Post on 29-May-2018
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ECONOMY UPDATES
22 FEB 2010
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Presented by
SANDEEP JAMDADE 93
SARANG JEWLIKAR 94
NARESH LINGAMPETH 96
RENU MAHALE 97
RAVINDRA MEDHI 98
RAVINDRA MHETRE 99
RASHMI MUDADI 100
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CORPORATE NEWS
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RIL produces gas worth $1.5b Operated D6 gas field in the
Krishna-Godavari (KG) basin hasproduced more than 10 billion cubicmeters of natural gas worth over$1.5 billion in the first 10 months.
Oil minister Murli Deora confirmedthat the ministry has reviewed gasproduction from KG-D 6.It is a majorachievement in countrys energysecurity.
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Renuka Sugars buysBrazils Equipav SA for
Rs 1,530 cr
On Sunday it had bought Braziliancompany Equipav SA Acucar e Alcoolfor Rs 1,530 crore to strengthen itspresence in the worlds largest producerof the sweetener.
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Renuka Sugars buysBrazils Equipav SA for
Rs 1,530 cr
Equipav is Brazils seventh-largestsugarmaker with a cane-crushingcapacity of 10.5 million tonne a year attwo plants in Sao Paulo.
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Prices of antibioticsmay flare up 50%
AGOVERNMENT proposal to slap anti-dumping duties on Chinese andMexican imports of two key pharmaingredients will push up the prices ofcommon antibiotics like Mox,Augmentinand Sporidex by almost 50%,say theirmakers.
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Bharti looks at long-
term debt for Zain deal
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Company oppose ban
on currency derivatives
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Company oppose ban
on currency derivatives Biggest names in Corporate India are
telling the Reserve Bank of India (RBI)not to throw the baby in the bathwater,as the regulator prepares to clampdown on currency derivatives financialproducts that have baffled firms thatnever understood the risks and
sparked court feuds with banks whichsold them.
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Company oppose ban
on currency derivatives The biggest users of currency
derivatives like Infosys ,Wipro andEssar have told RBI that a blanket banon zero-cost derivatives would takeaway the flexibility in managing therisks arising out of fluctuations in
exchange rates.
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Ambuja lines up Rs 3,500cr to expand capacity to
24 mt. The countrys third-largest cement
maker, plans to spend around Rs 3,500
cr to expand its capacity to 24 milliontonnes (mt) from the current 19 mt byyear-end to meet strong demand fromthe infrastructure sector.
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Ambuja lines up Rs 3,500cr to expand capacity to
24 mt. Sold its entire 11.5% stake in ING
Vysya Life Insurance for Rs 190 crore.
The key drivers are expected to beinfrastructure development andhousing demand.Growth in ruralmarkets also remain robust.
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Ambuja lines up Rs 3,500cr to expand capacity to
24 mt.
With the economy expected to grow at
over 8%,analysts said cement demandis expected to grow at the rate of 10%in 2010.
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IPO COUNTER
CLOSED ON 22 FEB 2010
OVER- SUBSCRIPITION
IT will open on August 18, 2009.
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STOCK MARKETS
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WORLD MARKET
DOW JONES 10,402.35
NASDAQ 2,243.87
FTSE 100 5,368.35
NIKKEI 225 10,400.47
HANGSANG 20,337.25
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INDIAN MARKET
SENSEX 16,237.05
NIFFTY 4,856.40
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COMMODITY
GOLD 1120.20 Rs
SILVER 1640.00 Rs
CRUDE OIL 79.85 ($)
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CURRENCY
DOLLAR 46.20
EURO 67.87
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References
www.timesofindia.com
www.google.com
www.bseindia.com
www.bloomberg.com www.moneycontrol.com
www.nseindia.com
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Questions & Answers
Thank you