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News Round-up
The ninth round of oil & gas block auctions saw 10 new players making their entry.
ONGC (ONGC IN) emerged as the front-runner in 10 of the 26 blocks it bid. (THBL)
ONGC (ONGC IN) set to bag 10 blocks in NELP-IX. RIL (RIL IN) front-runner in two; big
oil skips this round too. (BSTD)
Reliance Industries (RIL IN) fails to meet gas commitment. Was to drill 22 gas wells &
produce 53.4 mscmd till April; combined output so far 42 mscmd. (BSTD)
Reliance Infrastructure (RELI IN) buyback of its equity shares will start from April 5. It
plans to buy back shares for an aggregate amount of up to USD 222 mn. (BSTD)
Pfizer (PFIZ IN) recalls two drugs in US on labeling error. (BSTD)
IFCI Ltd (IFCI IN) picks up 2.7% stake in Murli Industries (MRLI IN). (BSTD)
Natco Pharma's (NTCPH IN) anti-cancer drug, NRC-AN-019, has received 'Orphan
Drug' designation from the USFDA for three indications - glioma (brain tumour),
pancreatic cancer and chronic myelogenous leukemia. (BSTD)
Even as talks with unions at Shell's Stanlow refinery progress, Essar Energy and Royal
Dutch Shell are planning to sign an agreement that would see the Indian group take
control of the refinery near Ellesmere Port, Cheshire, UK. (BSTD)
Irked by slow pace of current JV, US co. Walmart is in talks to pick up stake in Big
Bazaar. (ECNT)
JSW group & GVK group could join hands with a third Indian co. to offer a combined
bid for the coal assets of Australia's Hancock Coal, which is valued at more than USD
2.7bn. (ECNT)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Round-up
The ninth round of oil & gas block auctions saw 10 new players making their entry.
ONGC (ONGC IN) emerged as the front-runner in 10 of the 26 blocks it bid. (THBL)
ONGC (ONGC IN) set to bag 10 blocks in NELP-IX. RIL (RIL IN) front-runner in two; big
oil skips this round too. (BSTD)
Reliance Industries (RIL IN) fails to meet gas commitment. Was to drill 22 gas wells &
produce 53.4 mscmd till April; combined output so far 42 mscmd. (BSTD)
Reliance Infrastructure (RELI IN) buyback of its equity shares will start from April 5. It
plans to buy back shares for an aggregate amount of up to USD 222 mn. (BSTD)
Pfizer (PFIZ IN) recalls two drugs in US on labeling error. (BSTD)
IFCI Ltd (IFCI IN) picks up 2.7% stake in Murli Industries (MRLI IN). (BSTD)
Natco Pharma's (NTCPH IN) anti-cancer drug, NRC-AN-019, has received 'Orphan
Drug' designation from the USFDA for three indications - glioma (brain tumour),
pancreatic cancer and chronic myelogenous leukemia. (BSTD)
Even as talks with unions at Shell's Stanlow refinery progress, Essar Energy and Royal
Dutch Shell are planning to sign an agreement that would see the Indian group take
control of the refinery near Ellesmere Port, Cheshire, UK. (BSTD)
Irked by slow pace of current JV, US co. Walmart is in talks to pick up stake in Big
Bazaar. (ECNT)
JSW group & GVK group could join hands with a third Indian co. to offer a combined
bid for the coal assets of Australia's Hancock Coal, which is valued at more than USD
2.7bn. (ECNT)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
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