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Friday, May 29, 2009

Anil talks business with fund managers

Anil Ambani held his annual meeting with domestic fund managers in a plush hotel in Mumbai. In the meeting, he is believed to have discussed about the existing business conditions and some broader growth targets of his various businesses.

According to fund managers, Mr Ambani is bullish on the economy’s prospects and painted a sanguine outlook on his businesses, especially telecom. They said no ‘tough questions’ were asked by any of the participants in the meeting. Some of the star chief investment officers were conspicuous by their absence.
Contributed by Nishanth Vasudevan .

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 20
11:30 Public Sector Net Borrowing 1 £17.686B £20.052B Revised from £20.155B
11:30 Retail Sales (YoY) 2 -1.3% 1.7% 5.0%
11:30 Retail Sales (MoM) 3 -2.7% -0.5% 1.3% Revised from 1.2%
11:30 Retail Sales ex-Fuel (YoY) 2 -1.3% 1.8% 5.2% Revised from 5.3%
11:30 Retail Sales ex-Fuel (MoM) 2 -2.8% -0.5% 1.4% Revised from 1.3%
18:00 Philadelphia Fed Manufacturing Survey 2 -1 -4
18:00 Industrial Product Price (MoM) 1 0.0% -0.8%
18:00 Raw Material Price Index 1 -0.8% -3.0%
18:00 New Housing Price Index (MoM) 1 -0.2% -0.4%
18:00 New Housing Price Index (YoY) 1 -0.6%
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