International News:
• Google said that it may leave China and shut down its strictly monitored site
there, Google.cn, citing censorship rules and a targeted cyber attack on its
network infrastructure.(Source: CNN Money)
• Google said Tuesday that it may leave China and shut down its strictly
monitored site there, Google.cn, citing censorship rules and a targeted cyber
attack on its network infrastructure. (Source: Bloomberg)
• The Standard & Poor’s 500 Index dropped for the first time this year while
European stocks fell the most in three weeks and Treasuries rose on concern
the economic recovery will slow as governments withdraw stimulus. (Source:
Bloomberg)
• Japan Airlines Corp., Asia’s biggest carrier, plunged by the daily trading limit
for a second day on concerns it will file for what may be the nation’s sixthlargest
bankruptcy. (Source: Bloomberg)
• The People’s Bank of China yesterday raised the proportion of deposits that
banks must set aside as reserves by 50 basis points starting Jan. 18. (Source:
Bloomberg)
Domestic news:
• The rupee closed at 45.71/72 against the dollar, a decline of 38 paise against
the dollar. (Source; BL)
• Industrial production grew at two-year high at 11.7% in the month of November
2009. (Source: ET)
• The Government may be able to control fiscal deficit below 5% levels in the
next financial year. (Source: ET)
• The Reserve Bank of India has expressed concern on banks offering home loans
with teaser rates or schemes where monthly instalments rise after the initial
years. (Source: ET)
• The Government will auction four 3G slots to private telecom operators, if the
communication ministry can solve the interference issues between the radio
frequencies held by MTNL/BSNL and the armed forces. (Source: ET)
• The Government announced incentives worth Rs.450 crore-500 crore for
exporters encouraging them aggressively market products in China and Japan.
(Source: ET)
• Cement prices are expected to firm up by Rs.3-5 per bag as demand picks up.
(Source: ET)
Corporate news:
• The Videocon Group, which is planning to invest Rs.1600 crore in an electronic
products manufacturing facility in Tamil Nadu, is also considering a solar power
project, according to an official press release. (Source: BL)
• Future Supply Chain Solutions, the logistics arm of Future Group, plans to
infuse Rs.500 crore over the next two years in developing infrastructure and
expanding its supply chain network. (Source: ET)
• Punj Lloyd has bagged an order worth Rs.947 crore from Orissa-based Ind-
Barath Energy for construction related works. (Source: ET)
• Shoppers Stop is looking to raise up to Rs.350 crore through qualified
institutional placement route by March 2011. (Source: ET)
• Uninor has got 1.2 million subscribers across eight telecom circles during the
first month of its operation. (Source: