Headlines : 2 June 2009

Corporate News Headline
•	Maruti Suzuki India reported a 15.75% jump in the total sales in May at 79,872 units as against 69,001 units in the same month last year. (BS)
•	Parsvnath Developers is planning to invest Rs. 7 bn to develop a premium luxury housing project at Civil Lines in the national capital and expects a realisation of about Rs. 13 bn in three fiscals. (BS)
•	Sun Pharmaceuticals is planning to spend Rs. 3.32 bn in research & development of low-cost version of original drugs to be sold in domestic and global markets. (ET)
Economic and Political Headline
•	The global downturn has taken the wind out of the sails of India's exports, which fell the most in 14 years in April, by 33.2%, over the same month last year, while domestic slowdown led to imports dropping by 36.6% in the same period. (BS)
•	The US factory index rose to 42.8, the highest level since September, from 40.1 in April, spurred by the first gain in new orders since the recession began, a sign companies are increasingly confident the slump will end this year. (Bloomberg)
•	The UK manufacturing index rose to 45.4 from 43.1 in May, more than economists forecast and to the highest in a year, adding to signs that the recession may be past its worst. (Bloomberg)