~
Corporate News
Disclosing that it has increased salaries of its offsite and
and onsite employees, Infosys Technologies said it would
continue to invest in manpower in view of its expansion plans. - BS
Tata Power's 4000 Mw coal-based ultra mega power plant
(UMPP) at Mundra in Gujarat is likely to be commissioned ahead of schedule. - BS
Construction firm Gammon Infrastructure Projects stated
that it has fixed October 27 as the record date for the proposed stock-split. - BS
Mangalore Refinery and Petrochemcial today received the
first parcel of crude oil from Cairn India's prolific Rajasthan fields. - BS
Tata Power signed an MoU with Multi Commodity Exchange
(MCX) to enable farmers take benefits of futures trading.BS
Sterlite Energy is believed to have bagged the country's first
ultra mega power transmission project, breaking the
decades old monopoly of state-run PowerGrid Corporation.
Yes Bank, has signed a loan agreement with development
finance institution DEG, under which it will borrow a 5-year
loan of euros 20-million.- BS
Developing-nation shares rose for a fifth day, capping their
biggest weekly gain in a month, as Chinese stocks surged
after an eight-day holiday and Samsung Electronics Co.
rallied on rising chip prices. - Bloomberg
Macro Economic News
A sharp surge in the gold prices in the global markets has
helped enhance India's foreign exchange reserves by $430
million during the week ended October 2. ET
The Planning Commission stated that the impact of the
global meltdown will be felt also in the next fiscal and it
would not be possible to achieve the average growth target
of 9 per cent in the Eleventh Plan. -BS
Global Cues
Developing-nation shares rose for a fifth day, capping their
biggest weekly gain in a month, as Chinese stocks surged
after an eight-day holiday and Samsung Electronics Co.
rallied on rising chip prices. - Bloomberg
~~R'MONEY
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