Headlines for the day

Corporate News Headline

TCS received a multi-million dollar contract from Singapore Airlines Cargo for a five-year period. (ET)
BHEL bagged order worth Rs. 1.4 bn for supplying two gas turbine generating units of 42 MW each to International Energy Resources, a UAE-based. (BS) SAIL would set up a Steel Processing Unit in Gwalior at an investment of Rs. 830 mn to meet the rising demand of the the product. (ET)

Economic and Political Headline

The steel exports fell 25% to 2.75 MT in the first four months of the fiscal year that began in April after the government imposed a tax on overseas sales in May. (ET) The Prime Minister Manmohan Singh said that the Eleventh Five-Year Plan was basically a knowledge investment plan and the government´s effort has been to create the next big wave of investment in higher education. (BS) The US Consumer confidence index rose to 56.9 from 51.9 in July as cheaper gasoline improved Americans´ moods and National Home Price Index posted a record 15.4% decline in home prices in the second quarter from a year earlier. (Bloomberg)