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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
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