Market News
India's current account deficit (CAD) narrowed to USD 8.2bn (1.6% of GDP) in the September 2015 quarter from USD 10.9bn (2.2% of GDP) in the year-ago quarter. However, CAD was up on a sequential basis from USD 6.2bn (1.2% of GDP) in the June 2015 quarter. Balance of Payments (BoP) was in the negative territory as there was a small drawdown of USD 900mn from reserves in the September quarter. In contrast, there was accretion of USD 6.9bn in 2014 September quarter.
Reliance Communications on Tuesday said it had entered into a 90-day non-binding exclusivity period with Maxis Communications Berhad and Sindya Securities and Investments, shareholders of Aircel, to consider potential combination of their Indian wireless business. Reliance Communications could, after the two mergers, become the country's second-largest telecom company by subscribers after Bharti Airtel.
The Chhattisgarh government has cancelled a no objection certificate (NoC) to UltraTech Cement for a limestone mine in Raipur district. has come under the scanner as the state government on Tuesday announced to cancel the granted to the company required to commission the operation.You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
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