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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
Friday, Jul 04
24h Independence Day 0
12:30 Unemployment Rate s.a (MoM) 1 2.9% 2.8% Revised from 2.9%
14:00 S&P Global Construction PMI 1 48.8 48.5 47.9
20:30 BoE's Taylor speech 2
Saturday, Jul 05
13:30 OPEC Meeting 2
21:15 BoE's Governor Bailey speech 3
Monday, Jul 07
07:00 ANZ Job Advertisements 1 -1.2%
11:30 Halifax House Prices (MoM) 1 -0.1% -0.4%
11:30 Halifax House Prices (YoY/3m) 1 2.5%
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