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News headlines: Corporate
The Petroleum Ministry may refer the Cairn-Vedanta deal issue to
the Cabinet committee on economic affairs. (BS)
Reliance Industries will reportedly launch its broadband wireless
access services in five months, accompanied by the launch of low
cost tablet PC’s and affordable data plans. (BS)
The CBI questioned officials from Unitech, Loop Telecom, Tata
Realty & Infrastructure and S-Tel on the 2G scam issue. (BS)
Tata Steel reported a profit of Rs10bn for 3QFY11, up 112% YoY.
(BS)
News headlines: Economic and political
The Labour Ministry expects the Finance Ministry to ratify 9.5%
interest payout on provident fund deposits in FY11 soon. (BS)
The CBI estimates that the loss to the exchequer from the 2G
scam could be in the range of Rs500bn. (ET)
India is expected to sign a wider trade agreement with Japan today
which may benefit textiles, pharma and services companies. (ET)
The fertilizer subsidy bill may rise to Rs800-830bn for FY11 as
compared to the original budgetary estimate of Rs50bn. (BS)
The oil companies have hiked aviation turbine fuel prices by over
4%. (BS)
News headlines: Corporate
BSNL is expected to see losses of ~Rs40bn for FY11 and has seen
its cash reserves deplete from Rs300bn a year ago to Rs50bn
currently. (FE)
Tata Motors reported a 16% YoY increase in its global sales for
January to 98,998 units with JLR sales up 25% YoY to 20,377
units. (BS)
Air India has appointed S Chandrakumar as the COO of Air India
Express, its low-cost international subsidiairy. (BS)
GMR Industries has reportedly raised Rs5.2bn of debt from IIFCL
out of a total of Rs26bn of debt raised for the modernization of
Delhi Airport. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The Petroleum Ministry may refer the Cairn-Vedanta deal issue to
the Cabinet committee on economic affairs. (BS)
Reliance Industries will reportedly launch its broadband wireless
access services in five months, accompanied by the launch of low
cost tablet PC’s and affordable data plans. (BS)
The CBI questioned officials from Unitech, Loop Telecom, Tata
Realty & Infrastructure and S-Tel on the 2G scam issue. (BS)
Tata Steel reported a profit of Rs10bn for 3QFY11, up 112% YoY.
(BS)
News headlines: Economic and political
The Labour Ministry expects the Finance Ministry to ratify 9.5%
interest payout on provident fund deposits in FY11 soon. (BS)
The CBI estimates that the loss to the exchequer from the 2G
scam could be in the range of Rs500bn. (ET)
India is expected to sign a wider trade agreement with Japan today
which may benefit textiles, pharma and services companies. (ET)
The fertilizer subsidy bill may rise to Rs800-830bn for FY11 as
compared to the original budgetary estimate of Rs50bn. (BS)
The oil companies have hiked aviation turbine fuel prices by over
4%. (BS)
News headlines: Corporate
BSNL is expected to see losses of ~Rs40bn for FY11 and has seen
its cash reserves deplete from Rs300bn a year ago to Rs50bn
currently. (FE)
Tata Motors reported a 16% YoY increase in its global sales for
January to 98,998 units with JLR sales up 25% YoY to 20,377
units. (BS)
Air India has appointed S Chandrakumar as the COO of Air India
Express, its low-cost international subsidiairy. (BS)
GMR Industries has reportedly raised Rs5.2bn of debt from IIFCL
out of a total of Rs26bn of debt raised for the modernization of
Delhi Airport. (BS)
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