Tuesday, September 29, 2009

Headlines : 11 September 2009


Corporate News Headline

BHEL said it has bagged an order worth Rs. 9.90 bn from the Indian Railways for supply of electric locomotives. (BS)

IVRCL Infrastructures & Projects said it has bagged orders totaling to Rs. 5.57 bn from the government of Maharashtra. (BS)

Punj Lloyd said it has raised Rs 6.00 bn by issuing debentures on private placement basis. (BS)

Economic and Political Headline

Inflation rises to minus 0.12% for the week ended August 29 from the week ended August 29 from minus 0.21% in the previous week.(BS)

The US trade deficit widened in July and imports gained by a record 4.70%, signaling a revival of commerce as the global recession eased.(Bloomberg)

The Bank of England plans to keep buying as much as GBP 175 bn (USD 290 bn) of assets to cement the economy’s recovery from the worst recession in a generation. (Bloomberg)

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