NTN 15-6-2007

Mint

14-6-2007 Bse sensex - 14003.03 -0.91%
15-6-2007 14203.72 +1.43%


Mint 15-6-2007

Page 4

Crisil downgraded Hindalco Ltd. bonds by one notch from AAA to AA over debt for Novelis deal. Crisil also downgraded Tata Steel to AA+ from AAA following Corus acquisition.


ET 14-6-2007 Page 20

Global liquidity worries weight heavily on market

China and India have seen net $4.5 billion (China $3.1 billion and India 1.3 $Bi) outflow so far this year. This is in contrast to inflow of $3.67 billion into China and $1.38 billion into India ytd of 2006. What is its impact going to be?

Et 15-6-2007 Page 4

GM India eyes 20% of small car market by '10
Enthused by the encouraging response to its recently small car Chevrolet Spark, GM ndia on thursday said it has set a target to capture 15-20% of the domestic small car market by 2010. The small car segment accounts for nearly two-third of passenger vehicle sales in India with about 7-8 lakh units old in thes egment each year. It is growing at a rate of 15-18% per annum.


ET 15-6-2007 Page 5

Ernst & Young's latest report on telecom says India's telecom sector will see investments up to $25 billion over the next five years. (A recent study by telecom regulator TRAI has estimated that the country will need about 350,000 telecom towers by 2010, when compared to 125,000 at present).

NTN(Sa) 8-6-2007 ET Biotech

ET 8-6-07 Page 5

Indian Biotech industry has crossed the $2 billion mark in revenues by clocking Rs. 8,300 in 2006-07. With over 30% growth vis-a-vis 2005-06 figure of $1.45 billion, the sunshine industry looks on track to achieve the $5 billion target set for 2010.

Source cited: ABLE (Associaton of Biotechnlogy-Led Entrepreneurs) - Biospectrum survey

NTN(SI) ET 5-6-2007

The Economic Times 5-6-2007 Page 30

Economies on a roll; set to beat forecasts for a sixth year

Worldwide growth looks set to outstrip forecasts for a sixth straight year in a row.

JP Morgan Chase's global interest-rate indicator, stands at 4.67%, below the 7.02% peak in November 2000,before worldwide growth slowed by almost half.

Sinai (who is Sinai not mentioned in the news item) expects worldwide growth above 5% this year, faster than the IMF's 4.9% April projection. If Sinai is right, 2007 would be the sixth straight year that the IMF's spring forecast proved too conservative.

News to Note (NTN) 4th June 2007

Mint Page 15

Goldman Sachs India Financial Conditions Index

I asked a question on this in the final examination paper.

According to the Goldman Sachs India Financial conditions Index (GS India - FCI) which was launched in April, financial conditions in the country "tightened" by 40 basis points or 0.4% in April 07.