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Vol XXXVIII (No. 7), 30 Jul 2010
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Sensex moves higher; realty, metals, IT lead

MIL/ET Bureau, Jul 8, 2010


Mumbai: July 08, 2010 - Sustained buying activity, on the back of sharp pullback in global equities, helped the benchmarks to sustain early morning gains. The upmove was led by gains in realty, metals and IT stocks.


Car sales to grow at 12-13 per cent this year

MIL/Hindu, Jul 8, 2010


New Delhi: July 08, 2010 - Growth in car sales in the country will grow 12-13 per cent in the ongoing fiscal, almost half of what was achieved in the last financial year, Society of Indian Automobile Manufacturers said on Thursday.


Anil Ambani's R-Power, RNRL to consider merger

MIL/NDTV Profit, Jul 2, 2010


July 02, 2010 - With much of its relevance lost as a business entity after the signing of a gas supply deal with Mukesh Ambani led RIL, Anil Ambani group firm RNRL will merge with sister concern Reliance Power. Market worth of the combined entity at today's price would be Rs 50,000 crore.


PSU banks unveil base rates, SBI sets at 7.5%

MIL/NDTV.com, Jun 30, 2010


Mumbai: June 30, 2010 - Ushering an era of new interest rate regime, several PSU banks today announced new benchmark base rates of up to 8 per cent, with SBI being lowest at 7.5 per cent, for giving loans including housing and commercial at or above it, a move that could make credit cheaper.


RIL makes 7th oil discovery in Cambay Basin

MIL/business-standard.com, Jun 28, 2010


Mumbai: June 28, 2010 - Reliance Industries Limited (RIL) has made its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B) in Cambay Basin, Ahmedabad, Gujarat.


Sensex opens lower on weak global cues

MIL/ET Bureau, Jun 23, 2010


Mumbai: June 23, 2010 - Indian markets opened on a subdued note Wednesday in line with other peers as disappointing US home sales data dampened sentiments. Indices are expected to remain choppy ahead of June Series F&O settlement tomorrow.


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