MORNING NOTES

Corporate News

􀂄 Parsvnath Developers will invest about Rs 1,500 crore to
complete over 30 ongoing projects in the next two and half
years. - BS

􀂄 Reliance Infrastructure (R-Infra) has already pre-qualified
for around Rs 50,000-crore worth of infrastructure projects.
- BS

􀂄 Bank of India has entered into a memorandum of
understanding with TVS Motor company to provide finance
for customers intending to buy TVS Flame SR 125
motorcycle. - BS

􀂄 Tata Group firm, Rallis India, plans to infuse Rs 150-crore
in its Dahej (Gujarat) plant to expand its production capacity.
- BS

􀂄 The government has ruled out any immediate plan to
disinvest its stake in power equipment maker BHEL. - BS

􀂄 NTPC is likely to float the Rs 25,000 crore global tender
tomorrow for procuring power equipment for 11 units of 660
Mw each. - BS

􀂄 Petron Engineering Construction announced that it has
bagged an order worth Rs 38.28 crore from Utility Energytech
and Engineers for thermal power related works. - BS

􀂄 Asian stocks advanced for a third day after JPMorgan Chase
& Co.’s earnings topped estimates and Posco raised its
profit forecast. Treasuries and the dollar fell as investors
sought higher-yielding assets. - Bloomberg
Macro Economic News

􀂄 The wholesale price index rose 0.92 per cent in the 12
months to Oct. 3, higher that previous week's annual rise of
0.7 per cent. - ET

􀂄 For the first time in ten months, India has cut down its
investment in American debt securities which fell to $38.9
billion in July. - BS

Global Cues

Asian stocks advanced for a third day after JPMorgan Chase
& Co.’s earnings topped estimates and Posco raised its
profit forecast. Treasuries and the dollar fell as investors
sought higher-yielding assets. - Bloomberg