Global News
Orders for durable goods in the U.S. increased less than
forecast in July and sales of new homes unexpectedly dropped,
increasing the risk of a renewed recession in the world’s largest
economy.
India Economy News
ISO sees 2010/11 sugar surplus as India output rises
Impact: Negative
Govt to divest 74% in Scooters India by Oct
Impact: Positive
Corporate India News
Mahindra & Mahindra Ltd. expects to complete the purchase of a
stake in Ssangyong Motor Co. in four months. The company also plans to
set up a new factory to make tractors in Southern India.
Mphasis Ltd. net income in the three months to July 31 rose 18
percent to 2.71 billion rupees ($58 million).
Impact: Positive
State Bank of Mysore rights issue at Rs. 540
Rel Infra sets sight on more airports
Impact: Positive
Adani to invest $1.6bn in Indonesian Project
Impact: Positive
Firstsource Solutions expands its footprint to Australia
RCF may get gas from ONGC instead of Reliance
Century Plyboards to finalise revamp plan in Sept
Impact: Positive
Maruti Suzuki India Ltd.,may drop parts makers unable to pay
for expansion as an industrywide component shortage damps production
in Asia’s third-largest vehicle market.
Rubber imports duty to stay at 20%
Patni Computer Systems Ltd secured a seven-year contract for
the development and delivery of 'Progresso', Serco's new information
management platform for schools. Progresso is a centrally hosted
management information platform that provides relevant data, tools and
services directly to schools, parents and local authorities.
Impact: Positive
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