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News Headlines
Food prices to ease in near term (Reuters)
India should see an easing of food prices in the near term, with food inflation in a
"much more comfortable position" by the end of the fiscal year in March, the deputy
head of the Planning Commission said on Friday.
Rising input costs singe India Inc; no respite seen (BS)
India Inc finds it tough to manage profit margins with rising input costs and other
expenditure. Aggregate figures for a sample of 43 companies in the BSE 100 index
suggest that operating profit margins (OPMs) were down by 63 basis points (bps).
India renewables' potential hit by costs - World Bank (Reuters)
India could be producing 25 percent of its power from renewables, but prohibitive
costs and regulatory hurdles mean its addiction to coal to fuel rapid growth is set to
continue, a World Bank report said on Friday.
Dec industrial output up 1.6 pct y/y (Reuters)
India's industrial output in December rose a slower-than-expected 1.6 percent from a
year earlier, government data showed on Friday. The median forecast in a Reuters
poll was for an annual rise of 2 percent.
Exports grow by 32.5% to $20.6 bn in January (ET)
India's exports grew by a healthy 32.5% year-on-year to USD 20.6 billion in January,
2011 on account of increasing demand in the western markets. During April-January
this fiscal, the country's shipments went up by 29.4 per cent to USD 184.6 billion.
Imports may turn costlier (BL)
In a bid to bring down the current account deficit to 3 per cent from the current 3.5
per cent, customs duties are likely to be raised slightly in the forthcoming Budget.
Hindalco net profit lags forecast, outlook firm (Reuters)
India's No. 1 aluminium producer Hindalco Industries Ltd on Saturday reported a 7.7
percent rise in Dec quarter net profit, lagging a consensus forecast due to lower
output and rising input costs.
Kingfisher Airlines Oct-Dec net loss narrows (Reuters)
Carrier Kingfisher Airlines narrowed its net loss for the third quarter as sales improved
due to higher air traffic, it said on Friday.
Pantaloon Q2 net up 5.5% (ET)
Country’s largest retailer Pantaloon Retail recorded 5.49 percent growth in net profit
at Rs 44.79 crore in the second quarter ended December owing to rise in consumer
demand during year end festival season.
PTC India unit to raise up to 6 bln rupees via IPO (Reuters)
Power trader PTC India will raise up to 6 billion rupees ($131 million) by listing its
financial services unit, two sources with direct knowledge of the matter told Reuters.
Piramal Q3 net down; buys contract research firm (Reuters)
Piramal Healthchare said a unit acquired 76 percent in Oxygen Bio Research for 512.9
million rupees even as a 56 percent fall in quarterly net profit beat estimates.
Apollo Hospitals Q3 net up marginally; lags f'cast (Reuters)
India's largest healthcare firm by capacity, Apollo Hospitals Enterprise, saw a
marginal rise in quarterly profit, lagging street estimates, on higher consumption
costs and a dip in other income.
Triveni Q1 net drops (ET)
Triveni Engineering and Industries on Sunday reported a 67% dip in net profit to Rs
23.92 crore for the quarter ended December 31.
Japan's GDP Contracts, Surpassed by China in 2010 (Bloomberg Finance LP)
Japan’s economy contracted for the first time in five quarters as exports slowed and
government stimulus faded, a pullback projected to be temporary as demand from
China and U.S. revives output this year.
Retail Sales Probably Rose in January as Promotions Enticed U.S. Shoppers
(Bloomberg Finance LP)
Retail sales probably climbed in January as shoppers took advantage of post-holiday
promotions before winter storms covered much of the U.S., a sign the economy is
on the mend, economists said before a report this week.
EU, IMF approve Greek aid but demand faster reforms (Bloomberg Finance LP)
EU and IMF inspectors approved on Friday 15 billion euros of fresh bailout funds for
Greece but warned its fiscal programme could go off the rails unless it accelerated
reforms and scaled up privatisations.
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Food prices to ease in near term (Reuters)
India should see an easing of food prices in the near term, with food inflation in a
"much more comfortable position" by the end of the fiscal year in March, the deputy
head of the Planning Commission said on Friday.
Rising input costs singe India Inc; no respite seen (BS)
India Inc finds it tough to manage profit margins with rising input costs and other
expenditure. Aggregate figures for a sample of 43 companies in the BSE 100 index
suggest that operating profit margins (OPMs) were down by 63 basis points (bps).
India renewables' potential hit by costs - World Bank (Reuters)
India could be producing 25 percent of its power from renewables, but prohibitive
costs and regulatory hurdles mean its addiction to coal to fuel rapid growth is set to
continue, a World Bank report said on Friday.
Dec industrial output up 1.6 pct y/y (Reuters)
India's industrial output in December rose a slower-than-expected 1.6 percent from a
year earlier, government data showed on Friday. The median forecast in a Reuters
poll was for an annual rise of 2 percent.
Exports grow by 32.5% to $20.6 bn in January (ET)
India's exports grew by a healthy 32.5% year-on-year to USD 20.6 billion in January,
2011 on account of increasing demand in the western markets. During April-January
this fiscal, the country's shipments went up by 29.4 per cent to USD 184.6 billion.
Imports may turn costlier (BL)
In a bid to bring down the current account deficit to 3 per cent from the current 3.5
per cent, customs duties are likely to be raised slightly in the forthcoming Budget.
Hindalco net profit lags forecast, outlook firm (Reuters)
India's No. 1 aluminium producer Hindalco Industries Ltd on Saturday reported a 7.7
percent rise in Dec quarter net profit, lagging a consensus forecast due to lower
output and rising input costs.
Kingfisher Airlines Oct-Dec net loss narrows (Reuters)
Carrier Kingfisher Airlines narrowed its net loss for the third quarter as sales improved
due to higher air traffic, it said on Friday.
Pantaloon Q2 net up 5.5% (ET)
Country’s largest retailer Pantaloon Retail recorded 5.49 percent growth in net profit
at Rs 44.79 crore in the second quarter ended December owing to rise in consumer
demand during year end festival season.
PTC India unit to raise up to 6 bln rupees via IPO (Reuters)
Power trader PTC India will raise up to 6 billion rupees ($131 million) by listing its
financial services unit, two sources with direct knowledge of the matter told Reuters.
Piramal Q3 net down; buys contract research firm (Reuters)
Piramal Healthchare said a unit acquired 76 percent in Oxygen Bio Research for 512.9
million rupees even as a 56 percent fall in quarterly net profit beat estimates.
Apollo Hospitals Q3 net up marginally; lags f'cast (Reuters)
India's largest healthcare firm by capacity, Apollo Hospitals Enterprise, saw a
marginal rise in quarterly profit, lagging street estimates, on higher consumption
costs and a dip in other income.
Triveni Q1 net drops (ET)
Triveni Engineering and Industries on Sunday reported a 67% dip in net profit to Rs
23.92 crore for the quarter ended December 31.
Japan's GDP Contracts, Surpassed by China in 2010 (Bloomberg Finance LP)
Japan’s economy contracted for the first time in five quarters as exports slowed and
government stimulus faded, a pullback projected to be temporary as demand from
China and U.S. revives output this year.
Retail Sales Probably Rose in January as Promotions Enticed U.S. Shoppers
(Bloomberg Finance LP)
Retail sales probably climbed in January as shoppers took advantage of post-holiday
promotions before winter storms covered much of the U.S., a sign the economy is
on the mend, economists said before a report this week.
EU, IMF approve Greek aid but demand faster reforms (Bloomberg Finance LP)
EU and IMF inspectors approved on Friday 15 billion euros of fresh bailout funds for
Greece but warned its fiscal programme could go off the rails unless it accelerated
reforms and scaled up privatisations.
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