Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
CBI arrests ex-telecoms minister Andimuthu Raja (Reuters)
The Central Bureau of Investigation (CBI) on Wednesday arrested former telecoms
minister Andimuthu Raja over a massive graft scam, a huge blow for Prime Minister
Manmohan Singh and efforts to pass bills in the parliamentary budget session.
Indian IT sector grows by 19% in FY11 (BS)
The Indian IT sector is estimated to have grown by 19 per cent in the financial year
2011, clocking revenue of $76 billion, according to the industry body Nasscom.
NSE, LSE cross-listing deal in 2-3 months (BS)
The National Stock Exchange is likely to sign a cross-listing agreement with the
London Stock Exchange in 2-3 months. This would allow NSE to launch futures and
options contracts on the FTSE 100 and LSE to launch options contracts on the Nifty.
Pranab Mukherjee calms markets, assures 8.5% growth will be achieved (ET)
Finance minister sought to calm the jittery stock markets saying that macroeconomic
fundamentals are strong and the country will clock 8.5% growth this year.
India to see inflation fluctuations in coming months (Reuters)
India is likely to see inflationary fluctuations in the next three months or so, but the
overall trend for prices is to moderate, Finance Minister said on Wednesday.
Govt may convert bonds and preference shares in PSU banks into equity (ET)
The government may convert its perpetual bonds and preference shares in state-run
banks into equity, to help the lenders meet the Basel-III norms, a finance ministry
official said. Banks would need 6,00,000 crore over nine years to meet the norms.
Commodities exchanges not ready for rice futures relaunch (Reuters)
India's commodities exchanges are not ready for the relaunch of rice futures as
garnering liquidity in contracts is difficult, the market regulator said.
Commexes' turnover set to touch Rs 112 lakh cr this fiscal (BL)
Trading turnover of all the commodity exchanges in India is expected to grow by
44.24 per cent in the current fiscal, according to the Forward Markets Commission.
India-Iran oil price row unresolved, supplies continue (Reuters)
India's Oil Secretary S. Sundareshan said on Wednesday the country's oil payment
row with Iran is yet to be resolved, but supplies from the Islamic nation continues.
Reliance Fuel Exports Double to Highest in Five Months (Bloomberg Finance LP)
Reliance Industries’s fuel exports from the world’s largest refining complex doubled
in January to the highest in five months. Reliance shipped at least 1.2 million metric
tons of fuels from Jamnagar in January, up from about 630,000 tons in December.
Dabur, Asian Paints shut Egypt units as crisis deepens (Reuters)
Indian consumer goods makers Dabur India and Asian Paints on Wednesday said
they have temporarily shut plants in the crisis-ridden Egypt.
GSK Consumer net up on cost cuts but lags forecast (Reuters)
Malted food beverages maker Glaxosmithkline Consumer Healthcare said quarterly
profit rose 58 percent on product innovation and cost reduction. It reported a profit of
533 million rupees for Oct-Dec on a revenue of 5.07 billion, which grew 21 percent.
Essar Shipping Q3 net rises as port biz turns around (Reuters)
Essar Shipping Ports & Logistics reported a 27 percent rise in Oct-Dec net profit,
supported by its ports business that swung to profit.
Jet Air Q3 net up but misses estimate; shares slip (Reuters)
Jet Airways India reported lower-than-expected 11.3 percent rise in Oct-Dec net
profit. The limited growth is due to higher tax outgo and fuel prices.
Wockhardt net profit at Rs 141.7 cr (BS)
Drug major Wockhardt had net profit of Rs 141.7 crore for the quarter ended
December. It had a net loss of Rs 181.2 crore for the corresponding quarter of 2009.
Eurozone narrows differences on anti-crisis package (Reuters)
Germany said on Wednesday it had reached broad agreement with France on steps
to boost economic coordination in the euro zone as part of an anti-crisis package also
likely to see the scope of Europe's bailout fund bolstered.
U.S. to Sell $72 Billion in Debt as Limit Nears (Bloomberg Finance LP)
The U.S. Treasury Department said it would keep its long-term borrowing at steady
levels and warned that the federal debt limit could be reached as soon as April 5.
European Producer Prices Increase the Most Since 2008 (Bloomberg Finance LP)
European producer prices rose at the fastest annual pace in more than two years in
December after energy costs surged, adding to the Central Bank’s inflation concerns.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
CBI arrests ex-telecoms minister Andimuthu Raja (Reuters)
The Central Bureau of Investigation (CBI) on Wednesday arrested former telecoms
minister Andimuthu Raja over a massive graft scam, a huge blow for Prime Minister
Manmohan Singh and efforts to pass bills in the parliamentary budget session.
Indian IT sector grows by 19% in FY11 (BS)
The Indian IT sector is estimated to have grown by 19 per cent in the financial year
2011, clocking revenue of $76 billion, according to the industry body Nasscom.
NSE, LSE cross-listing deal in 2-3 months (BS)
The National Stock Exchange is likely to sign a cross-listing agreement with the
London Stock Exchange in 2-3 months. This would allow NSE to launch futures and
options contracts on the FTSE 100 and LSE to launch options contracts on the Nifty.
Pranab Mukherjee calms markets, assures 8.5% growth will be achieved (ET)
Finance minister sought to calm the jittery stock markets saying that macroeconomic
fundamentals are strong and the country will clock 8.5% growth this year.
India to see inflation fluctuations in coming months (Reuters)
India is likely to see inflationary fluctuations in the next three months or so, but the
overall trend for prices is to moderate, Finance Minister said on Wednesday.
Govt may convert bonds and preference shares in PSU banks into equity (ET)
The government may convert its perpetual bonds and preference shares in state-run
banks into equity, to help the lenders meet the Basel-III norms, a finance ministry
official said. Banks would need 6,00,000 crore over nine years to meet the norms.
Commodities exchanges not ready for rice futures relaunch (Reuters)
India's commodities exchanges are not ready for the relaunch of rice futures as
garnering liquidity in contracts is difficult, the market regulator said.
Commexes' turnover set to touch Rs 112 lakh cr this fiscal (BL)
Trading turnover of all the commodity exchanges in India is expected to grow by
44.24 per cent in the current fiscal, according to the Forward Markets Commission.
India-Iran oil price row unresolved, supplies continue (Reuters)
India's Oil Secretary S. Sundareshan said on Wednesday the country's oil payment
row with Iran is yet to be resolved, but supplies from the Islamic nation continues.
Reliance Fuel Exports Double to Highest in Five Months (Bloomberg Finance LP)
Reliance Industries’s fuel exports from the world’s largest refining complex doubled
in January to the highest in five months. Reliance shipped at least 1.2 million metric
tons of fuels from Jamnagar in January, up from about 630,000 tons in December.
Dabur, Asian Paints shut Egypt units as crisis deepens (Reuters)
Indian consumer goods makers Dabur India and Asian Paints on Wednesday said
they have temporarily shut plants in the crisis-ridden Egypt.
GSK Consumer net up on cost cuts but lags forecast (Reuters)
Malted food beverages maker Glaxosmithkline Consumer Healthcare said quarterly
profit rose 58 percent on product innovation and cost reduction. It reported a profit of
533 million rupees for Oct-Dec on a revenue of 5.07 billion, which grew 21 percent.
Essar Shipping Q3 net rises as port biz turns around (Reuters)
Essar Shipping Ports & Logistics reported a 27 percent rise in Oct-Dec net profit,
supported by its ports business that swung to profit.
Jet Air Q3 net up but misses estimate; shares slip (Reuters)
Jet Airways India reported lower-than-expected 11.3 percent rise in Oct-Dec net
profit. The limited growth is due to higher tax outgo and fuel prices.
Wockhardt net profit at Rs 141.7 cr (BS)
Drug major Wockhardt had net profit of Rs 141.7 crore for the quarter ended
December. It had a net loss of Rs 181.2 crore for the corresponding quarter of 2009.
Eurozone narrows differences on anti-crisis package (Reuters)
Germany said on Wednesday it had reached broad agreement with France on steps
to boost economic coordination in the euro zone as part of an anti-crisis package also
likely to see the scope of Europe's bailout fund bolstered.
U.S. to Sell $72 Billion in Debt as Limit Nears (Bloomberg Finance LP)
The U.S. Treasury Department said it would keep its long-term borrowing at steady
levels and warned that the federal debt limit could be reached as soon as April 5.
European Producer Prices Increase the Most Since 2008 (Bloomberg Finance LP)
European producer prices rose at the fastest annual pace in more than two years in
December after energy costs surged, adding to the Central Bank’s inflation concerns.
No comments:
Post a Comment