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Tuesday, September 30, 2008

India's Reliance Comm expects capex to fall next Fiscal

India's Reliance Comm expects capex to fall next Fiscal-- September 30, 2008
Reliance Communications Ltd, India's second-biggest mobile operator, expects its capital expenditure to decline starting the fiscal year 2009/10, its chairman Anil Ambani said on Tuesday.
Reliance Communications is spending a total of 500 billion rupees ($10.7 billion) in the fiscal year ended March 2008 and in the current year to build its network. ($1=46.9 rupees) (Reporting by Rina Chandran)

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 15
18:00 NY Empire State Manufacturing Index 2 -8.1 -14.5 -20.0
18:00 Manufacturing Sales (MoM) 1 0.2% -0.2% 1.6% Revised from 1.7%
18:25 Redbook Index (YoY) 1 6.6% 7.2%
n/a GDT Price Index 1 1.1%
21:00 52-Week Bill Auction 1 3.820% 3.945%
Wednesday, Apr 16
02:00 API Weekly Crude Oil Stock 1 -1.680M -1.057M
04:40 Fed's Cook speech 2
06:30 Westpac Leading Index (MoM) 1 0.06%
11:30 Retail Price Index (MoM) 2 0.0% 0.6%
11:30 Retail Price Index (YoY) 2 3.2% 3.4%
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