India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Corporate Front Page:
- Bharat Petroleum Corporation Ltd has hiked petrol price by Rs2.95 a litre. (FE)
- Shareholders of Vedanta Resources have approved the proposed acquisition of Cairn India for up to US$9.6bn. (ET)
- The Ministry of Power has allowed NTPC Ltd to sell 15% of electricity from its Korba and Farakka stations (500MW each) in the merchant power market. (BL)
- NTPC aims to add 5,500 megawatts (MW) of capacity in the next financial year. (ET)
- JSW Group plans to spend US$60mn-US$100mn to develop a port project in Chile. (FE)
- TCS bags US$100mn deal from Deutsche Bank to implement core banking software across 30 countries. (ET)
- Reliance Communication plans to borrow US$1.9bn from China Development Bank. (ET)
- Bajaj Auto announced that it will raise prices by Rs1,000 for its motorcycles . (ET)
- Reliance Power will finalise loans of Rs50bn with Chinese banks for its 4,000MW Sasan power project during the visit of the Chinese Premier Wen Jiabao on Wednesday. (ET)
- The board of Power Grid Corporation has approved investing Rs55.4bn on five projects across the country. (BL)
- NCC Infra, a wholly-owned subsidiary of Nagarjuna Construction, is planning to rope in foreign partners to carry out large road projects worth over Rs100bn this financial year. (ET)
- Consolidated Construction Consortium has emerged the lowest bidder for constructing the St. Thomas Mount Station for the Chennai Metro Rail project. (BL)
- Punjab National Bank has announced the completion of acquisition of 63.64% stake in JSC Dana Bank of Kazakhstan. (BL)
- British Telecom on Tuesday completed the sale of 5.5% stake in Tech Mahindra for Rs4.5bn. (ET)
- The environment ministry refused to lift its “stop-work” order on HCC’s Lavasa Hill City project. (FE)
- Eveready Industries has increased the prices of some of its products by upto 9% due to high input cost. (ET)
- Bajaj Hindusthan signed a MoU with the Orissa state government for setting up a 1,980-Mw thermal power plant at Bargarh in Chitrakoot district. (BS)
- Apollo Hospitals Enterprise is planning to invest around Rs500mn in setting up Apollo Cosmetic Clinics in various parts of the country. (BS)
- Kalpataru Power Transmission won three orders worth Rs6bn in India and the Democratic Republic of Congo. (ET)
- Neyveli Lignite is scouting for a joint venture partner to acquire coal blocks abroad. (ET)
- Nitesh Estates plans to raise Rs1.5bn debt in the near future to fund its retail project in the city. (BS)
Economy Front Page:
- China and India are likely to sign deals upwards of US$20bn primarily in the power, telecom, steel & metallurgy, wind energy, chemicals, food and marine products sectors with the arrival of Chinese premier Wen Jiabao in Delhi today. (BS)
- Inflation declined to 7.48% in November. (FE)
- Indirect tax collection has registered a growth of 50.1% till November 2010 over the corresponding period last fiscal. (ET)
- Engineering exports jumped by about 55% to US$3.95bn in November 2010. (ET)
- India and Turkmenistan will negotiate a price for natural gas supply from central Asia through the proposed US$7.6bn transnational pipeline in February during oil minister Bayramgeldi Nedirov's New Delhi visit. (ET)
No comments:
Post a Comment