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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, Jul 14
04:00 Business NZ PSI 2 47.3 44.1 Revised from 44.0
04:15 Electronic Card Retail Sales (MoM) 1 0.5% -0.1% Revised from -0.2%
04:15 Electronic Card Retail Sales (YoY) 1 -0.4% -0.1% Revised from 0.9%
12:00 Producer and Import Prices (MoM) 1 0.2% -0.5%
12:00 Producer and Import Prices (YoY) 1 -0.7%
18:00 Wholesale Sales (MoM) 1 -0.4% -2.3%
21:00 3-Month Bill Auction 1 4.255%
21:00 6-Month Bill Auction 1 4.145%
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