Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 China on Sunday registered its first quarterly trade deficit in seven years,
reflecting the rising prices of imported commodities and highlighting
concerns that China's foundations of growth may be weakening. (WSJ)
4 Veteran activist Anna Hazare ended on Saturday a five-day hunger strike
after the government gave in to his demands for tougher anti-graft
legislation which had drawn the support of thousands. (Reuters)
4 All real estate transactions will have to be reported to the country's antimoney
laundering agency once the government amends a key law that
seeks to curb black-money transactions. The government plans to amend
the Prevention of Money Laundering Act, which will require property
registrars to file data of transactions recorded by them with the Financial
Intelligence Unit, a finance ministry official said. (ET)
Corporate News
4 A Tata company has won the largest-ever defence contract awarded to
an Indian private sector company through a competitive global tender.
On March 16, the Ministry of Defence signed a Rs 1,094-crore contract
with Tata Power’s Strategic Electronics Division (Tata Power SED) for
modernising 30 Indian Air Force (IAF) airbases across the country. Tata
Power SED has 42 months to execute this strategically vital contract. (BS)
4 NTPC said its 2,320-MW Mouda plant near Nagpur would be
commissioned in 2012.The coal-based power project will have two units
of 500 MW in the first stage and two units of 660 MW in the second
stage, the company said. (HBL)
4 ONGC is expected to hit the market with its Rs.120 bn follow-on public
offer in June, a finance ministry official said. (ET)
4 Merck and Co. Inc. is close to signing a strategic marketing partnership
with Sun Pharmaceutical Industries Ltd in the domestic market worth
Rs.600 bn, said two people aware of the development. MSD
Pharmaceuticals Pvt. Ltd, the local arm of the world’s second largest drug
maker, would look at the strong marketing network that Sun has
established in the country. (Mint)
4 According to the Neilsen’s January-February data, HUL’s market share
(volumes) in shampoo segment declined by 1.3 percentage points to
47.3% while P&G gained by 2.4 ppt with a market share of 17.7%. Dabur
on the other hand gained 0.8 ppt capturing 6.7% market share in the
estimated Rs.30 bn Indian shampoo market. (HBL)
4 ITC Ltd is experimenting with new formats to drive growth of its apparel
retail chain Wills Lifestyle. The company is opening up specialty stores
such as ‘menswear only´ and ‘boutique stores´ to offer more premium
range, apart from expanding its retail reach with plans to set up around
25 new stores across India in the next 15 months. (Mint)
4 SpiceJet is considering increasing passenger fares as runaway fuel costs
threaten the carrier's weak margins. The airline is expected to announce
the jump shortly. It will be done in phases to ensure the demand is not
affected, SpiceJet officials said. (ET)
4 Real estate company Parsvnath Developers is looking at raising up to
Rs.20 bn by selling stakes in two group housing projects to private equity
firms. According to sources, the company is in talks with three- four
private equity players to raise funds for its two group housing projects in
north India and may seal the deal next month. (ET)
4 The telecom ministry is likely to cancel the licences of leading mobile
operator Idea Cellular and Spice in five states for failing to roll out
services within the stipulated time. (BS)
News Round-up
Inflation rose 8.9% in March, beating the projections of both the finance ministry
and RBI. The rise in manufactured products and some fuel items neutralised lower
food prices. (BSTD-Sat)
The RBI has authorised Goldman Sachs to undertake primary dealership business in
the country's govt. debt market from April 8, 2011. (ECNT-Sat)
SBI (SBIN IN) is set to increase its base rate the benchmark rate for all loans by 25
basis points. (BSTD)
IOC (IOCL IN), HPCL (HPCL IN) and BPCL (BPCL IN) hiked ATF (aviation turbine fuel)
prices by 2%, the 14th increase in rates in a row since October last year. (FNLE-Sat)
HPCL (HPCL IN) to buy JV partners' 50% stake in Prize Petro. (FNLE-Sat)
Reliance Ind. (RIL IN) is planning to expand its presence in mining for precious metals
by acquiring state-prospected areas in the diamond rich state of Madhya Pradesh.
(ECNT)
Gas output from the Panna-Mukta & Tapti fields, owned jointly by the BG group,
Reliance (RIL IN) & ONGC (ONGC IN), has fallen by about 30% putting pressure on
supplies after a fall in Reliance's production from the D-6 field & hurting many cos.
(ECNT)
The Tata group will be investing up to a whopping USD 27 bn in the next five years
across sectors in the domestic market with an aim to double its current revenues to
USD 150 bn by then. (BSTD)
Sterlite Industries (STLT IN) will be doubling capacity at its copper-smelting plant in
Tuticorin, with an investment of around USD 568 mn. The company is hoping to
complete the expansion by 2013. (BSTD)
Lupin (LPC IN) said it was aiming to become one of the top five generic
pharmaceutical companies in Japan in the next three years. (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 China on Sunday registered its first quarterly trade deficit in seven years,
reflecting the rising prices of imported commodities and highlighting
concerns that China's foundations of growth may be weakening. (WSJ)
4 Veteran activist Anna Hazare ended on Saturday a five-day hunger strike
after the government gave in to his demands for tougher anti-graft
legislation which had drawn the support of thousands. (Reuters)
4 All real estate transactions will have to be reported to the country's antimoney
laundering agency once the government amends a key law that
seeks to curb black-money transactions. The government plans to amend
the Prevention of Money Laundering Act, which will require property
registrars to file data of transactions recorded by them with the Financial
Intelligence Unit, a finance ministry official said. (ET)
Corporate News
4 A Tata company has won the largest-ever defence contract awarded to
an Indian private sector company through a competitive global tender.
On March 16, the Ministry of Defence signed a Rs 1,094-crore contract
with Tata Power’s Strategic Electronics Division (Tata Power SED) for
modernising 30 Indian Air Force (IAF) airbases across the country. Tata
Power SED has 42 months to execute this strategically vital contract. (BS)
4 NTPC said its 2,320-MW Mouda plant near Nagpur would be
commissioned in 2012.The coal-based power project will have two units
of 500 MW in the first stage and two units of 660 MW in the second
stage, the company said. (HBL)
4 ONGC is expected to hit the market with its Rs.120 bn follow-on public
offer in June, a finance ministry official said. (ET)
4 Merck and Co. Inc. is close to signing a strategic marketing partnership
with Sun Pharmaceutical Industries Ltd in the domestic market worth
Rs.600 bn, said two people aware of the development. MSD
Pharmaceuticals Pvt. Ltd, the local arm of the world’s second largest drug
maker, would look at the strong marketing network that Sun has
established in the country. (Mint)
4 According to the Neilsen’s January-February data, HUL’s market share
(volumes) in shampoo segment declined by 1.3 percentage points to
47.3% while P&G gained by 2.4 ppt with a market share of 17.7%. Dabur
on the other hand gained 0.8 ppt capturing 6.7% market share in the
estimated Rs.30 bn Indian shampoo market. (HBL)
4 ITC Ltd is experimenting with new formats to drive growth of its apparel
retail chain Wills Lifestyle. The company is opening up specialty stores
such as ‘menswear only´ and ‘boutique stores´ to offer more premium
range, apart from expanding its retail reach with plans to set up around
25 new stores across India in the next 15 months. (Mint)
4 SpiceJet is considering increasing passenger fares as runaway fuel costs
threaten the carrier's weak margins. The airline is expected to announce
the jump shortly. It will be done in phases to ensure the demand is not
affected, SpiceJet officials said. (ET)
4 Real estate company Parsvnath Developers is looking at raising up to
Rs.20 bn by selling stakes in two group housing projects to private equity
firms. According to sources, the company is in talks with three- four
private equity players to raise funds for its two group housing projects in
north India and may seal the deal next month. (ET)
4 The telecom ministry is likely to cancel the licences of leading mobile
operator Idea Cellular and Spice in five states for failing to roll out
services within the stipulated time. (BS)
News Round-up
Inflation rose 8.9% in March, beating the projections of both the finance ministry
and RBI. The rise in manufactured products and some fuel items neutralised lower
food prices. (BSTD-Sat)
The RBI has authorised Goldman Sachs to undertake primary dealership business in
the country's govt. debt market from April 8, 2011. (ECNT-Sat)
SBI (SBIN IN) is set to increase its base rate the benchmark rate for all loans by 25
basis points. (BSTD)
IOC (IOCL IN), HPCL (HPCL IN) and BPCL (BPCL IN) hiked ATF (aviation turbine fuel)
prices by 2%, the 14th increase in rates in a row since October last year. (FNLE-Sat)
HPCL (HPCL IN) to buy JV partners' 50% stake in Prize Petro. (FNLE-Sat)
Reliance Ind. (RIL IN) is planning to expand its presence in mining for precious metals
by acquiring state-prospected areas in the diamond rich state of Madhya Pradesh.
(ECNT)
Gas output from the Panna-Mukta & Tapti fields, owned jointly by the BG group,
Reliance (RIL IN) & ONGC (ONGC IN), has fallen by about 30% putting pressure on
supplies after a fall in Reliance's production from the D-6 field & hurting many cos.
(ECNT)
The Tata group will be investing up to a whopping USD 27 bn in the next five years
across sectors in the domestic market with an aim to double its current revenues to
USD 150 bn by then. (BSTD)
Sterlite Industries (STLT IN) will be doubling capacity at its copper-smelting plant in
Tuticorin, with an investment of around USD 568 mn. The company is hoping to
complete the expansion by 2013. (BSTD)
Lupin (LPC IN) said it was aiming to become one of the top five generic
pharmaceutical companies in Japan in the next three years. (BSTD)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
No comments:
Post a Comment