MORNING NOTES

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Corporate News

􀂄 DLF, stated that it is mulling to integrate group entity Caraf
Builders & Constructions and its subsidiaries with DLF Cyber
City Developers Ltd. - BS

􀂄 GlaxoSmithKline (GSK) Consumer Healthcare announced
that it has resumed operations of its factory in Andhra
Pradesh, which it had earlier shut down due to the ongoing
political unrest in the state. - BS

􀂄 Chambal Fertilisers & Chemicals informed that its USbased
subsidiary, ISGN Solutions Inc, has acquired Fiserv
Fulfillment Services on December 12. - BS

􀂄 ACC informed that its Thondebhavi Cement Works was
inaugurated in Karnataka. The initiative made by ACC will
help the economic and social development of Chikballapur
people. - BL

􀂄 Coal India Ltd (CIL) will invest Rs 2,500 crore for setting up
20 new coal washeries by 2017 to improve the quality of
coal. - BL

􀂄 Nucleus Software Exports Ltd announced that Bai Tushum
and Partners, a non-banking finance company in Kyrgyz
republic, has chosen FinnOne for its core banking operation
across all divisions. - BL

Macro Economic News

􀂄 The Centre for Monitoring Indian Economy (CMIE) has once
again revised its GDP growth forecast for the current fiscal
to 6.7 per cent from 6.2 per cent announced last month.-ET

􀂄 Inflation jumped to 4.78 per cent in November, driven by
rising prices of essential food items like pulses, fruits and
vegetables. - BS

Global Cues

􀂄 The U.K. housing market recovery will peter out in 2010 as
the supply of homes increases because of forced sales,
Rightmove Plc said. Average asking prices will stagnate
next year after rising about 2 percent in 2009, the operator of
the U.K.’s biggest property Web site said in a statement
today. Prices fell 2.2 percent this month to an average of
221,463 pounds ($359,600) - Bloomberg
~~R`money