Headlines for the day
Corporate News Headline
- Tata Steel identified raw material resources in America, Africa, and Australia for acquisition to ensure that around 50% of the requirement of Corus is met through captive sources. (ET)
- Shiv-Vani Oil & Gas Exploration Services bagged an order worth Rs. 16.1 bn from ONGC for deployment of eight onshore deep drilling rigs. (BS)
- Bharat Electronic is planning to tap the lucrative business potential in the atomic energy sector. (BS)
Economic and Political Headline
- Crossing the 12% barrier for the first time in 13 years, inflation moved to 12.1% for the week ended July 26 on soaring food and non-food article prices. (ET)
- The mining industry said that India´s iron ore shipments have fallen by up to 20% in the last one month following imposition of 15% export duty and higher freight charges. (ET)
- The European Central Bank and the Bank of England left their key interest rates on hold at 4.25% and 5%, respectively, as both banks consider how to steer their economies between the shoals of mounting inflation and slowing growth. (WSJ)
No comments:
Post a Comment