MORNING NOTES

Corporate News


􀂄 Reliance Industries has warned of irreversible damage to
the Krishna Godavari basin reservoir saying the failure of
the government to name additional customers has led to
natural gas flow from KG-D6 fields being artificially restricted.- BS

􀂄 IT solutions provider Thinksoft Global Services today hit the
capital market with a marginal gain of 0.8 per cent over its
issue price on the National Stock Exchange. - BS

􀂄 GMR Infrastructure Ltd has informed that EMCO Energy Ltd,
a subsidiary of the company's wholly owned subsidiary
company, GMR Energy Ltd, has achieved financial tie up on
October 21, 2009 within a span of four months from its
acquisition on Ju ly 24, 2009. - BL

􀂄 Global rating agency Standard & Poor's (S&P) today
assigned its 'BBB' corporate credit rating to Wipro Ltd, the
country's third largest software exporter, implying better
financial health and cost efficiency. Et

􀂄 Asian stocks gained for a second day, led by automakers
and consumer companies, after Toyota Industries Corp.
reported an unexpected profit and South Korea’s economy
grew at the fastest pace in seven years. - Bloomberg

Macro Economic News

􀂄 The optimism among policymakers and economists about
economic growth gaining momentum failed to find reflection
in the government's indirect tax collection figures, with excise
collection dropping 17% in September from the year-ago
period despite clear evidence of a pick-up in manufacturing.ET
 
 
Global Cues
 
Asian stocks gained for a second day, led by automakers

and consumer companies, after Toyota Industries Corp.
reported an unexpected profit and South Korea’s economy
grew at the fastest pace in seven years. - Bloomberg
~R`MONEY