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News headlines: Corporate
ONGC’s Rs130bn public issue is likely to be deferred to FY12. (ET)
Vodafone has alleged that its Indian joint venture partner, Essar
group may be involved in volition of insider trading regulations.
(BS)
Large creditors of Ssangyong Motors have approved the
acquisition of the company by M&M. (ET)
News headlines: Economic and political
The government is unlikely to make changes in the mandate of the
recently set up Financial Stability and Development Council. (ET)
Food inflation declined 1.39ppt WoW to 15.52% for the week
ended 8-Jan-11. (BS)
The government is planning to re-start its Technology Upgradation
Fund Scheme which would benefit the textile sector. (BL)
News headlines: Corporate
Aditya Birla Group is reportedly looking to acquire US based
carbon black manufacturer, Columbian Chemicals. (BS)
Amtek Auto has for formed a joint venture with South Korean
firm, Autech Corporation to manufacture vehicles for defence,
para-medical, fire fighting and waste management sectors. (ET)
Tata Global Beverages is planning to launch its non-carbonated
drink, Tion, in the state of Andhra Pradesh. (ET)
REC is planning to increase its market borrowings by 33% in FY12.
(FE)
Shoppers Stop posted a 20% YoY growth in same-store sales
during 3QFY11. (BS)
JSW Energy reported a 25% YoY decline in 3QFY11 PAT to
Rs1.5bn. (BS)
Biocon reported a 24% YoY rise in 3QFY11 PAT to Rs1bn. (BS)
Kotak Mahindra reported a 32% YoY rise in PAT to Rs1.9bn. (FE)
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
ONGC’s Rs130bn public issue is likely to be deferred to FY12. (ET)
Vodafone has alleged that its Indian joint venture partner, Essar
group may be involved in volition of insider trading regulations.
(BS)
Large creditors of Ssangyong Motors have approved the
acquisition of the company by M&M. (ET)
News headlines: Economic and political
The government is unlikely to make changes in the mandate of the
recently set up Financial Stability and Development Council. (ET)
Food inflation declined 1.39ppt WoW to 15.52% for the week
ended 8-Jan-11. (BS)
The government is planning to re-start its Technology Upgradation
Fund Scheme which would benefit the textile sector. (BL)
News headlines: Corporate
Aditya Birla Group is reportedly looking to acquire US based
carbon black manufacturer, Columbian Chemicals. (BS)
Amtek Auto has for formed a joint venture with South Korean
firm, Autech Corporation to manufacture vehicles for defence,
para-medical, fire fighting and waste management sectors. (ET)
Tata Global Beverages is planning to launch its non-carbonated
drink, Tion, in the state of Andhra Pradesh. (ET)
REC is planning to increase its market borrowings by 33% in FY12.
(FE)
Shoppers Stop posted a 20% YoY growth in same-store sales
during 3QFY11. (BS)
JSW Energy reported a 25% YoY decline in 3QFY11 PAT to
Rs1.5bn. (BS)
Biocon reported a 24% YoY rise in 3QFY11 PAT to Rs1bn. (BS)
Kotak Mahindra reported a 32% YoY rise in PAT to Rs1.9bn. (FE)
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