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Wednesday, June 2, 2010

Reliance Comm: getting proposals to invest in equity

"The company evaluates such proposals, in line with the company's policy to constantly endeavour to enhance overall shareholder value," the No. 2 Indian telecoms firm said in a statement to the stock exchange.Earlier, a newspaper report said Abu Dhabi's Etisalat was in advanced talks to buy a quarter of Reliance Communications for 180 billion rupees ($3.8 billion).

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Sunday, Apr 27
24h IMF Meeting 2
Monday, Apr 28
11:30 Nationwide Housing Prices s.a (MoM) 1 0%
11:30 Nationwide Housing Prices n.s.a (YoY) 1 3.9%
20:00 Dallas Fed Manufacturing Business Index 1 -16.3
21:00 3-Month Bill Auction 1 4.225%
21:00 6-Month Bill Auction 1 4.05%
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