MORNING NOTES

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Corporate News

􀂄 United Spirits acquired the entire share capital of Tern
Distilleries (Tern) based in Andhra Pradesh for Rs 13.42
crore. - BS

􀂄 Maruti Suzuki India (MSI) announced that it will launch a
new van within this fiscal to replace its MPV Versa, whose
production has been stopped. - BS

􀂄 Pratibha Industries announced that it has bagged a Rs
309.46 crore contract from Bangalore Water Supply and
Sewerage Board for construction related works. - BS

􀂄 Aurobindo Pharma has inaugurated its formulations
manufacturing facility (Unit VII) at APIIC Green Industrial Park
near Hyderabad at an investment of about Rs 150 cr. - BL

􀂄 Asahi Infrastructure & Projects Ltd informed that it has
received a work order from Central and State Government
Scheme for construction of 680 houses and related
infrastructure located at N.P. Narkhed Dist. - Nagpur valued
at R s. 7.73 crore. - BL

􀂄 Sales of existing U.S. homes increased more than forecast
in October to the highest level since February 2007, spurred
in part by a tax credit that lured first-time buyers.Purchases
rose 10.1 percent to a 6.1 million annual rate from a 5.54
million pace in September. - Bloomberg

Macro Economic News

􀂄 The government has drawn up an ambitious target to lay
18,637km network of brand new expressways by 2022.-ET

􀂄 The government plans to offer six loss-making public sector
units on long-term lease to private players for periods up to
99 years, as it looks to bypass the divestment norms that
make these firms unattractive for buyers- BS

Global Cues

Sales of existing U.S. homes increased more than forecast
in October to the highest level since February 2007, spurred
in part by a tax credit that lured first-time buyers.Purchases
rose 10.1 percent to a 6.1 million annual rate from a 5.54
million pace in September. - Bloomberg
~~R`money