HDFC raised its prime lending rate by 50 basis points from 13.75% to 14.25% effective September 1, 2010. Barclays was relieved of a SEBI ban, allowing it to facilitate investment in Indian stock markets. Bilcare completed its Rs. 607 crore acquisition of INEOS's plastic film making unit, which will give Bilcare access to clients like Pfizer, Novartis, and Johnson & Johnson.

1. HDFC hikes PLR by 50 basis points Leading home providing HDFC raised its prime lending rate(PLR) by 50 basis points from existing 13.75% to 14.25% from sept 1, 2010. The rates for the existing customer and new customer

2. Barclays relieved of SEBI ban Market regulator SEBI has lifted the ban on British bank Barclays for issuing off share derivative instrument. It will help to lender to facilitate investment by unregistered entities into Indian stock markets

3. Bilcare completes acquisition of film making unit of ineos Indian pharmaceutical product packing company Bilcare has completed Rs.607crores acquisition of the plastic film making unit of petrochemical company INEOS. Acquisition WILL GIVE Bilcare to access client like Pfizer, Novartis & Johnson & Johnson. Operating margin of INEOS plastic film making division 7.5% on revenue Rs. 1458. INEOS have employed arround 1300 peoples across Germany,Italy, India & North America.

4. Sharma game for fdi in multi-brand retail, says opening up would create more jobs Investing FDI in multi-brand retail will grow thousand of jobs. WalMart and Carrefour tap India’s growing retail market, estimated at over $400b. The present FDI regime allow 51% foreign investment in single brand retail 100% in whole sale but not in multi brand.

5. Cipla to decide on medpro stake buy in oct.. Cipla decide to buy stake of up to 25% in a unit of South Africa based CiplaMedpro. CiplaMedpro is partner of Indian firm and is third biggest drug maker in South Africa. Indian firm exports arround 35% of it’s production. 15% export revenues are through CiplaMedpro.

6. RISE IN YEN’S CREATE TOUGH SITUATION FOR TOYATA MOTOR The world’s largest auto maker will consider moving its factories overseas to build models to sold in Japan. Because did not rise sale of cars. Friday , dollerrollied against the yen 83.58 to 84.39 yen

7. SENSEX V/S NIFTY