A Markets round up before the Happy thursdays report
Wednesday, June 22, 2011
No eGoM for Diesel, Urea
Diesel and Kerosene producers as wel s Urea makers hoping for a reduction in the retail subsidy on the products will likely be disappointed for 4-6 weeks as the government puts its house in order.
Banks consolidate, but for a coming downturn
Meanwhile banks seemingly will survive AMJ without much loss of business from the rate hiles but Credit projections have been corrected downward by SBI's new Chairman Prateek Chaudhuri tp 16-19% for the year.
Tata says the gorup is together in financial difficulties?
CLSA has in the meantime downgraded all the Tata scrips together, Titan and TCS losing favour
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