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News Headlines
Subbarao Seeks Budget-Deficit Cut to Slow India's Inflation (Bloomberg
Finance LP)
India’s central bank urged the gov’t to cut subsidies that are preventing inflation from
easing as Gov. Duvvuri Subbarao increased interest rates for the 7th time in a year.
Banks see credit growth easing by end-March (Reuters)
Indian banks expect credit growth to taper off by March-end on high base effect, and
are pinning their hopes on higher deposit growth to meet robust loan demand.
Asset imbalance: RBI to get banks in line (BS)
The Reserve Bank of India on Tuesday raised concern over the widening gap
between credit and deposit growth rates. It said it would prevail upon banks with an
abnormal incremental credit-deposit ratio to ensure a balance.
Graft-ridden govt opens campaign against 'black money' (Reuters)
The government announced a slew of measures, including stronger disclosure pacts
with foreign countries, to curb tax crimes potentially worth about $1 trillion.
Producers to raise biodiesel exports on global price rally (BS)
After a 20 per cent rally in crude oil prices from November, biodiesel prices have also
started rising globally. Biodiesel prices in Europe rose over 15 per cent.
Indian IT sector eyes global automobile market (BS)
In-car connectivity demands and technology for interaction open various possibilities.
India’s sunshine sector, the information technology (IT) industry.
Dec refinery output rises y/y after 4 mths (Reuters)
Domestic refiners processed 3.48 million barrels per day oil in December, 8.3 percent
more than a year ago, despite softening refining margins for the month as refiners
stepped up runs to meet growing local fuel demand.
Indian cos to build Indonesia airports, power plants (Reuters)
India and Indonesia signed $15.1-billion trade deals. GVK Power & Infrastructure will
invest $3-5 billion to build int’l airports. Steel Authority of India will set up a plant.
UltraTech net drops 36% (BS)
Rising input costs and lower realisation have dented profits of UltraTech Cement. The
company, which saw merger of Grasim’s cement assets into it.
IDBI Oct-Dec net up 58 pct, NIM at 2.28 pct (Reuters)
Public-sector lender IDBI Bank said it posted a 58% rise in net profit in Oct-Dec at 4.5
billion rupees. Net interest income rose 68 percent to 12.04 billion rupees.
Maruti crosses one million sales mark in 10 months of FY-2011 (ET)
Maruti Suzuki has already crossed the milestone in just ten months this financial year.
Besides, Suzuki Motor is taking cost-effective car models conceived by its Indian
subsidiary to its home market Japan.
Sebi seeks fresh clarifications on Vedanta-Cairn deal (ET)
The Securities and Exchange Board of India (Sebi) has sought fresh clarifications on
the proposed USD 9.6 billion Vedanta-Cairn deal, which has already been awaiting
clearance from the market regulator for about six months now.
Bharat Forge-Alstom JV to start ops in 2013 (Reuters)
Bharat Forge, the world's second largest forgings maker, expects its joint venture
with France's Alstom to start production in 2013.
SAIL to set up steel plant in Indonesia (BS)
State-run SAIL will set up a 3-million tonne per annum (MPTA) plant in Central
Kalimantan province, Indonesia, with a likely investment of up to Rs 15,000 crore. It
will also set up a mineral processing facility, a source privy to the development said.
Cairn India's Rajasthan oil output schedule may be hit (BL)
Cairn India's Rajasthan oil prod. schedules are likely to be hampered due to key
decisions hanging fire. Caught in the crossfire b/w the Gov’t and Cairn Energy plc.
Srei Infra net falls 9% (BL)
Srei Infrastructure Finance Ltd has registered a close to nine per cent decline in net
profit and a 27 per cent increase in total income during the third quarter of this fiscal
compared to the corresponding period of 2009-10.
Indiabulls plans to expand, raise headcount (BL)
Indiabulls Financial Services plans to increase its number of branches by 10% from
the existing 156 in FY12.
IMF ups world growth forecast, maintains India projection (Reuters)
The International Monetary Fund said the global economy would likely expand 4.4
percent this year, a touch higher than the 4.2 percent it forecast in October. IMF
retained its growth forecast for India at 8.4 per cent for the calendar year 2011.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Subbarao Seeks Budget-Deficit Cut to Slow India's Inflation (Bloomberg
Finance LP)
India’s central bank urged the gov’t to cut subsidies that are preventing inflation from
easing as Gov. Duvvuri Subbarao increased interest rates for the 7th time in a year.
Banks see credit growth easing by end-March (Reuters)
Indian banks expect credit growth to taper off by March-end on high base effect, and
are pinning their hopes on higher deposit growth to meet robust loan demand.
Asset imbalance: RBI to get banks in line (BS)
The Reserve Bank of India on Tuesday raised concern over the widening gap
between credit and deposit growth rates. It said it would prevail upon banks with an
abnormal incremental credit-deposit ratio to ensure a balance.
Graft-ridden govt opens campaign against 'black money' (Reuters)
The government announced a slew of measures, including stronger disclosure pacts
with foreign countries, to curb tax crimes potentially worth about $1 trillion.
Producers to raise biodiesel exports on global price rally (BS)
After a 20 per cent rally in crude oil prices from November, biodiesel prices have also
started rising globally. Biodiesel prices in Europe rose over 15 per cent.
Indian IT sector eyes global automobile market (BS)
In-car connectivity demands and technology for interaction open various possibilities.
India’s sunshine sector, the information technology (IT) industry.
Dec refinery output rises y/y after 4 mths (Reuters)
Domestic refiners processed 3.48 million barrels per day oil in December, 8.3 percent
more than a year ago, despite softening refining margins for the month as refiners
stepped up runs to meet growing local fuel demand.
Indian cos to build Indonesia airports, power plants (Reuters)
India and Indonesia signed $15.1-billion trade deals. GVK Power & Infrastructure will
invest $3-5 billion to build int’l airports. Steel Authority of India will set up a plant.
UltraTech net drops 36% (BS)
Rising input costs and lower realisation have dented profits of UltraTech Cement. The
company, which saw merger of Grasim’s cement assets into it.
IDBI Oct-Dec net up 58 pct, NIM at 2.28 pct (Reuters)
Public-sector lender IDBI Bank said it posted a 58% rise in net profit in Oct-Dec at 4.5
billion rupees. Net interest income rose 68 percent to 12.04 billion rupees.
Maruti crosses one million sales mark in 10 months of FY-2011 (ET)
Maruti Suzuki has already crossed the milestone in just ten months this financial year.
Besides, Suzuki Motor is taking cost-effective car models conceived by its Indian
subsidiary to its home market Japan.
Sebi seeks fresh clarifications on Vedanta-Cairn deal (ET)
The Securities and Exchange Board of India (Sebi) has sought fresh clarifications on
the proposed USD 9.6 billion Vedanta-Cairn deal, which has already been awaiting
clearance from the market regulator for about six months now.
Bharat Forge-Alstom JV to start ops in 2013 (Reuters)
Bharat Forge, the world's second largest forgings maker, expects its joint venture
with France's Alstom to start production in 2013.
SAIL to set up steel plant in Indonesia (BS)
State-run SAIL will set up a 3-million tonne per annum (MPTA) plant in Central
Kalimantan province, Indonesia, with a likely investment of up to Rs 15,000 crore. It
will also set up a mineral processing facility, a source privy to the development said.
Cairn India's Rajasthan oil output schedule may be hit (BL)
Cairn India's Rajasthan oil prod. schedules are likely to be hampered due to key
decisions hanging fire. Caught in the crossfire b/w the Gov’t and Cairn Energy plc.
Srei Infra net falls 9% (BL)
Srei Infrastructure Finance Ltd has registered a close to nine per cent decline in net
profit and a 27 per cent increase in total income during the third quarter of this fiscal
compared to the corresponding period of 2009-10.
Indiabulls plans to expand, raise headcount (BL)
Indiabulls Financial Services plans to increase its number of branches by 10% from
the existing 156 in FY12.
IMF ups world growth forecast, maintains India projection (Reuters)
The International Monetary Fund said the global economy would likely expand 4.4
percent this year, a touch higher than the 4.2 percent it forecast in October. IMF
retained its growth forecast for India at 8.4 per cent for the calendar year 2011.
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