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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
Monday, Jun 02
04:30 S&P Global Manufacturing PMI 1 51.7 51.7
06:30 TD-MI Inflation Gauge (MoM) 1 0.6%
06:30 TD-MI Inflation Gauge (YoY) 2 3.3%
07:00 ANZ Job Advertisements 1 0.5%
11:30 Nationwide Housing Prices n.s.a (YoY) 1 3.4%
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