15 September 2008

Mkt,Biz Headlines

Stocks end sharply lower
Reliance ADAG eyes steel foray; lines up Rs 40,000 cr for Jharkhand plant
BoA sees India growth opportunities
Thousands lose jobs in UK as Lehman Brothers collapses
Rupee hits 2-year lows as stocks fall weighs

Satyam Computers to axe 4,500 employees
Financial turmoil: AIG looks at liquidating assets
Rel Infra eyes share in PSU projects
Oil prices plunge to $92.11 a barrel
AIG shares fall 52 pc, debt costs jump

India Inc's crorepati directors' list gets bigger
Lehman-invested Indian firms lose over Rs 2,000 cr
PowerGrid to buy 26% in IL&FS power SPV
Dr Reddy's eyes brand buys in US
Reliance Comm adds 1.75 mn users in Aug

Sensex forms bearish head and shoulder pattern
Merrill Lynch reiterats its 'underperform' rating on M&M
BNP Paribas assigns 'reduce' rating to Reliance Power
Edelweiss maintains 'accumulate' rating on Amtek Auto

HSBC assigns 'overweight' rating to Dabur India
Citigroup recommends 'buy' on Everest Kanto Cylinder
Morgan Stanley downgrads Arvind to 'equal-weight'
PINC puts buy on Cosmo Films; target Rs 125

Rupee ends at 45.95/96
Lehman to file for bankruptcy; BankAm buys Merrill
Maha govt asks Reliance to increase compensation package
Post-waiver, power output at N-plants may double

Sensex down 469 points on heavy sell-off
Lehman to file for bankruptcy, subsidiaries kept out
Bank of America to buy Merrill Lynch
Inflation to come down to 10% by December: Rangarajan
Emami sweetens open offer for Zandu
Bharti Airtel to foray into IT

Source: ET,BL,BS etc

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