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News Headlines
RBI: Egypt Crisis Adds Uncertainty, May Impact Policy (Bloomberg Finance LP)
The crisis in Egypt adds to the uncertainty about oil prices and will have an impact on
the Indian central bank’s actions, RBI Deputy Governor Subir Gokarn said.
PM calls for strengthening retail to help fight inflation (BS)
With Budget 2011-12 barely weeks away, Prime Minister Manmohan Singh outlined
the government’s intention to strengthen the retail sector to temper soaring food
inflation. He said India's high inflation posed a serious threat to the country's growth.
Liquidity deficit nears RBI comfort level (BS)
After hovering around Rs 80,000 crore for a month, the liquidity deficit has come
down to Reserve Bank of India’s comfort level of Rs 50,000 crore.
Govt says hopeful of clearing Cairn-Vedanta deal (Reuters)
The oil secretary said on Sunday he was hopeful of finding a "positive solution" to
Cairn India's plans to sell a controlling stake in its Indian unit to Vedanta Resources.
His remarks are the strongest sign yet that the deal could go through by April 15.
All 2G spectrum allocations since 2001 wrong, finds Panel (BL)
All 2G spectrum allocations to mobile operators between 2001 and 2009 were
inconsistent with the decisions of the Cabinet, the panel said.
12th Plan infrastructure outlay to be $1 trillion (BL)
Encouraged by the on-target spends on infrastructure during the current Five Year
Plan, the Planning Commission will double outlay for infrastructure for the 12th Plan.
Banks chase companies to foreign shores (Reuters)
As Indian companies farm out across the globe chasing business where they can
through a slew of M&As and joint ventures, stodgy Indian banks are spreading
following suit. Deal volume in India surged three-fold to $67.2 billion in 2010.
Cement demand revives in Jan; firms hike prices (BL)
Cement companies managed higher dispatches in January on the back of improved
demand from stockists, who expect revival of real estate projects post-monsoon.
Yemen, India's BHEL in deal for $393 mln power plant (Reuters)
Yemen signed an agreement with Bharat Heavy Electricals on Sunday for a $392.7
million power plant in the Arab country, the Yemeni state news agency Saba said.
NMDC to buy two iron ore mines in Australia (BS)
State-owned miner NMDC will acquire two iron ore assets in Australia next month. It
would spend less than $100 million to acquire 51 per cent stake in the mines.
Oracle Financial Q3 net jumps 24.26% (BL)
Oracle Financial Services Software reported a 24.26 per cent increase in its
consolidated net profit at Rs 282.42 crore for the third quarter ended December 31.
Suzlon net loss at Rs 253.6 cr (BS)
Impacted by foreign exchange losses and an adverse business environment, Suzlon
Energy has posted a net loss of Rs 253.6 crore for the quarter ended December, as
against a net profit of Rs 14.1 crore in the corresponding quarter of the previous year.
EIL Q3 net up 10%; expects orders from Venezuela soon (BL)
Boosted by a burgeoning order book, Engineers India has posted a 10.25 per cent
increase in net profit for the quarter ended December, at Rs 122.45 crore.
Divis Laboratories net up 44% (BL)
Divis Laboratories' net profit increased 44 per cent at Rs 98 crore in the third quarter
ended December 31, on higher sales.
Aurobindo Dec net up 9.8% (BS)
Aurobindo Pharma Ltd witnessed a 9.8 per cent increase in its net profit to Rs 188.6
crore for the third quarter ended December 31. Net sales were Rs 1,192.2 crore.
Obama's Budget to `Cut What We Can't Afford,' (Bloomberg Finance LP)
President Barack Obama will send Congress a “tough choices” budget next week
that would cut some of his own programs in the environment, community
development and services for the poor to rein in the deficit.
EU leaders take steps to curb fossil fuel habit (Reuters)
European Union leaders agreed to merge and strengthen energy networks in a move
that will help curb Europe's growing reliance on fossil fuels.
'Flash crash' panel mulls big market changes (Reuters)
Experts trying to figure out how to avoid another "flash crash" are thinking of making
big changes to the U.S. stock marketplace, with one member of a panel
recommending fees during times of stress and a crackdown on off-exchange trading.
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
RBI: Egypt Crisis Adds Uncertainty, May Impact Policy (Bloomberg Finance LP)
The crisis in Egypt adds to the uncertainty about oil prices and will have an impact on
the Indian central bank’s actions, RBI Deputy Governor Subir Gokarn said.
PM calls for strengthening retail to help fight inflation (BS)
With Budget 2011-12 barely weeks away, Prime Minister Manmohan Singh outlined
the government’s intention to strengthen the retail sector to temper soaring food
inflation. He said India's high inflation posed a serious threat to the country's growth.
Liquidity deficit nears RBI comfort level (BS)
After hovering around Rs 80,000 crore for a month, the liquidity deficit has come
down to Reserve Bank of India’s comfort level of Rs 50,000 crore.
Govt says hopeful of clearing Cairn-Vedanta deal (Reuters)
The oil secretary said on Sunday he was hopeful of finding a "positive solution" to
Cairn India's plans to sell a controlling stake in its Indian unit to Vedanta Resources.
His remarks are the strongest sign yet that the deal could go through by April 15.
All 2G spectrum allocations since 2001 wrong, finds Panel (BL)
All 2G spectrum allocations to mobile operators between 2001 and 2009 were
inconsistent with the decisions of the Cabinet, the panel said.
12th Plan infrastructure outlay to be $1 trillion (BL)
Encouraged by the on-target spends on infrastructure during the current Five Year
Plan, the Planning Commission will double outlay for infrastructure for the 12th Plan.
Banks chase companies to foreign shores (Reuters)
As Indian companies farm out across the globe chasing business where they can
through a slew of M&As and joint ventures, stodgy Indian banks are spreading
following suit. Deal volume in India surged three-fold to $67.2 billion in 2010.
Cement demand revives in Jan; firms hike prices (BL)
Cement companies managed higher dispatches in January on the back of improved
demand from stockists, who expect revival of real estate projects post-monsoon.
Yemen, India's BHEL in deal for $393 mln power plant (Reuters)
Yemen signed an agreement with Bharat Heavy Electricals on Sunday for a $392.7
million power plant in the Arab country, the Yemeni state news agency Saba said.
NMDC to buy two iron ore mines in Australia (BS)
State-owned miner NMDC will acquire two iron ore assets in Australia next month. It
would spend less than $100 million to acquire 51 per cent stake in the mines.
Oracle Financial Q3 net jumps 24.26% (BL)
Oracle Financial Services Software reported a 24.26 per cent increase in its
consolidated net profit at Rs 282.42 crore for the third quarter ended December 31.
Suzlon net loss at Rs 253.6 cr (BS)
Impacted by foreign exchange losses and an adverse business environment, Suzlon
Energy has posted a net loss of Rs 253.6 crore for the quarter ended December, as
against a net profit of Rs 14.1 crore in the corresponding quarter of the previous year.
EIL Q3 net up 10%; expects orders from Venezuela soon (BL)
Boosted by a burgeoning order book, Engineers India has posted a 10.25 per cent
increase in net profit for the quarter ended December, at Rs 122.45 crore.
Divis Laboratories net up 44% (BL)
Divis Laboratories' net profit increased 44 per cent at Rs 98 crore in the third quarter
ended December 31, on higher sales.
Aurobindo Dec net up 9.8% (BS)
Aurobindo Pharma Ltd witnessed a 9.8 per cent increase in its net profit to Rs 188.6
crore for the third quarter ended December 31. Net sales were Rs 1,192.2 crore.
Obama's Budget to `Cut What We Can't Afford,' (Bloomberg Finance LP)
President Barack Obama will send Congress a “tough choices” budget next week
that would cut some of his own programs in the environment, community
development and services for the poor to rein in the deficit.
EU leaders take steps to curb fossil fuel habit (Reuters)
European Union leaders agreed to merge and strengthen energy networks in a move
that will help curb Europe's growing reliance on fossil fuels.
'Flash crash' panel mulls big market changes (Reuters)
Experts trying to figure out how to avoid another "flash crash" are thinking of making
big changes to the U.S. stock marketplace, with one member of a panel
recommending fees during times of stress and a crackdown on off-exchange trading.
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