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News Headlines
Govt seen borrowing 4.5 trln rupees in FY12 (Reuters)
The government is likely to borrow 4.5 trillion rupees ($99.3 billion) from the market in
the fiscal year starting in April, in line with current year borrowing, a Reuters poll of
25 market participants showed on Tuesday.
Economy to grow by 8% this fiscal (BS)
Reflecting strong growth sentiment among industry verticals, a CII business outlook
survey has found that 74% of the respondents expect the economy to grow by 8%
or more in 2010-11.
RBI may be buying bonds from mkt (Reuters)
Yields on government bonds have dropped 10-15 basis points over 6 trading sessions
and market participants are speculating the central bank may have been one of the
buyers from the market.
India-S Korea trade pact boosts biz by 10% in 2010 (BS)
Trade between India and South Korea grew by 10% to $10.7 billion in 2010 after the
two countries entered into a trade agreement in January last year.
Middle-East unrest forces Indian cos to rewrite plans (ET)
Indian companies with plans of setting up shop in the Middle-East have either
postponed their plans or are looking to shift to a different location in the same region
with a lower risk profile, say strategic business consultants.
Pharma firms want tax cuts, R&D sops boost (Reuters)
Drugmakers want tax exemption deadline for export oriented unit (EOUs) to be
extended and want infrastructure or priority sector status in the budget on Feb 28.
Apparel exports volume may shrink as prices soar (Reuters)
Soaring cotton prices are likely to crimp India's apparel exports by at least 15 percent
in volume terms this year, as they shrivel demand from developed economies that
are still limping into recovery, an industry body said.
FMCG firms want inflation tackled (Reuters)
India's fast moving consumer goods industry is hoping the upcoming budget will
bring in concrete measures to tame spiralling inflation and viable tax structure to
ensure continued growth.
M&M Finance raises 4.3 bln via QIP (Reuters)
Mahindra & Mahindra Financial Services Ltd said it has raised 4.26 billion rupees
through a qualified institutional placement of 6.1 million shares at 695 rupees each.
Caraco to merge with Sun Pharma (BS)
Caraco Pharmaceutical Laboratories said it has entered into a merger agreement with
Sun Pharmaceutical Ind., which has increased its offer price per share by 10.52%.
Aircel launches 3G service in Chennai (ET)
Telecom operator Aircel today launched its 3G services here. The pan-India operator
has won 3G licences in 13 telecom circles across India and will be launching 3G
services in the remaining circles by mid-March, he added.
NALCO cuts aluminium prices by $22.17/T (ET)
India's state-run National Aluminium Co Ltd (NALCO) has cut aluminium prices by
1,000 rupees ($22.17) per tonne in the domestic market.
Fortis Health ties up with hospital for cardiac unit (Reuters)
Fortis Healthcare said on Tuesday its unit has signed an agreement with Cauvery
Hospital Ltd, Mysore, to set up and operate a cardiac centre at the hospital premise.
Oil over $100 in '11 may trigger '08 repeat (Reuters)
Sustained oil prices over $100 per barrel for the rest of the year could tip the global
economy back into a repeat of the 2008 economic crisis.
Vietnam Raises Second Interest Rate in Week as Dung Fights Inflation Risk
(Bloomberg Finance LP)
Vietnam’s central bank raised its reverse repurchase rate, the second increase in
borrowing costs in less than a week, as Prime Minister Nguyen Tan Dung prepares to
order tighter monetary and fiscal policies to tame inflation.
Home Prices in 20 U.S. Cities Fall 2.4% From Year Earlier (Bloomberg Finance
LP)
Residential real-estate prices dropped in the 12 months to December by the most in
a year, a sign the U.S. housing market is struggling even as the rest of the economy
recovers.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Govt seen borrowing 4.5 trln rupees in FY12 (Reuters)
The government is likely to borrow 4.5 trillion rupees ($99.3 billion) from the market in
the fiscal year starting in April, in line with current year borrowing, a Reuters poll of
25 market participants showed on Tuesday.
Economy to grow by 8% this fiscal (BS)
Reflecting strong growth sentiment among industry verticals, a CII business outlook
survey has found that 74% of the respondents expect the economy to grow by 8%
or more in 2010-11.
RBI may be buying bonds from mkt (Reuters)
Yields on government bonds have dropped 10-15 basis points over 6 trading sessions
and market participants are speculating the central bank may have been one of the
buyers from the market.
India-S Korea trade pact boosts biz by 10% in 2010 (BS)
Trade between India and South Korea grew by 10% to $10.7 billion in 2010 after the
two countries entered into a trade agreement in January last year.
Middle-East unrest forces Indian cos to rewrite plans (ET)
Indian companies with plans of setting up shop in the Middle-East have either
postponed their plans or are looking to shift to a different location in the same region
with a lower risk profile, say strategic business consultants.
Pharma firms want tax cuts, R&D sops boost (Reuters)
Drugmakers want tax exemption deadline for export oriented unit (EOUs) to be
extended and want infrastructure or priority sector status in the budget on Feb 28.
Apparel exports volume may shrink as prices soar (Reuters)
Soaring cotton prices are likely to crimp India's apparel exports by at least 15 percent
in volume terms this year, as they shrivel demand from developed economies that
are still limping into recovery, an industry body said.
FMCG firms want inflation tackled (Reuters)
India's fast moving consumer goods industry is hoping the upcoming budget will
bring in concrete measures to tame spiralling inflation and viable tax structure to
ensure continued growth.
M&M Finance raises 4.3 bln via QIP (Reuters)
Mahindra & Mahindra Financial Services Ltd said it has raised 4.26 billion rupees
through a qualified institutional placement of 6.1 million shares at 695 rupees each.
Caraco to merge with Sun Pharma (BS)
Caraco Pharmaceutical Laboratories said it has entered into a merger agreement with
Sun Pharmaceutical Ind., which has increased its offer price per share by 10.52%.
Aircel launches 3G service in Chennai (ET)
Telecom operator Aircel today launched its 3G services here. The pan-India operator
has won 3G licences in 13 telecom circles across India and will be launching 3G
services in the remaining circles by mid-March, he added.
NALCO cuts aluminium prices by $22.17/T (ET)
India's state-run National Aluminium Co Ltd (NALCO) has cut aluminium prices by
1,000 rupees ($22.17) per tonne in the domestic market.
Fortis Health ties up with hospital for cardiac unit (Reuters)
Fortis Healthcare said on Tuesday its unit has signed an agreement with Cauvery
Hospital Ltd, Mysore, to set up and operate a cardiac centre at the hospital premise.
Oil over $100 in '11 may trigger '08 repeat (Reuters)
Sustained oil prices over $100 per barrel for the rest of the year could tip the global
economy back into a repeat of the 2008 economic crisis.
Vietnam Raises Second Interest Rate in Week as Dung Fights Inflation Risk
(Bloomberg Finance LP)
Vietnam’s central bank raised its reverse repurchase rate, the second increase in
borrowing costs in less than a week, as Prime Minister Nguyen Tan Dung prepares to
order tighter monetary and fiscal policies to tame inflation.
Home Prices in 20 U.S. Cities Fall 2.4% From Year Earlier (Bloomberg Finance
LP)
Residential real-estate prices dropped in the 12 months to December by the most in
a year, a sign the U.S. housing market is struggling even as the rest of the economy
recovers.
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