MORNING NOTES

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Corporate News

􀂄 Gujarat Fluorochemicals Ltd has informed that the company
has planned to make a total investment of about Rs 500
crore to increase the installed capacity of its plants at Dahej.
- BL

􀂄 ONGC is eyeing 20-25 per cent stake in a giant Iranian gas
field even as it awaits Tehran's nod for its plan to develop a
gas field it had discovered two years ago. - BS

􀂄 Videocon stated that it will open over 10,000 new stores of
its retail venture-- Next and Planet M over a period of next
three years as part of its plan to increase foot print in the
rural and hinterland areas. - BS

􀂄 Mahindra-Satyam shares fell to a 4-month low on Thursday,
before recovering, on concerns over its outlook after Indian
investigators filed new charges over accounting fraud that
hit Satyam earlier this year. - ET

􀂄 Loans to households and companies in Europe posted
their second straight annual decline in October as the
economic slump curtailed demand for credit and made
banks more reluctant to lend. Loans to the private sector fell
0.8 % from a year earlier after a drop of 0.3 % in Sept. On the
month, loans slipped 0.2 % money-supply growth, which
the ECB uses as a gauge of future inflation, slowed to 0.3 %
in Oct, the lowest rate since records began in 1981, from
1.8 % in Sept. - Bloomberg

Macro Economic News

􀂄 India's food price index was up 15.58 per cent in the 12
months to November 14, while the fuel index was down
1.51 per cent. - ET

􀂄 India's sluggish recovery continued in the third quarter, with
government spending the main driver of expected real GDP
growth of 6.3 per cent year-on-year. - BS

Global Cues

􀂄 Loans to households and companies in Europe posted
their second straight annual decline in October as the
economic slump curtailed demand for credit and made
banks more reluctant to lend. Loans to the private sector fell
0.8 % from a year earlier after a drop of 0.3 % in Sept. On the
month, loans slipped 0.2 % money-supply growth, which
the ECB uses as a gauge of future inflation, slowed to 0.3 %
in Oct, the lowest rate since records began in 1981, from
1.8 % in Sept. - Bloomberg
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