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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
Saturday, Jun 07
01:00 CFTC S&P 500 NC Net Positions 1 $-69.4K $-53.0K
01:00 CFTC Gold NC Net Positions 1 $187.9K $174.2K
01:00 CFTC Oil NC Net Positions 1 168.0K 165.7K
01:00 CFTC GBP NC Net Positions 1 £35.2K £35.4K
01:00 CFTC AUD NC Net Positions 1 $-63.2K $-61.2K
15:10 BoE's Greene speech 2
Monday, Jun 09
24h Whit Monday 0
04:15 Manufacturing Sales 1 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 3-Month Bill Auction 1 4.25%
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