2. Singapore, Australia bourses in
merger talks
1. The Singapore Exchange (SGX) and Australia's ASX
Ltd are in merger talks, a move aimed at fighting
growing competition from newer trading systems
and cutting the Hong Kong bourse's widening,
China-fuelled lead.
2. Shares of SGX and ASX, Asia's second- and third-
largest listed bourses, were both placed on a
trading halt on Friday pending an announcement.
(http://www.moneycontrol.com/news/world-news/singapore-australia-boursesmerger-talks_493479.html)
3. Demat accounts inch up on Coal
India issue
1. Coal India's bumper issue which closed on
Thursday and which got a fantastic response from
retail investors saw a fair amount of new
investors.
2. The retail portion of the issue was subscribed 2.3
times, where against the 20 crore shares on offer,
the company received bids for 458 crore shares.
3. As on September 30, there were a total of 1.77
crore demat accounts in the country and as on
October 16 this number has increased to 1.8 crore
accounts.
(http://www.moneycontrol.com/news/ipo-issues-open/demat-accounts-inch-upcoal-india-
issue_493474.html)
4. Sesa Goa plans Rs 30k-cr foray into
steel space
1. Vedanta Group firm Sesa Goa is planning an
investment of over Rs 30,000 crore in the steel
space in Orissa and Jharkhand and may rope in a
global company to jointly run the ventures.
2. The estimated investment in the Orissa project
could be Rs 25,000 crore while the Jharkhand
venture could cost up to Rs 7,500 crore.
(http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/steel/Sesa-Goa-plans-Rs-30k-
cr-foray-into-steel-space/articleshow/6802496.cms)
5. R-Power awards Rs. 10,000 crore
order to GE
1. Anil Ambani Group firm Reliance Power has
awarded a Rs. 10,000 crore equipment order to
GE Energy India for the expansion of its 2,400-
MW gas-based power project at Samalkot, in
Andhra Pradesh.
2. GE will supply six frame 9FA gas turbines, 3 D-11
steam turbines and generators for the power
project under the contract.
(http://profit.ndtv.com/news/show/r-power-awards-rs-10-000-crore-order-to-ge-112489)
6. Inflation may have hit plateau:
Pranab
1. Headline inflation in India, which was at 8.62 per
cent in September, may have reached a plateau,
Indian Finance Minister Pranab Mukherjee said.
2. The Reserve Bank of India, which expects headline
WPI inflation to ease to 6 per cent by the end of
March, has raised policy rates five times this year
to rein in inflation and is widely expected to raise
rates by a further 25 basis points on November 2.
(http://economictimes.indiatimes.com/news/economy/indicators/Inflation-may-have-hit-plateau-
Pranab/articleshow/6803207.cms)
7. India may beat China next year:
World Bank
1. The multilateral lender had pared China’s growth
forecast for 2011 to 8.5%, just a shade below its
projection of 8.6% for India, catapulting the latter
to the top of the growth chart. If the bank’s
predictions come true, India will, for the first time,
become the fastest-growing among large
economies.
2. China said its economy expanded 9.6% in the three
months to September, its slowest pace in 12
months.
(http://economictimes.indiatimes.com/news/economy/indicators/India-may-beat-China-next-year-World-
Bank/articleshow/6789715.cms)
8. Market Watch
Top Gainers (Previous Week)
Company Group Previous Close (Rs) Current Price (Rs) % Change
Top Losers (Previous Week)
BSE LIVE
20,165.86
-94.72 (-0.47%)
NSE LIVE
6,066.05
-35.45 (-0.58%)
(http://money.rediff.com/)
Pipavav Shipyard
Ltd
A 76.70 92.70 + 20.86
Central Bank A 196.95 228.10 + 15.82
Sesa Goa A 372.70 342.90 -8.00
M&M
Fin.Services
A 708.90 654.40 -7.69
