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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
Wednesday, May 14
16:30 MBA Mortgage Applications 1 1.1% 11.0%
17:30 OPEC Monthly Market Report 1
18:00 Building Permits (MoM) 1 -4.1% -0.5% 4.9% Revised from 2.9%
18:40 Fed's Jefferson speech 2
20:00 EIA Crude Oil Stocks Change 1 3.454M -1.000M -2.032M
Thursday, May 15
03:10 Fed's Daly speech 2
04:15 Food Price Index (MoM) 1 0.5%
06:30 Consumer Inflation Expectations 2 4.2%
07:00 Unemployment Rate s.a. 3 4.1% 4.1%
07:00 Participation Rate 2 66.8% 66.8%
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