Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 Shares in Asia's developed markets fell on Monday and oil nursed losses
after a massive earthquake in Japan sent investors scurrying to safe
haven assets and raised concerns of falling demand for commodities. (ET)
4 Central Electricity Authority (CEA) of India, which monitors power
generation and utilisation across the country, has suggested that power
projects coming up within a distance of 50 km from an existing or
proposed gas pipeline should prequalify under the projects for gas
linkage during the 12th Plan. (BS)
4 Under pressure from the garment industry over levy of excise duty on
branded garments, the government is reviewing the Budget proposal.
While a complete rollback is ruled out, it is considering giving some relief
through easing of some procedures. (BS)
Corporate News
4 The National Highways Authority of India (NHAI) has been told to
work on awarding contracts for around 100 projects, covering 11,151 km,
over the financial year starting April 1. On an average, NHAI would have
to award eight projects every month. “We have prepared a tentative list,
which we will be awarding in the next financial year. Awarding these
should not be an issue,” said a senior NHAI official, who did not want to
be identified. (BS)
4 The civil aviation ministry will soon come out with a blueprint seeking to
arm the directorate general of civil aviation (DGCA) with powers to
regulate air fares which hit the roof during the last festival season. The
blueprint, which will be ready in a month, mainly looks at transforming
DGCA into a powerful regulatory body called Civil Aviation Authority
(CAA). (ET)
4 Hitting out at the delays in executing the stake sale, Bharti Airtel has
withdrawn its bid to buy out the governments 30% stake in its subsidiary
Bharti Hexacom, which offers mobile services in six north-eastern states
(excluding Assam) and Rajasthan. (ET)
4 State-run Hindustan Petroleum Corporation Ltd (HPCL) is poised to
merge Prize Petroleum Co Ltd (PPCL) with itself after attempts to woo
buyers for a 50% stake in its oil exploration firm did not yield favourable
response. HPCL, which holds 50% equity in Prize, said its board would
take a final decision on March 25. (ET)
4 Anil Dhirubhai Ambani Group's flagship infrastructure company Reliance
Infrastructure expects revenue from toll roads to jump and hopes to bag
10% of highway projects of up to 80,000 crore that are likely to be
awarded every year, Chief Executive Officer Lalit Jalan told ET. (ET)
4 State-run NTPC Ltd, India’s biggest power generation utility, may be
changing its strategy on securing critical fuel supplies by seeking longterm coal supply agreements instead of trying to buy overseas mines
outright.The rethink comes against the backdrop of NTPC’s failure to
secure equity in coal mines in countries such as Australia, Indonesia and
South Africa. (Mint)
News Round-up
` India's Industrial output grews 3.7% in January. (BSTD-Sat)
` RBI is on course to raise a key policy rate by a 25 basis points, for the eighth straight
time at its monetary policy review this week to combat inflation. (ECNT)
` Iron ore duty hike plan takes toll, cos. cut back on spot export orders. Govt. proposes
a 20% export duty to discourage shipments & make ore available for local steel Cos.
(ECNT)
` Specialised steel manufacturers who supply high value grades to car makers may
switch to monthly contracts to reduce risks posed by increased volatility. Specialised
steel includes a high-value alloy that accounts for about a fifth the total cost of a car.
Until now the contracts were made for 3 months. (ECNT)
` With the costs of coffee beans, sugar, milk and rentals shooting up, coffee retailers in
India are looking at a 10-12% rise in prices in the next few weeks. (BSTD-Sat)
` The department of telecommunications is likely to send notice to telecom operators,
including Reliance Communications (RCOM IN), Bharti Airtel (BHARTI IN), Idea
Cellular (IDEA IN) and Tata Teleservices (TTLS IN) for demand of about USD 244 mn
for under reporting revenues. (BSTD-Sat)
` Hitting out at delays in executing Bharti Hexacom stake sale, Bharti Airtel (BHARTI IN)
has withdrawn its bid to buy out the govt.'s 30% stake in the co. (ECNT)
` Gas Transporters and shippers have differed over the charges and duration of trading
in gas transmission capacity proposed by the Petroleum and Natural Gas Regulatory
Board (PNGRB). While transporters such as GAIL (GAIL IN) and Reliance Gas
Transportation Infrastructure Ltd (RGTIL) are pushing for higher durations and rates,
shippers such as NTPC (NATP) and the fertiliser industry are seeking lower durations
and rates. (BSTD)
` HDFC Bank (HDFCB IN) hikes FD rate by up to 100 bps, lending rate by 75 bps. (TTOI)
` HPCL (HPCL IN) is poised to merge Prize Petroleum Co. Ltd. with itself after attempts
to woo buyers for a 50% stake in its oil exploration firm did not yield favourable
response. (ECNT)
` Reliance Infra. (RELI IN) expects revenue from toll roads to jump & hopes to bag 10%
of highway projects of up to USD 17.78bn that are likely to be awarded every year.
(ECNT)
` The USD 29 bn Aditya Birla Group is set to join the race to buy Australian coal mining
company White-haven Coal. Close to 20 players, including the Anil Dhirubhai
Ambani Group, are believed to be interested in Whitehaven Coal. (BSTD)
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 �� ��
Economy News
4 Shares in Asia's developed markets fell on Monday and oil nursed losses
after a massive earthquake in Japan sent investors scurrying to safe
haven assets and raised concerns of falling demand for commodities. (ET)
4 Central Electricity Authority (CEA) of India, which monitors power
generation and utilisation across the country, has suggested that power
projects coming up within a distance of 50 km from an existing or
proposed gas pipeline should prequalify under the projects for gas
linkage during the 12th Plan. (BS)
4 Under pressure from the garment industry over levy of excise duty on
branded garments, the government is reviewing the Budget proposal.
While a complete rollback is ruled out, it is considering giving some relief
through easing of some procedures. (BS)
Corporate News
4 The National Highways Authority of India (NHAI) has been told to
work on awarding contracts for around 100 projects, covering 11,151 km,
over the financial year starting April 1. On an average, NHAI would have
to award eight projects every month. “We have prepared a tentative list,
which we will be awarding in the next financial year. Awarding these
should not be an issue,” said a senior NHAI official, who did not want to
be identified. (BS)
4 The civil aviation ministry will soon come out with a blueprint seeking to
arm the directorate general of civil aviation (DGCA) with powers to
regulate air fares which hit the roof during the last festival season. The
blueprint, which will be ready in a month, mainly looks at transforming
DGCA into a powerful regulatory body called Civil Aviation Authority
(CAA). (ET)
4 Hitting out at the delays in executing the stake sale, Bharti Airtel has
withdrawn its bid to buy out the governments 30% stake in its subsidiary
Bharti Hexacom, which offers mobile services in six north-eastern states
(excluding Assam) and Rajasthan. (ET)
4 State-run Hindustan Petroleum Corporation Ltd (HPCL) is poised to
merge Prize Petroleum Co Ltd (PPCL) with itself after attempts to woo
buyers for a 50% stake in its oil exploration firm did not yield favourable
response. HPCL, which holds 50% equity in Prize, said its board would
take a final decision on March 25. (ET)
4 Anil Dhirubhai Ambani Group's flagship infrastructure company Reliance
Infrastructure expects revenue from toll roads to jump and hopes to bag
10% of highway projects of up to 80,000 crore that are likely to be
awarded every year, Chief Executive Officer Lalit Jalan told ET. (ET)
4 State-run NTPC Ltd, India’s biggest power generation utility, may be
changing its strategy on securing critical fuel supplies by seeking longterm coal supply agreements instead of trying to buy overseas mines
outright.The rethink comes against the backdrop of NTPC’s failure to
secure equity in coal mines in countries such as Australia, Indonesia and
South Africa. (Mint)
News Round-up
` India's Industrial output grews 3.7% in January. (BSTD-Sat)
` RBI is on course to raise a key policy rate by a 25 basis points, for the eighth straight
time at its monetary policy review this week to combat inflation. (ECNT)
` Iron ore duty hike plan takes toll, cos. cut back on spot export orders. Govt. proposes
a 20% export duty to discourage shipments & make ore available for local steel Cos.
(ECNT)
` Specialised steel manufacturers who supply high value grades to car makers may
switch to monthly contracts to reduce risks posed by increased volatility. Specialised
steel includes a high-value alloy that accounts for about a fifth the total cost of a car.
Until now the contracts were made for 3 months. (ECNT)
` With the costs of coffee beans, sugar, milk and rentals shooting up, coffee retailers in
India are looking at a 10-12% rise in prices in the next few weeks. (BSTD-Sat)
` The department of telecommunications is likely to send notice to telecom operators,
including Reliance Communications (RCOM IN), Bharti Airtel (BHARTI IN), Idea
Cellular (IDEA IN) and Tata Teleservices (TTLS IN) for demand of about USD 244 mn
for under reporting revenues. (BSTD-Sat)
` Hitting out at delays in executing Bharti Hexacom stake sale, Bharti Airtel (BHARTI IN)
has withdrawn its bid to buy out the govt.'s 30% stake in the co. (ECNT)
` Gas Transporters and shippers have differed over the charges and duration of trading
in gas transmission capacity proposed by the Petroleum and Natural Gas Regulatory
Board (PNGRB). While transporters such as GAIL (GAIL IN) and Reliance Gas
Transportation Infrastructure Ltd (RGTIL) are pushing for higher durations and rates,
shippers such as NTPC (NATP) and the fertiliser industry are seeking lower durations
and rates. (BSTD)
` HDFC Bank (HDFCB IN) hikes FD rate by up to 100 bps, lending rate by 75 bps. (TTOI)
` HPCL (HPCL IN) is poised to merge Prize Petroleum Co. Ltd. with itself after attempts
to woo buyers for a 50% stake in its oil exploration firm did not yield favourable
response. (ECNT)
` Reliance Infra. (RELI IN) expects revenue from toll roads to jump & hopes to bag 10%
of highway projects of up to USD 17.78bn that are likely to be awarded every year.
(ECNT)
` The USD 29 bn Aditya Birla Group is set to join the race to buy Australian coal mining
company White-haven Coal. Close to 20 players, including the Anil Dhirubhai
Ambani Group, are believed to be interested in Whitehaven Coal. (BSTD)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
No comments:
Post a Comment