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Oct 4, 2010, 2:51:01 AM10/4/10
to India Investor
Global News
The jobless rate probably rose in September for a second month
as the year-old U.S. recover failed to generate enough jobs to keep
up with a growing labor force.
Corporate News
India’s government has started fresh talks with Axis Bank to
sell its stake in the bank amid soaring stock markets
Hero Honda Motors Ltd. sold 433,641 units in September,
compared with 401,290 a year earlier
JSW Steel Ltd. and Steel Authority of India Ltd.: The
companies raised prices of the alloy by as much as 3 percent starting
on Oct. 1.
Impact: Positive
National Aluminium Co. will complete a deal with coal
suppliers in Indonesia by January to provide fuel for its $4 billion
aluminum project in that country
Reliance Industries Ltd. cut crude oil output at the MA
offshore field in the KG-D6 block to 22,000 barrels a day for about
two months, compared with about 31,000 barrels a day in April
Sun Pharmaceutical Industries Ltd. received tentative approval
from the U.S. drug regulator to sell a copy of Orion Pharmaceuticals
Inc.’s Stalevo tablets, used for the treatment of Parkinson’s disease.
Impact: Positive
Tata Motors Ltd. is seeking to raise at least $525 million
selling shares to institutional investors to help reduce debt and fund
growth.
Dabur India Ltd., a maker of packaged honey, traditional
medicine and hair oil, plans acquisitions
overseas as domestic competition intensifies
JP Associates September Cement sales rose form 727000 to 1.17
million tonnes
Impact: Positive
KPIT Cummins acquires CPG Solutions
Impact: Positive
Tata Steel hikes prices by up to Rs 1,500 a tonne
Impact: Positive
More details http://www.16anna.com
The jobless rate probably rose in September for a second month
as the year-old U.S. recover failed to generate enough jobs to keep
up with a growing labor force.
Corporate News
India’s government has started fresh talks with Axis Bank to
sell its stake in the bank amid soaring stock markets
Hero Honda Motors Ltd. sold 433,641 units in September,
compared with 401,290 a year earlier
JSW Steel Ltd. and Steel Authority of India Ltd.: The
companies raised prices of the alloy by as much as 3 percent starting
on Oct. 1.
Impact: Positive
National Aluminium Co. will complete a deal with coal
suppliers in Indonesia by January to provide fuel for its $4 billion
aluminum project in that country
Reliance Industries Ltd. cut crude oil output at the MA
offshore field in the KG-D6 block to 22,000 barrels a day for about
two months, compared with about 31,000 barrels a day in April
Sun Pharmaceutical Industries Ltd. received tentative approval
from the U.S. drug regulator to sell a copy of Orion Pharmaceuticals
Inc.’s Stalevo tablets, used for the treatment of Parkinson’s disease.
Impact: Positive
Tata Motors Ltd. is seeking to raise at least $525 million
selling shares to institutional investors to help reduce debt and fund
growth.
Dabur India Ltd., a maker of packaged honey, traditional
medicine and hair oil, plans acquisitions
overseas as domestic competition intensifies
JP Associates September Cement sales rose form 727000 to 1.17
million tonnes
Impact: Positive
KPIT Cummins acquires CPG Solutions
Impact: Positive
Tata Steel hikes prices by up to Rs 1,500 a tonne
Impact: Positive
More details http://www.16anna.com
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