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Power news2


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Power news2

  1. 1. Power NEWS(30 Aug - 04 Sept, 2010)<br />- SumitKalra<br />
  2. 2. April-June quarter GDP growth at 8.8% vs 8.6% QoQ<br />The strong growth may allow the Reserve Bank of India (RBI) to focus more on containing near double-digit inflation.<br />The RBI has raised interest rates four times since mid-March to stamp down inflationary pressures.<br />(<br />
  3. 3. Reliance Industries hikes stake in EIH to 14.80%<br />RIL subsidiary Reliance Industries Investment and Holding Pvt Ltd on Tuesday bought 26,86,885 additional shares in off- market trade.<br />RIL had acquired a 14.12 per cent stake in EIH for Rs 1,021 crore at a premium of 22 per cent per share.<br />(<br />
  4. 4. 39 Indian cos in Forbes 'Best Under A Billion' Asia list<br />Among the 200 companies listed by the magazine, 39 are from India while 71 firms are based in China. <br />To name a few, Jindal Drilling & Industries, Emami, Exide Industries, Jubilant Organosys, KNR Constructions, have made it to Asia's 'Best Under A Billion' 2010 list of companies.<br />(<br />
  5. 5. TirupatiBalaji's jewels to get 52K-crore cover<br />Temple owns about 20 tonnes of gold and diamond jewellery and some of them date back to the 12th century.<br />Preliminary data shows that the valuation of the assets to be insured could be over $10 billion.<br />Till now, ONGC has the largest insurance cover of $26 billion. <br />(<br />
  6. 6. PTC India Financial Services plans IPO<br />PTC India Financial Services is a 100 per cent subsidiary of PTC India Ltd.<br />It would enter the capital market to raise Rs 700-800 crore.<br />The money could be either raised by IPO or through a mixture of IPO and PE funding.<br />(<br />
  7. 7. FY11 tax collection may top budget estimate<br />Tax collections could beat budget estimates of Rs 7,46,000 crore ($160 billion) in the fiscal year to end-March 2011<br />Together with non-tax receipts it could lower the fiscal deficit to below the targeted 5.5 per cent of GDP.<br />(<br />
  8. 8. Market Watch<br />Top Gainers (Previous Week)<br />Top Losers (Previous Week)<br /> BSE   LIVE<br /> 18,221.43  <br />-16.88 (-0.09%)<br /> NSE   LIVE<br /> 5,479.40 -6.75 (-0.12%)<br />(<br />