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Thursday, February 5, 2009

BHEL drops acquisition plans

BHEL has reportedly dropped acquisition plans of an East European firm that make coaches and engines for its technology.

Meanwhile, reports also stated that the company is close to bag an order worth Rs8bn from the Indian Railways for manufacturing 150 electric locomotives

This deal would be done independently of the company's arrangement with General Electric Co.(GE). The deal is expected to be announced next month, added reports.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
24h Whit Monday 0
04:15 Manufacturing Sales 1 2.4% 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 6-Month Bill Auction 1 4.15%
21:00 3-Month Bill Auction 1 4.25%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 2.2%
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