Tuesday, February 16, 2010


Corporate News

􀂄 Adani Power has been awarded a letter of intent (LOI) by the
Madhya Pradesh government for the development of a 1,320-
Mw power project at Chhindwara in the state - BS

􀂄 Ballarpur Industries (BILT) has bid close to $200 million for
Malaysia’s largest integrated paper manufacturer GS Paper
& Packaging Group (GSPP) - ET

􀂄 Ashok Leyland will increase prices of its products by up to
15 per cent once the new emission norms come into effect
from April, across the country. - BS

􀂄 Jaiprakash Power Ventures's $200 million (over Rs 925
crore) foreign currency convertible bonds issue, that closed
last week, has been fully subscribed. - BS

􀂄 MBL Infrastructure has bagged a Rs 100.12-crore order from
Reliance Infrastructure Ltd (RIL) for construction related
works at the Sasan Ultra Mega Power Project in Madhya
Pradesh. - BS

􀂄 PVR has terminated the acquisition agreement with DLF--
the country’s largest realty developer-- to acquire DT
cinemas. - BS

Macro Economic News

􀂄 Wholesale price index based inflation soared to a 15-month
high of 8.56% for the month of January, with the data showing
that inflation had spread to the manufacturing sector. - ET

Global Cues

􀂄 U.K. inflation probably accelerated in January to a 14-month
high, enough to trigger a public letter of explanation from
Bank of England Governor Mervyn King.Consumer prices
rose 3.5 percent from a year earlier, compared with a 2.9
percent gain in December. - Bloomberg

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