Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 Japan raced to avert a catastrophe after fire broke out on Wednesday at
a nuclear plant that has sent low levels of radiation wafting into Tokyo,
prompting some people to flee the capital and triggering growing
international alarm at the escalating crisis. (ET)
4 Advance tax payments made by 100 firms based in the country’s financial
capital rose by one-fourth for the three months ending March, belying
fears of a tight quarter with shrinking margins for Indian companies.
(Mint)
4 The Union cabinet has approved the Constitutional Amendment Bill to
roll out the Goods and Services Tax (GST), hoping that a debate in
Parliament will help build consensus on this crucial reform. (ET)
4 The Reserve Bank of India should weed out the many measures it now
uses to convey monetary policy stance and stick to just the single 'repo
rate' as central banks in the developed markets do, a panel headed by
Deepak Mohanty, executive director at RBI, has recommended. (ET)
4 State – owned oil firms on Tuesday hiked jet fuel prices by 6%, the
eleventh increase in six months. (Mint)
4 The announcement of guidelines for new bank licences could be delayed
with the government likely to set up a panel to vet the draft entry rules
framed by the Reserve Bank. (ET)
Corporate News
4 Tata Consultancy Services (TCS) and Satyam have announced a large,
multiyear, multimillion dollar deal. TCS said it has bagged a IT
infrastructure deal from Dutch firm Royal Haskoning. The scope of the
project covers end-to-end IT infrastructure services, which will be
provided from TCS' global delivery centres. Mahindra Satyam bagged a
deal from Aspire Zone, Qatar, one of the leading sports institutes in the
world. As part of the contract, Mahindra Satyam will provide onsite and
offshore support to Aspire on various application development and
infrastructure services projects. (ET)
4 ITC Ltd has bought all the shares allotted to it in the rights offer by EIH
Ltd, the company that runs hotels under the Oberoi and Trident brands,
undeterred by its promoters’ stake sale to Reliance Industries Ltd (RIL)
last year to fend off a potential takeover bid. (Mint)
4 Reliance Industries Ltd. will shut a coker unit at its Jamnagar facility in
the last week of April for about 15 days, two people will knowledge of
the matter said. The unit will be closed for planned maintenance. (Mint)
4 Mahindra & Mahindra has completed the process of acquiring a
majority stake in the South Korean auto company SsangYong Motor
Company (SYMC), it stated today. M&M, leader in the sports utility vehicle
(SUV) segment in India, said SYMC is no longer in court receivership. M&M
will hold 70 per cent in the SUV-making company. (BS)
4 State-owned exploration major Oil and Natural Gas Corporation
(ONGC) has established a significant gas discovery in the northeastern
state of Tripura, officials said here Tuesday. (ET)
News Round-up
` The Union Cabinet approved a Constitution Amendment Bill, paving the way for its
introduction in Parliament, for rolling out the Goods & Services Tax (GST). (BSTD)
` The advance tax payments for the fourth quarter of the current financial year (2010-
11) recorded the highest growth rate since the global economic downturn in 2008.
(ECNT)
` SAIL (SAIL IN) to file FPO prospectus in May. (BSTD)
` PTC India Financial Services, a subsidiary of PTC India (PTCIN IN), will raise USD
97.78mn from its IPO, to open today. The company has fixed a price band of INR 26 -
28 a share for the sale of 156.7 million shares. (BSTD)
` State owned oil firms hiked jet fuel prices by a massive 6%, the 11th rate increase in
six months. (BSTD)
` Mahindra Satyam (SCS IN) has bagged a multi-million dollar, multi year contract from
Aspire Zone, Qatar, one of the leading sports institute in the world. (BSTD)
` MTNL (MTNL IN) plans to set up wind power plant in Maharashtra. (BSTD)
` Mahindra & Mahindra (MM IN) has completed all formalities related to the acquisition
of a majority stake in SsangYong Motor Company. (THBL)
` M&M (MM IN) commits USD 177.77mn towards Ssangyong R&D. (BSTD)
` Tata Motors (TTMT IN) global sales increased by 14% in Feb. on robust demand for
both commercial & passenger vehicles, over the same month previous fiscal. (ECNT)
` Suzlon Energy's (SUEL IN) promoter holding has reduced to 54.8% after two
promoter group entities sold around 2.3% of the paid-up capital through share
market transactions. (ECNT)
` TCS (TCS IN) bags multi-million dollar IT Infrastructure deal from Dutch technical
consultancy firm Royal Haskoning. (ECNT)
` Bharti Airtel (BHARTI IN) to move TDSAT if any telecom operator refuses to pay its
SMS termination charges. The move follows a recent Telecom Regulatory Authority of
India directive asking Bharti & Idea (IDEA IN) not to levy 'discriminatory' charges on
operators. (FNLE)
` BHEL (BHEL IN) declares interim dividend of INR 13.25 for the financial year 2010-11.
(FNLE)
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 Japan raced to avert a catastrophe after fire broke out on Wednesday at
a nuclear plant that has sent low levels of radiation wafting into Tokyo,
prompting some people to flee the capital and triggering growing
international alarm at the escalating crisis. (ET)
4 Advance tax payments made by 100 firms based in the country’s financial
capital rose by one-fourth for the three months ending March, belying
fears of a tight quarter with shrinking margins for Indian companies.
(Mint)
4 The Union cabinet has approved the Constitutional Amendment Bill to
roll out the Goods and Services Tax (GST), hoping that a debate in
Parliament will help build consensus on this crucial reform. (ET)
4 The Reserve Bank of India should weed out the many measures it now
uses to convey monetary policy stance and stick to just the single 'repo
rate' as central banks in the developed markets do, a panel headed by
Deepak Mohanty, executive director at RBI, has recommended. (ET)
4 State – owned oil firms on Tuesday hiked jet fuel prices by 6%, the
eleventh increase in six months. (Mint)
4 The announcement of guidelines for new bank licences could be delayed
with the government likely to set up a panel to vet the draft entry rules
framed by the Reserve Bank. (ET)
Corporate News
4 Tata Consultancy Services (TCS) and Satyam have announced a large,
multiyear, multimillion dollar deal. TCS said it has bagged a IT
infrastructure deal from Dutch firm Royal Haskoning. The scope of the
project covers end-to-end IT infrastructure services, which will be
provided from TCS' global delivery centres. Mahindra Satyam bagged a
deal from Aspire Zone, Qatar, one of the leading sports institutes in the
world. As part of the contract, Mahindra Satyam will provide onsite and
offshore support to Aspire on various application development and
infrastructure services projects. (ET)
4 ITC Ltd has bought all the shares allotted to it in the rights offer by EIH
Ltd, the company that runs hotels under the Oberoi and Trident brands,
undeterred by its promoters’ stake sale to Reliance Industries Ltd (RIL)
last year to fend off a potential takeover bid. (Mint)
4 Reliance Industries Ltd. will shut a coker unit at its Jamnagar facility in
the last week of April for about 15 days, two people will knowledge of
the matter said. The unit will be closed for planned maintenance. (Mint)
4 Mahindra & Mahindra has completed the process of acquiring a
majority stake in the South Korean auto company SsangYong Motor
Company (SYMC), it stated today. M&M, leader in the sports utility vehicle
(SUV) segment in India, said SYMC is no longer in court receivership. M&M
will hold 70 per cent in the SUV-making company. (BS)
4 State-owned exploration major Oil and Natural Gas Corporation
(ONGC) has established a significant gas discovery in the northeastern
state of Tripura, officials said here Tuesday. (ET)
News Round-up
` The Union Cabinet approved a Constitution Amendment Bill, paving the way for its
introduction in Parliament, for rolling out the Goods & Services Tax (GST). (BSTD)
` The advance tax payments for the fourth quarter of the current financial year (2010-
11) recorded the highest growth rate since the global economic downturn in 2008.
(ECNT)
` SAIL (SAIL IN) to file FPO prospectus in May. (BSTD)
` PTC India Financial Services, a subsidiary of PTC India (PTCIN IN), will raise USD
97.78mn from its IPO, to open today. The company has fixed a price band of INR 26 -
28 a share for the sale of 156.7 million shares. (BSTD)
` State owned oil firms hiked jet fuel prices by a massive 6%, the 11th rate increase in
six months. (BSTD)
` Mahindra Satyam (SCS IN) has bagged a multi-million dollar, multi year contract from
Aspire Zone, Qatar, one of the leading sports institute in the world. (BSTD)
` MTNL (MTNL IN) plans to set up wind power plant in Maharashtra. (BSTD)
` Mahindra & Mahindra (MM IN) has completed all formalities related to the acquisition
of a majority stake in SsangYong Motor Company. (THBL)
` M&M (MM IN) commits USD 177.77mn towards Ssangyong R&D. (BSTD)
` Tata Motors (TTMT IN) global sales increased by 14% in Feb. on robust demand for
both commercial & passenger vehicles, over the same month previous fiscal. (ECNT)
` Suzlon Energy's (SUEL IN) promoter holding has reduced to 54.8% after two
promoter group entities sold around 2.3% of the paid-up capital through share
market transactions. (ECNT)
` TCS (TCS IN) bags multi-million dollar IT Infrastructure deal from Dutch technical
consultancy firm Royal Haskoning. (ECNT)
` Bharti Airtel (BHARTI IN) to move TDSAT if any telecom operator refuses to pay its
SMS termination charges. The move follows a recent Telecom Regulatory Authority of
India directive asking Bharti & Idea (IDEA IN) not to levy 'discriminatory' charges on
operators. (FNLE)
` BHEL (BHEL IN) declares interim dividend of INR 13.25 for the financial year 2010-11.
(FNLE)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line
No comments:
Post a Comment