MORNING NOTES

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Corporate News

􀂄 Emami is preparing to take on FMCG major HUL in the
personal care segment by getting into the premium beauty
soap category, with products priced almost half of its
competitor. - BS

􀂄 Reliance Industries (RIL) is planning to bring in a strategic
business partner in its Haryana SEZ project, to maximise
investment potential in the joint venture unit. - BS

􀂄 Britain's Hardy Oil and Gas Plc stated that it is abandoning
work on an exploratory well in a Krishna Godavari (KG) basin
block, where Reliance Industries (RIL) is a majority partner,
owing to poor gas find. - BS

􀂄 SAIL announced that it has ruled out any increase in the
prices of its products for November citing stable market
scenario. - BS

􀂄 State Bank of India (SBI) informed that the bank has
concluded the issue of $750-million fixed rate senior notes
having a maturity of 5 years at a coupon of 4.5 per cent
under the Medium Term Notes (MTN) Program in the form
of Regulations Global Note. - BL

􀂄 European stocks declined this week as better-thanestimated
earnings failed to ease concern a seven-month
rally in equities has outpaced the prospects for economic
and profit growth. - Bloomberg

Macro Economic News

􀂄 Banks have seen a steady growth in loan disbursement in
the past three fortnights, marked by lending to corporates,
realty firms and infrastructure projects

GLOBAL CUEs

European stocks declined this week as better-thanestimated
earnings failed to ease concern a seven-month
rally in equities has outpaced the prospects for economic
and profit growth. - Bloomberg