Headlines : 20 March 2009
• Suzlon Energy is exploring ways to raise finance, including private equity placement, for funding its operations and growth plans. (BS)
• KEC International had bagged two orders worth Rs. 2.91 bn from Power Grid Corporation of India. (BS)
• Areva T&D has bagged the first private sector ultra high voltage generator transformers order from Lanco Infratech valued at over Eur 33 mn. (ET)
Economic and Political Headline
• Inflation drastically fell to a two-decade low of 0.44% in the first week of March as food and fuel items turned cheaper. (BS)
• The US auto suppliers will get as much as USD 5 bn in the US Treasury aid to avoid a collapse that would cripple the domestic industry, including federally funded General Motors Corp. and Chrysler LLC. (Bloomberg)
• Britain had a USD 12.8 bn budget deficit in February, the largest for the month since 1993, as the recession slashed tax receipts and the highest unemployment in a decade drove up spending. (Bloomberg)








Leave your response!