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Tuesday, November 17, 2009

Hindalco Industries - Outcome of EGM

Hindalco Industries Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on November 17, 2009, have passed the Special Resolutions with regard to the following matters:

1. To issue further securities of the Company for the amount not exceeding Rs. 2900 Crores pursuant to the provisions of Section 81 (1A) of the Companies Act, 1956.

2. To increase in the limit of investment by Foreign Institutional investors (FIIs) from 24% to 40% in the Company's Equity Share Capital.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 26
18:00 Gross Domestic Product Price Index 2 3.8% 3.7% 3.7%
18:00 Continuing Jobless Claims 1 1.974M 1.950M 1.937M Revised from 1.945M
18:00 Initial Jobless Claims 4-week average 1 245.00K 245.75K Revised from 245.50K
18:00 Initial Jobless Claims 2 236K 245K 245K
18:00 Chicago Fed National Activity Index 1 -0.28 -0.25
18:30 Fed's Hammack speech 2
19:30 Pending Home Sales (MoM) 2 -0.3% -6.3%
19:30 Pending Home Sales (YoY) 1 -2.5%
20:00 EIA Natural Gas Storage Change 1 88B 95B
20:00 BoE's Lombardelli speech 2
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