The Financial Express - 28th September

Submitted By:-

Shruti Sharma
Siddharth Singh
Sonu Bansal
Gr. No. 25

BSE Sensex 20117 ˄ 72
S&P CNX Nifty 6036 ˄ 17


Steel Minister Bets for PSU mine lease

PSU have a special place in India and they should be given prefrence how can one approve their expansion plans investing our own money and leave the raw material part hanging?

Virbhandra Singh (Steel Minister)



Yeild on 1 year T- bills hits 6.65%


The yeild on the one year treasury bill which had risen to 6.65% last week, the highest since Dec 08 rose further to 6.65% on monday. The market attributed the spike to higher than anticipated borrowing by Banks from the RBI at ` 68135 crore



NTPC bulk Tender for 800 MW Supercritical equipment by year end

NTPC expected to float to tender for ` 18000 crore contract for the bulk supply of 800 MW projects by december. The company however, is waiting for the approval from the power ministry. NTPC was supposed to finalise contract for 660 MW units in time to issue tender for the bulk supply of 800 MW units in july this year.

M & M to raise price of commercial vehicles

The Company will increase price of passengers and commercial vehicles by ` 3000 – ` 8000 to offset the rising costs of raw material and implementation of the new emission norms.


Sensex up 72 points on strong FIIs, global cue

The BSE Sensex closed higher on monday, for a second straight session, lifted by Robust Foreign Fund inflows and firm world equities on sign of US Economy recovers. The markets next trigger would be the September quarter earning season which began next month. The 50 share NSE Index was up 0.3% at 6035 points.


Reliance Communication to seek shareholders nod for fund raising plan today

ADAG Group Company Reliance Communication would raise $1 billion with an issue of upto 15% of its existing share capital.
The firms net debt is more than 4 times forecast earning before interest, tax, depreciation and amortization for the year to March,2011