Corporate News Headline
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BHEL said it has bagged an order worth Rs. 9.90 bn from the Indian Railways for supply of electric locomotives. (BS)
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IVRCL Infrastructures & Projects said it has bagged orders totaling to Rs. 5.57 bn from the government of Maharashtra. (BS)
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Punj Lloyd said it has raised Rs 6.00 bn by issuing debentures on private placement basis. (BS)
Economic and Political Headline
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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)
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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)
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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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