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  DAILY REPORTS
UltraTech plans Rs.12,000 cr capex (Jul 30)



Noel Tata appointed as managing director of Tata International (Jul 30)
It is now being speculated that he might be the next possible heir to the chair which is currently held by Ratan Tata, who will retire in the next two years.


Food inflation eases to 9.67%; fuel inflation up 14.29% (Jul 30)
(NEW DELHI) India's food inflation eased and fuel inflation notched up in mid-July.


SKS Microfinance launches IPO to raise US$354m (Jul 30)
(MUMBAI) An Indian company that makes tiny loans to villagers aims to raise up to US$354 million in an initial public offering, a move critics fear will encourage India's largest microfinance lender to put shareholders above the poor it serves.


UK, India set up CEO forum to boost trade (Jul 30)
(NEW DELHI) Britain's Prime Minister David Cameron and Indian Prime Minister Manmohan Singh announced the creation of a group of six business leaders who will promote trade between the two nations.


Noel Tata moves to a new role (Jul 29)
Resigns as Trent MD to become non-executive vice-chairman, appointed MD of Tata International.


Top RBI official turns loose cannon (Jul 29)
Central bank mandarins are almost always taciturn, mostly withdrawn, reticent, and at worst, measured with what they speak, as any unintentional slippage can wreak havoc in the financial markets.


Pranab rejects 3G refund plea (Jul 29)
Raja may now seek more subsidy for BSNL.


India: Southwest monsoon-2010 - Daily flood situation report 29 Jul 2010 (Jul 29)
Source: Government of India


India slips Myanmar a nudge and a wink (Jul 29)
Myanmar's Senior General Than Shwe rounded off a five-day visit to India on Thursday after securing pacts that will boost security and economic cooperation between the countries, while also receiving US$70 million in grants. The red carpet laid out for the junta's leader is a sign of Delhi's decision to quietly nudge Myanmar on issues of concern, while playing down sensitive issues such as restoration of democracy. - Sudha Ramachandran (Jul 29, '10)


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