Market Buzz
- SBI waives service fee on SME loans.
- RIL has proposed to charge a $0.15 levy in lieu of marketing costs on the sale of gas produced from coal seams (CBM).
- Tata Power has said the flagship 4,000-MW Mundra UMPP couldbecome a “non-performing asset” if no decision is taken on increasing tariffs for electricity from the plant.
- NMDC Ltd, is scouting for mineral assets in Brazil, Mozambique, Russia, the United States and South Africa.
- Central Bank of India may go in for restructuring of some of itsloans given to power companies in the current quarter.
- Bhushan Steel has put its proposed Rs 20,000 cr. steel plant in West Bengal on hold.
- Fortis is investing 70 million Singaporean dollars (about Rs 274 cr.) in two colorectal centres in Singapore this year.
- Kingfisher Airlines Ltd has put on hold plans to join the global oneworld alliance.
- The government will finalise new royalty rates for major minerals other than coal, lignite and sand by August this year, which willboost its revenues significantly.
- Godrej Industries Q3 net up 40% at Rs 85 cr.
- U.S. jobless rate fell from 8.5% to 8.3%, the lowest it has been since February 2009.
- European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse.
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