Monday, June 14, 2010

1-Govt will divest 10% stake in both coal india ltd and hindustan copper in capital market via IPO of COAL India LTD and FPO of Hindustan copper.

IPO- Initial public offering

FPO- Follow-on public offer

2- America found huge amount of mineral resources in Afghanistan. Inital estimations are valuing these mineral resources at around One Trillion( 1000 billion) US dollar which is approximately equal to the size of India GDP.
This huge amount of mineral resources will provide great boost to Afghanistan's economy. Current size of Afghanistan GDP in 12 billion US dollar.

3-April industrial output (IIP) growth rate is 17.6% Year on year.

4- April manufacturing production rose 19.4%,Mining output was up 11.4% and power generation was 6%.

5- Fourth quarter FY 09-10 GDP growth rate was 8.6%.

6- Fiat will re-launch small car UNO in India.

7- Newly elected Japan P.M- NAOTO KAN

8- India's foreign secretary- Nirupama Rao

9- Comptroller and auditor general of India - Vinod Rai

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