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Wednesday, June 9, 2010

Bajaj Finserv: not in talks with Berkshire for stake sale

"We are not in talks with Berkshire for stake sale, nor aware of any plans by them to invest into our company," a company spokesman told Reuters.

Indian financial news portal vcircle.com reported that Berkshire may pick up about 5 to 10 percent in Bajaj Finserv, the holding company of insurance entities Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, from the open market.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 17
19:30 Business Inventories 1 0.0% 0.0% 0.1%
n/a GDT Price Index 1 -1.6%
22:30 5-year TIPS Auction 1 1.650% 1.702%
Wednesday, Jun 18
02:00 API Weekly Crude Oil Stock 1 -10.133M -0.600M -0.370M
02:30 Westpac Consumer Survey 2 91.2 89.2
04:15 Current Account - GDP Ratio 1 -6.2%
04:15 Current Account (QoQ) 1 $-2.200B $-7.037B
06:30 Westpac Leading Index (MoM) 1 -0.01%
11:30 Retail Price Index (MoM) 2 1.7%
11:30 Retail Price Index (YoY) 2 4.3% 4.5%
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