21 January 2011

Deutsche Bank : News Headlines -21 January 2011

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


News Headlines 
Food inflation eases but RBI actions seen (Reuters)
Food inflation eased for the second straight week in January, tracking lower fruit and
vegetable prices. The food price index rose 15.52 percent and the fuel price index
climbed 11.53 percent in the year to Jan. 8.

Govt targeting FDI of $250 b in 5 years: Sharma (BL)
The Government is targeting a foreign direct investment inflow of $250 billion in the
next five years, the Commerce and Industry Minister said on Thursday.
New oil min Reddy says no to diesel price hike for now (Reuters)
The government is not currently looking at an increase in diesel prices, newlyappointed Oil Minister S. Jaipal Reddy said on Thursday, continuing the delay in
deregulation as the government focuses on taming inflation.
Revolutionary changes ahead for coal reforms: Jaiswal (BS)
New Coal Minister Sriprakash Jaiswal promised bringing about revolutionary changes
aimed at fast-tracking the coal reforms process. This includes setting up a coal
regulator and kick-starting the process of competitive bidding of coal blocks.
Karnataka iron ore export decision put off again (Reuters)
The Supreme Court has put back to mid-February a decision on lifting a ban on iron
ore exports from Karnataka and asked the state to draw up new rules for when the
current ban expires at end-Jan, lawyers said on Thursday.
Verma to push stuck steel projects (BS)
New Steel Minister Beni Prasad Verma said he would leave no stone unturned to
kick-start the pending steel projects. 222 project proposals are in hiatus due to issues
concerning land allocation, environment problems and licensing issues.
Indonesia says to sign $15 bln economic partnership with India (Reuters)
Indonesia and India will sign an economic partnership deal worth $15 billion,
Indonesian chief economic minister Hatta Rajasa said.
Vodafone asks regulator to probe Essar unit stock rise (Reuters)
Vodafone has asked Securities and Exchange Board of India (SEBI) to probe the
sudden price movement in shares of India Securities after the British telecom
operator objected to a merger between ISL and Essar Telecommunications Holdings.
AV Birla set to buy US firm for $900 mn (BS)
The Aditya Birla Group appears set to  acquire US carbon black manufacturer
Columbian Chemicals. According to two independent sources, a deal is expected to
be announced next week. The size of the deal is expected to be around $900 million.
Restoring lost glory of Air India top priority: Ravi (BS)
New Civil Aviation Minister Vayalar Ravi said making government carrier Air India a
profitable business enterprise again would be his foremost priority.
ISE set for equity trading by April (BS)
Navi Mumbai-based Inter-connected Stock Exchange (ISE) is confident of launching
cash equity trading in a couple of months.
NCDEX to relaunch PVC contracts after 4 years (BS)
From a sellers market, one of the polymer segment - the PVC is slowly graduating to
becoming a buyers’ one. Taking this opportunity, the National Commodity and
Derivatives Exchange has decided to relaunch futures contracts on PVC.
PowerGrid Corporation bags 1,600cr Jharkhand project (ET)
The country's largest transmission utility , PowerGrid Corporation of India, has won a
Rs 1,600-crore project to develop the transmission system of Jharkhand.
Punj Lloyd wins Rs 645-cr deals (BL)
EPC player Punj Lloyd Group announced it has bagged three oil and gas contracts in
India, Oman and Indonesia, totalling Rs 645 crore.
U.S. Indicators Show Expansion Gaining Momentum (Bloomberg Finance LP)
Sales of previously owned U.S. homes and the index of leading indicators exceeded
forecasts, signs the expansion is gaining momentum at the start of 2011.
China's sizzling end to 2010 calls for tighter policy (Reuters)
China's annual gross domestic product growth sped up in the fourth quarter to 9.8
percent from 9.6 percent in the third quarter. Consumer prices in December rose 4.6
percent from a year earlier, slowing from a 28-month high of 5.1 percent.
EU struggles to keep lid on Greek debt buyback talk (Reuters)
Greece and euro zone paymaster Germany tried to fend off talk on Thursday that
Athens needed help with debt repayments via a buyback with European funding

No comments:

Post a Comment