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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