic and Political Headline Thesurging oil import bill has turned India´s current account balance into
deficit of USD 1.04 bn in the fourth quarter of 2007-08, against USD
4.25 bn surplus a year ago, despite growth in software services exports
and rise in remittances from overseas Indians. (BS)
Theincentives announced last year to help exporters deal with losses due
to a sharp rise of the rupee might be withdrawn soon. (ET)
The UK consumer confidence dropped 5 points to minus 34 in June as house prices fell across the nation. (Bloomberg)
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