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Wednesday, June 2, 2010

Hindujas plan up to $1 bn Saudi IPO of Petromin

Indian family-owned Hinduja Group plans to launch lubricants maker Petromin's initial public offering in Saudi Arabia to raise $800 million to $1 billion this year, group officials said on Wednesday.

The group also plans to build 10,000 megawatt of thermal power in India over five years, an official told reporters.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, May 13
21:00 52-Week Bill Auction 1 3.93% 3.82%
Wednesday, May 14
02:00 API Weekly Crude Oil Stock 1 4.287M -2.400M -4.490M
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -1.6%
04:15 Electronic Card Retail Sales (MoM) 1 0.0% -0.8%
04:15 Visitor Arrivals (YoY) 1 -8.4% 1.1%
07:00 Home Loans 1 2.2%
07:00 Investment Lending for Homes 1 -4.5%
07:00 Wage Price Index (QoQ) 2 0.8% 0.7%
07:00 Wage Price Index (YoY) 1 3.2% 3.2%
12:45 BoE's Breeden speech 2
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