Vol XXXVI (No. 10), 12 Oct 2008  

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61. Oil firms plan freeze on new LPG connections: reports
MIL/IINS    May 17, 2008    Author:

Mumbai: May 17, 2008 - Oil PSUs have also threatened to impose LPG quotas per family and suspend diesel imports to cushion themselves against record high crude oil prices.

62. Sensex up 86pts; HDFC Bank up 1.9%
MIL/BS Reporter    May 16, 2008    Author:

Mumbay: May 16, 2008 - The Sensex opened 123 points higher at 17,476 points. It is now trading at 17,440 points, up 86 points. The Nifty is up 11 points to 5126.

63. Bharti Airtel talks shift to full takeover of MTN
MIL/ET/PTI    May 15, 2008    Author:

New Delhi, May 15, 2008 - India's number one mobile operator Bharti Airtel's negotiations with South African telecom major MTN is now headed towards complete take-over by the former, media reports said.

64. Nifty futures end in discount as investors go short
MIL/ET/TNN    May 10, 2008    Author:

Mumbai: May 10, 2008 - Concerns over rising domestic inflation coupled with weak global cues weighed down heavily on Indian stocks on Friday. Frontline banking, realty and oil & gas stocks were the worst hit as inflation rate came in higher at 7.61 per cent for week ended April 26 against 7.57 per cent earlier.

65. Bharti to build Europe India Gateway cable
MIL/BS Reporter    May 7, 2008    Author:

May 7, 2008 - Telecom major Bharti Airtel will be the only Indian service provider to be part of a consortium of 15 global telecommunications majors that will build the Europe India Gateway (EIG) cable system with a project cost of $700 million, the company announced today.

66. Sensex surges 274pts; HDFC rallies 4%
MIL/BS Reporter    Apr 29, 2008    Author:

Mumbai: April 29, 2008 - The Sensex has extended gains after the Reserve Bank of India in its annual credit policy left repo rates unchanged. The index is now up 274 points at 17,290.

67. Sensex down 52 points @ 13:30 hrs
MIL/Sify.com    Apr 28, 2008    Author:

April 28, 2008 - Stock specific buying remains the order of the day on the major Indian bourses today. Amid alternate bouts of buying and selling in blue chips, the Sensex is down in the red 17,074.19 (down 51.79 points or 0.3%). The Nifty has posted a loss of 6.60 points at 5105.10.

68. Sensex up over 200 pts @ 11:58 hrs
MIL/Sify.com    Apr 25, 2008    Author:

April 25, 2008 - After moving in a tight range band for around an hour, the benchmark indices Sensex and Nifty have surged higher thanks to a slight thrust in buying momentum now.

69. Mkts: Blue chips drift lower; Sensex pares gains @ 14:21 hrs
MIL/Sify.com    Apr 24, 2008    Author:

April 24, 2008 - Due to a strong round of selling in some blue chip stocks, the Sensex has given up its gains and dropped down to around its previous closing mark now.

70. Mkts slip; Nifty still above 5K, SAIL, ICICI Bank down
MIL/Moneycontrol.com    Apr 23, 2008    Author:

April 23, 2008 - The markets have slipped and are trading sharply lower as selling pressure seen in banks, metal, capital goods and some power and oil stocks. However, realty and some technology stocks are still witnessing buying interest.

71. Federal Reserve approves $30b. Credit Line to save US financial markets
MIL.NYT    Mar 17, 2008    Author: IR Summary

Washington: March 17, 2008 - To avoid collapse to financial markets, the Federal Reserve has approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street.

72. BJP and Left storm in Parliament on Kannur Issue
MIL/Agencies    Mar 13, 2008    Author: IR Summary

Kannur, Kerala, India: March 13, 2008 - IR Summary - The Left Party and the BJP has created a big issue in Parliament on the violence in Kannur in Kerala. The violence has also robed this area of the normal trade and this region is paying a heavy economic cost.

73. Reliance eying petrochem project in Qatar
MIL/Hindu    Mar 8, 2008    Author:

Dubai , March 8, 2008 - Reliance Industries is keen to set up a petrochem complex in Qatar especially for polymer production. The company is "definitely interested in establishing a world-scale petrochemical complex here with Qatar Petroleum," R P Sharma, president (LNG business) of Reliance Industries who was in Qatar to attend the Middle East Gas Summit, said.

74. Mukesh Ambani's net worth fluctuates $35 bn
MIL/PTI    Mar 6, 2008    Author:

New York, March 2008 - Mukesh Ambani, who runs the Reliance Industries group, also saw the highest fluctuation of about $35 billion in his net worth over the past year even as he trailed his estranged brother Anil as the world's second biggest wealth creator.

75. Market sees second biggest fall ever; Sensex slips over 5%
MIL/Agencies    Mar 3, 2008    Author:

March 3, 2008 - It was extremely weak day for the markets wherein the Sensex and Nifty opened with huge gap down on the back of weak cues from the global markets. All the key indices traded in deep red through the day barring pharma and auto index which were holding up in green till mid trading session but slipped in late trade.

76. Dollar sunk to a historic low against other major currencies: Fed. Chairman
MIL/NYT    Feb 28, 2008    Author: IR Summary

Washington: February 28, 2008- IR Summary - Chairman of the Federal Reserve, while giving own opinion on the state of the economy, said that the dollar sank to a historic low against other major currencies, introducing a possible third dimension to the economic problems and it is an urgent matter to be tackled immediately.

77. Reliance Power Rises, Closing Above IPO Price for First Time
MIL/Agencies    Feb 25, 2008    Author:

February 25, 2008 - Reliance Power Ltd., the company that raised $3 billion in India's biggest initial public offering, closed above the IPO price for the first time since listing after saying it will issue free shares to investors to compensate for a slump in the stock price.

78. Reliance Power: bonus shares in ratio of 3:5
MIL/Agencies/indiainfoline    Feb 24, 2008    Author:

Mumbai, India: February 124, 2008 – The Board of Directors of the Reliance Power Ltd in their meeting held here today, has approved a proposal for issuing free bonus shares to all categories of shareholders, in the ratio of 3 shares for every 5 shares held.

79. Govt approves securities for SBI rights issue
MIL/BS    Feb 21, 2008    Author: BS Reporter

New Delhi, February 21, 2008 - Faced with opposition from Reserve Bank of India, the government today decided to subscribe to the rights issue of State Bank of India (SBI) by issuing special marketable government securities instead of statutory liquidity ratio (SLR) marketable government securities.

80. Double-digit salary hikes to continue in '08
MIL/Sify.com    Feb 20, 2008    Author:

February 20, 2008 - Salaries are going to be marginally better this year in India — despite the country clocking the highest growth in paychecks globally in 2007. That's the message coming from the 12th annual salary increase survey conducted by Hewitt Associates, the Illinois, US-headquartered human resources consultant.

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