Thursday, January 21, 2010


Corporate News

􀂄 Oil and Natural Gas Corp, India's largest oil and gas
producer, will bear Rs 3,497 crore fuel subsidy in the third
quarter ended December 31, 2009. - BS

􀂄 Lupin Ltd has addressed all concerns related to its
manufacturing facility at Mandideep in Madhya Pradesh
raised by the US health regulator Food and Drug
Administration (FDA) - BS

􀂄 Yes Bank plans to raise $ 150-200-million through a
Qualified Institutional Placement (QIP) before end-this fiscal
- ET

􀂄 Coal India has bought mining equipment worth Rs 2,000
crore from foreign firms, including Caterpillar and Atlas
Copco, to improve productivity of its Chhattisgarh mines. -

􀂄 Housing Development and Infrastructure (HDIL) has raised
Rs 425 crore as debt, in addition to Rs 400 crore raised last
month, to retire high cost loans. - BS

􀂄 Teva Pharma has filed a patent infringement suit in the US
against Lupin that prevents the Indian pharma company
from selling the generic, or copycat, version of Teva’s birth
control drug, LoSeasonique, for 30 months in a key market.- ET

Macro Economic News

􀂄 Inflation based on prices of products consumed by rural
labourers rose to 16.99 per cent in December as rice, wheat,
sugar and other food articles turned dearer. - BS

Global Cues

􀂄 Wholesale prices in the U.S. rose at a slower pace in
December, showing the economy is recovering without the
immediate threat of inflation. The 0.2 percent increase in
prices paid to factories, farmers and other producers
followed a 1.8 percent jump in November - Bloomberg

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