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Thursday, November 29, 2007

$$ DreamGains !! $$ Morning Brief By IndiaBulls

 

 

 

 


Headlines for the day

    Corporate News Headline

    BHEL bagged a Rs. 182 mn contract to supply transformers to Adani Power for its 990 MW generation project in Gujarat. (ET)
    United Spirits set a merger ratio of 4:17 to complete the merger process of Shaw Wallace with itself. (BS)
    Hindustan Zinc raised zinc prices across all varieties by 3.6% with immediate effect to bring them in line with international markets. (BS)

    Economic and Political Headline
    The Finance Ministry announced additional relief measures besides enhancing interest subsidy to provide relief to exporters in identified sectors hit by the rupee's appreciation. Sectors benefiting from the package include leather, handicrafts, marine products, and textiles. (ET)
    The SEBI allowed companies to offer up to 10% discount to retail investors in IPOs. The discount was so far restricted to FPOs. (BS)
    The Federal Reserve opened the door to an interest-rate cut next month. The latest signal from the central bank came in remarks by Donald Kohn, its vice chairman, which represented a Fed acknowledgment that the financial-market turmoil that started this summer remains a threat to the economy. (WSJ)


For detail information, please find attached herewith the "Morning Brief" dated 30 November 2007 

 

 

 

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