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Corporate News
The government's decision to divest its stake in power PSU
NTPC would be delayed as the Cabinet Committee on
Economic Affairs could not meet due to pre-occupation of key ministers. - BS
Essar Steel is planning to open three more hypermarkets in
Karnataka, taking the total count in the state to six. - BS.
Cairn India has sold the first crude from its prolific Rajasthan
fields to the Mangalore Refinery and Petrochemicals (MRPL). - BS
Edserv Softsystems announced that it has bagged an order
worth Rs 100 crore from the government for providing
training to unemployed and under-employed youth across India. - BS
IVRCL Infrastructures and Projects bagged orders worth
Rs 523.31 crore from UP Jal Nigam for integrated sewerage
works under Jawaharlal Nehru National Urban Renewal
Mission in Allahabad on a turnkey basis and to be completed in 36 months.- BS
Japanese machinery orders rose 0.5% less than estimated
in August, barely rebounding from a record low as depressed
capital spending by companies inhibits the economy's
recovery from its worst postwar recession. - Bloomberg
Macro Economic News
India's wholesale price index rose 0.7 per cent in the 12
months to Sept. 26, lower that previous week's annual rise
of 0.83 per cent, government data showed. - ET
Credit offtake grew by 13%. Banks have ended the second
quarter with a total loan growth of Rs 1,08,885 crore, against
a dip of over Rs 7,000 crore in the previous quarter, with
almost half the growth coming in the last fortnight. - BS
Global Cues
Japanese machinery orders rose 0.5% less than estimated
in August, barely rebounding from a record low as depressed
capital spending by companies inhibits the economy's
recovery from its worst postwar recession. - Bloomberg
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