MORNING NOTES

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Corporate News

􀂄 Bharat Sanchar Nigam (BSNL) stated that it may directly
talk to Zain Telecom to acquire a controlling stake after the
exclusive talks period between the consortium Vavasi and
the Kuwaiti firm ends. - BS

􀂄 Sun Pharma announced that it has received the US
regulator's approval for the generic version of Acular, used
to treat pain and swelling after eye surgeries. - BS

􀂄 BEML, a public sector Mini-Ratna company under the Ministry
of Defence, has bagged a Rs 185 crore order for supply of
largest Walking Dragline from Northern Coalfields (NCL).BS

􀂄 Bharat Sanchar Nigam Ltd (BSNL) announced the launch
of per-second billing plan, joining a host of mobile phone
operators who have already introduced such tariff
scheme.BS

􀂄 Garware Offshore Services stated that it has bagged a two
year contract, through which it expects revenue of about Rs
45 crore, from an E&P (exploration and production) company
for one of its platform supply vessel. - BS

􀂄 Fedders Lloyd Corporation announced that it has bagged
an order worth $10.88 million (about Rs 52 crore) from a
Ethiopia-based firm for supplying power distribution
material. - BS

􀂄 Aurobindo Pharma has received the approval for its
chewable and dispersible Lamotrigine tablets from the US
Food & Drug Administration (USFDA). - BS

􀂄 Asian stocks fell for a third week, dragging the MSCI Asia
Pacific Index to its longest stretch of declines in eight months,
on concern the easing of government stimulus measures
will jeopardize the global economic recovery. - Bloomberg

Macro Economic News

􀂄 India's foreign exchange reserves fell to $284.391 billion
as on Oct. 30, from $285.520 billion a week earlier.-ET

􀂄 Indian bank loans rose 9.7 per cent on year as of Oct 23, the
central bank's weekly statistical supplement showed.-BS

􀂄 According to RBI's latest release, total stock of money
comprising cash currency and deposits with the banks
amounted to Rs 51,55,329 crore as on October 23, up Rs
9,171 crore (0.2%) over the previous fortnight's levels.-BL

Global Cues

Asian stocks fell for a third week, dragging the MSCI Asia
Pacific Index to its longest stretch of declines in eight months,
on concern the easing of government stimulus measures
will jeopardize the global economic recovery. - Bloomberg