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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
Wednesday, Apr 09
15:00 FPC Statement 1
16:30 MBA Mortgage Applications 1 20.0% -1.6%
18:30 Fed's Kashkari speech 2
19:30 Wholesale Inventories 1 0.3% 0.3% 0.3%
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
22:00 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.31%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
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