China has secretly increasing its gold reserves China has reported that it has been secretly increasing its gold reserves. It was able to keep it secret by buying domestically produced metal, almost doubling the amount of gold it holds to more than 1,000 tons.

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Arcelor Mittal, the world’s largest steelmaker said it’s revenu fell to $15.1bn in the three months to 31 March, from $29.8bn a year ago. As a result, the firm reported a quarterly loss of $1.06bn. The company revealed its intention to raise cash of $3.00 billion to reduce its debts and strengthen its balance sheet.

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Bharti Airtel dividend Bharti Airtel Ltd has announced final dividend of Rs 2 per equity share of Rs 10 each i.e. 20% for financial year 08-09. This is the first time Bharti Airtel has announced any dividend. Also it’s share will be split into two shares of Rs5 paid up on future book closure date.

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Exdon Trading Company Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 25, 2009, inter alia, to transact the following business: 1. To increase the authorized share capital of the Company from Rs 75,00,000 (Rupees Seventy Five Lakhs) divided in to 7,50,000

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Carborundum Universal Ltd has announced a dividend of Rs 2/- per equity share (on a face value of Rs 2/-) for the year. it’s a 100% dividend on Rs2 face value

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