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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
‰ Environment minister has given conditional clearance to SAIL for
mining in Chiria reserves in Jharkhand. (ET)
‰ Reliance Anil Dhirubhai Ambani Group has accused
“unscrupulous corporate rivals” of spreading false rumors which led
to a sharp fall in shares of group’s listed firms. (Mint)
‰ M&M plans to acquire 38% stake in micro-irrigation firm EPC
Industries for Rs434mn through preferential allotment of shares.
(Mint)
News headlines: Economic and political
‰ TRAI has proposed that mobile phone companies be charge a onetime fees of Rs45bn for every unit of extra spectrum they hold
beyond the contracted limit. (ET)
‰ Wholesale onion prices have reportedly crashed to below Rs5/kg as
fresh supplies flood the markets. (ET)
News headlines: Corporate
‰ Falling gas production has prompted Reliance Industries to seek
help from Shell International to rectify technical glitches in its D6
block in KG basin. (BS)
‰ CAG has found discrepancies in Air India’s accounts which show
that the company under-reported its losses in 2009-10 by over
Rs30bn. (ET)
‰ Brazil based CSN has increased its stake in Riversdale Mining
from 16.3% to 17.6% which is the middle of a $3.9bn takeover bid
from Rio Tinto. Tata Steel holds 24.2% stake in Riversdale. (BS)
‰ Coal India plans to start exploratory drilling in Mozambique mines
by June. (ET)
‰ Aircel plans to launch 3G services in Feb in all 13 circles where it
has licenses. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ Environment minister has given conditional clearance to SAIL for
mining in Chiria reserves in Jharkhand. (ET)
‰ Reliance Anil Dhirubhai Ambani Group has accused
“unscrupulous corporate rivals” of spreading false rumors which led
to a sharp fall in shares of group’s listed firms. (Mint)
‰ M&M plans to acquire 38% stake in micro-irrigation firm EPC
Industries for Rs434mn through preferential allotment of shares.
(Mint)
News headlines: Economic and political
‰ TRAI has proposed that mobile phone companies be charge a onetime fees of Rs45bn for every unit of extra spectrum they hold
beyond the contracted limit. (ET)
‰ Wholesale onion prices have reportedly crashed to below Rs5/kg as
fresh supplies flood the markets. (ET)
News headlines: Corporate
‰ Falling gas production has prompted Reliance Industries to seek
help from Shell International to rectify technical glitches in its D6
block in KG basin. (BS)
‰ CAG has found discrepancies in Air India’s accounts which show
that the company under-reported its losses in 2009-10 by over
Rs30bn. (ET)
‰ Brazil based CSN has increased its stake in Riversdale Mining
from 16.3% to 17.6% which is the middle of a $3.9bn takeover bid
from Rio Tinto. Tata Steel holds 24.2% stake in Riversdale. (BS)
‰ Coal India plans to start exploratory drilling in Mozambique mines
by June. (ET)
‰ Aircel plans to launch 3G services in Feb in all 13 circles where it
has licenses. (ET)
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