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Tamil Nadu Newsprint & Papers Ltd.

Tamil Nadu Newsprint & Papers Ltd. (TNPL), promoted by the Government of Tamil Nadu in 1979, is into production of business stationary, classical writing, computer stationary, newsprint, premium printing, quality printing. TNPL has the largest bagasse-based plant in the world and a mill with the largest production capacity in India with an installed capacity of 2,45,000 tons per annum. It is the market leader in...

Dawn of Nov21′2008:

INR Record Low , Gsecs 3Y High , Stocks near 3Y Low, OIL slips, US-Worst Jobs data in 16 years , Global markets tumble, US Stocks 10Y Low, Aluminum 3Y Low, Projects Stalled RUPEE Ø The Indian INR slumped to a record low on Thursday, but heavy selling of USDs by state-run banks probably on behalf of the RBI helped the unit crawl off the trough at close. Traders estimated the state banks sold up to $1.5...

Dawn of 20th Nov 08

RUPEE 50.50, INR Liquidity no USD, Gsec trading in favour, Global Auto Crisis now , Fed says DEFLATION, ALuminium 3Y low, Stocks Slide, PFRDA comes of age RUPEE Ø STOP PRESS : INR opened at a record low of 50.50 per USD on Thursday as a sharp fall in Asian share prices raised worries of FII selling. INR at was at 50.45/47 per USD. Its previous record low was 50.29, which was hit in late October. It had...

Dawn of 19th Nov 08

Rupee near 50 , Liquidity Returns , Stocks 15% down in 5 sessions, Govt helps steel, OIL SLIPS , HP boosts morale, CDS in India , NBFCs, HFCs in favour, Global car makers postpone launch RUPEE Ø INR opened lower on Wednesday, as weaker Asian equities raised concerns of FII withdrawals from the local stock market. INR at 49.80 after opening at 49.73. It had ended at 49.66/67 on Tuesday. The INR had hit a...

The Crisis…

In March investors across the world were worried that the financial system had all collapsed. Analysts were predicting huge losses in sub prime crisis. Now within five after, everyone is cool. Stockmarkets have stabilised and corporate credit spreads (the excess interest rates paid by risky borrowers) have come down sharply. Gold and silver are cheap. Bankers talk about having put the worst behind them. After 2%,...

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