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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
Wednesday, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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