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News Headlines
BP, Reliance Ind in $7.2-b oil, gas alliance (BL)
British oil major BP is set to vastly expand its presence in India in a partnership with
Reliance Industries Ltd worth up to $20 billion.
India FY11 fiscal deficit seen at 5.2 pct of GDP (Reuters)
India's fiscal deficit in the fiscal year to end-March is seen at 5.2 percent of the gross
domestic produce, C. Rangarajan, the prime minister's top economic adviser said on
Monday, an estimate below the budgeted 5.5 percent of GDP.
India 2010/11 exports seen at $230.3 bln (Reuters)
Indian exports in the fiscal year to end-March are seen at $230.3 billion, and would
rise to $271.9 billion in the next year, C. Rangarajan, the chairman of the Prime
Minister's Economic Advisory Council, said on Monday.
FIIs net sellers of Rs 245 cr in cash mkt today (BS)
Foreign institutional investors (FIIs) were net sellers of Rs 245.42 crore (provisional)
today, according to data released by BSE. While FIIs made gross purchases of Rs
2,006.78 crore, gross sales totalled Rs 2,252.20 crore.
Proposed economic reforms on the cards (Reuters)
The government must maintain the momentum for reforms to continue on its path of
high economic growth, President Pratibha Patil said in a prepared address as she
opened the new session of parliament on Monday.
Govt to wait for lower inflation to free diesel prices (Reuters)
The gov’t could free diesel prices once inflation eases to 6 percent, C. Rangarajan,
the prime minister's top economic adviser said on Monday, highlighting the fine
balance it must strike between improving public finances and political expediency.
Industrial growth at 8.1 pct in FY11 (Reuters)
India's industrial sector is likely to grow at 8.1 percent in the fiscal year to end-March,
quickening to 9.2 percent in the following year, C. Rangarajan, chairman of the Prime
Minister's Economic Adivisory Council, said on Monday.
21% rise in domestic air traffic in Jan 2011 (BS)
Dom. air traffic rose by almost 21% in January over the same period last year, with
Jet Airways and its sub. JetLite jointly flying about 1/4 of the passengers last month.
Sugar Output in India to Climb on ‘Heavy Planting’, Group Says (Bloomberg
Finance LP)
Sugar output in India, the world’s second-biggest producer, may climb next year as
farmers expand crop area to benefit from high prices, a millers’ group said.
SAIL to invest $12 bln in 4 overseas plants (Reuters)
SAIL will spend $12 billion to build four overseas plants, mostly funded through debt,
as India's biggest domestic producer sets its sights on expansion.
SKIL Infra plans 10-bln-rupee IPO (Reuters)
SKIL Infrastructure plans to raise 10 billion rupees through an initial public offering
and will file the draft prospectus with the regulator in four weeks.
8 more Coal India projects get green signal (BS)
The Ministry of Environment and Forests has cleared seven to eight more projects of
Coal India (CIL) that have been stranded for about a year.
Aditya Birla Financial Services Q3 net profit at Rs 151 crore (ET)
Aditya Birla Financial Services today reported a net profit of Rs 151 crore for the
quarter ended December 31, 2010. The company had reported a net loss of Rs 119
crore for the corresponding October-December period last year.
Goodyear India FY10 net up 2.35 pc to Rs 74.81 cr (ET)
Goodyear India said its net profit rose by 2.35 per cent to Rs 74.81 crore for the year
ended December 31, 2010. The co. had posted a net profit of Rs 73.09 crore in the
previous fiscal, Goodyear India said in a filing to the Bombay Stock Exchange (BSE).
Allahabad Bank to raise BPLR Feb 24 (Reuters)
Allahabad Bank said on Monday it will increase its benchmark prime lending rate
(BPLR) to 13.75 percent from 13.50 percent with effect from Feb 24.
McDonald's selling stake in Indian JV (BS)
McDonald's is selling its 50% stake in one of its Indian joint ventures to the local
partner for an undisclosed amount and converting it into a franchisee operation.
ECB Officials Signal They May Support Higher Rates on Inflation Concerns
(Bloomberg Finance LP)
European Central Bank policy makers signaled they may support raising interest rates
in coming months as the economy recovers and imports fuel price pressures.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
BP, Reliance Ind in $7.2-b oil, gas alliance (BL)
British oil major BP is set to vastly expand its presence in India in a partnership with
Reliance Industries Ltd worth up to $20 billion.
India FY11 fiscal deficit seen at 5.2 pct of GDP (Reuters)
India's fiscal deficit in the fiscal year to end-March is seen at 5.2 percent of the gross
domestic produce, C. Rangarajan, the prime minister's top economic adviser said on
Monday, an estimate below the budgeted 5.5 percent of GDP.
India 2010/11 exports seen at $230.3 bln (Reuters)
Indian exports in the fiscal year to end-March are seen at $230.3 billion, and would
rise to $271.9 billion in the next year, C. Rangarajan, the chairman of the Prime
Minister's Economic Advisory Council, said on Monday.
FIIs net sellers of Rs 245 cr in cash mkt today (BS)
Foreign institutional investors (FIIs) were net sellers of Rs 245.42 crore (provisional)
today, according to data released by BSE. While FIIs made gross purchases of Rs
2,006.78 crore, gross sales totalled Rs 2,252.20 crore.
Proposed economic reforms on the cards (Reuters)
The government must maintain the momentum for reforms to continue on its path of
high economic growth, President Pratibha Patil said in a prepared address as she
opened the new session of parliament on Monday.
Govt to wait for lower inflation to free diesel prices (Reuters)
The gov’t could free diesel prices once inflation eases to 6 percent, C. Rangarajan,
the prime minister's top economic adviser said on Monday, highlighting the fine
balance it must strike between improving public finances and political expediency.
Industrial growth at 8.1 pct in FY11 (Reuters)
India's industrial sector is likely to grow at 8.1 percent in the fiscal year to end-March,
quickening to 9.2 percent in the following year, C. Rangarajan, chairman of the Prime
Minister's Economic Adivisory Council, said on Monday.
21% rise in domestic air traffic in Jan 2011 (BS)
Dom. air traffic rose by almost 21% in January over the same period last year, with
Jet Airways and its sub. JetLite jointly flying about 1/4 of the passengers last month.
Sugar Output in India to Climb on ‘Heavy Planting’, Group Says (Bloomberg
Finance LP)
Sugar output in India, the world’s second-biggest producer, may climb next year as
farmers expand crop area to benefit from high prices, a millers’ group said.
SAIL to invest $12 bln in 4 overseas plants (Reuters)
SAIL will spend $12 billion to build four overseas plants, mostly funded through debt,
as India's biggest domestic producer sets its sights on expansion.
SKIL Infra plans 10-bln-rupee IPO (Reuters)
SKIL Infrastructure plans to raise 10 billion rupees through an initial public offering
and will file the draft prospectus with the regulator in four weeks.
8 more Coal India projects get green signal (BS)
The Ministry of Environment and Forests has cleared seven to eight more projects of
Coal India (CIL) that have been stranded for about a year.
Aditya Birla Financial Services Q3 net profit at Rs 151 crore (ET)
Aditya Birla Financial Services today reported a net profit of Rs 151 crore for the
quarter ended December 31, 2010. The company had reported a net loss of Rs 119
crore for the corresponding October-December period last year.
Goodyear India FY10 net up 2.35 pc to Rs 74.81 cr (ET)
Goodyear India said its net profit rose by 2.35 per cent to Rs 74.81 crore for the year
ended December 31, 2010. The co. had posted a net profit of Rs 73.09 crore in the
previous fiscal, Goodyear India said in a filing to the Bombay Stock Exchange (BSE).
Allahabad Bank to raise BPLR Feb 24 (Reuters)
Allahabad Bank said on Monday it will increase its benchmark prime lending rate
(BPLR) to 13.75 percent from 13.50 percent with effect from Feb 24.
McDonald's selling stake in Indian JV (BS)
McDonald's is selling its 50% stake in one of its Indian joint ventures to the local
partner for an undisclosed amount and converting it into a franchisee operation.
ECB Officials Signal They May Support Higher Rates on Inflation Concerns
(Bloomberg Finance LP)
European Central Bank policy makers signaled they may support raising interest rates
in coming months as the economy recovers and imports fuel price pressures.
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