Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� �
Economy News
4 Food inflation fell to a four-month low of 9.18% for the week ended
March 26 from 9.5% in the previous week and 21.15% a year ago (ET).
4 The finance ministry has said that it is holding consultations with the RBI
and will approve the draft guidelines for granting new banking licences
within 15 to 20 days (ET).
4 India has asked Switzerland to expeditiously ratify the amended double
taxation avoidance agreement (DTAA) to facilitate exchange of
information on funds parked in Swiss banks by Indian nationals (ET).
Corporate News
4 Cairn Energy has extended the April 15 deadline to conclude the $9.6-
billion Cairn-Vedanta deal as it expects further delays in getting the
Indian governments approval after the Cabinet decided on Wednesday to
form a group of ministers (GoM) to examine the transaction (BS).
4 Hotel Leela Venture is considering a new mid-market brand by end this
year even as it mulls an overseas foray into Maldives and Mauritius (BS).
4 Syndicate Bank has offered an out-of-court settlement with
Wockhardt which has been taken to court by multiple creditors.The bank
has told the company that it is willing to accept Wockhardt shares
equivalent to the outstanding bond amount (ET).
4 Godrej Consumer Products Ltd (GCPL) is scouting for further
acquisitions in Asia, Africa and South America. The firm is also planning to
introduce some of its acquired overseas brands in India (BS).
4 Rashtriya Chemicals and Fertilizers (RCF), Coal India and gas
distributor GAIL will together spend Rs.75 bn to build a coal gasification
facility in Orissa to meet rising demand for power by fertilizer and power
generating companies (ET).
4 TVS Group is planning to take a plunge into low-cost housing through TVS
Housing, a 100 per cent arm of TVS Motor Company, which would
debut through a pilot low-income housing project at Nanmangalam, near
Chennai (BS).
4 The application of Reliance Infrastructure (R-Infra) for an extension in
its existing power distribution licence to the suburbs of this metropolis
has been rejected. It has, instead, been told to join the competitive
process for a new one, with four other bidders (BS).
4 The US drug regulator has opposed American firm Mylans request to
strip Ranbaxy Laboratories of its six months exclusive right to sell
Lipitor in the US (ET).
News Round-up
Food inflation fell to a four month low of 9.18% for the week ended March 26, but
this may not dampen overall inflation much since it is now shifting gears to
manufactured prices. (BSTD)
After telecom, ports and refineries, foreign direct investments (FDI) in more sectors
could now be put under security scrutiny. The government is planning to slap new
entry route restrictions on FDI in the mining and realty sectors from a security
standpoint. (FNLE)
The USFDA has taken a strong stance against Mylan, which has opposed FDA's
decision to allow approval to Ranbaxy's (RBXY IN) generic version of Lipitor. (BSTD)
Vedanta Resources and Cairn Energy extended the deadline for their USD 9.6bn deal
by more than a month. The earlier deadline was April 15. Cairn Energy will be free to
sell the residual stake of close to 10% in Cairn India (CAIR IN) from 2012 onwards at
the market price. (BSTD)
Central Bank of India (CBOI IN) raises USD 568 mn through rights issue. (BSTD)
SAIL (SAIL IN) FPO to hit market by May end. (BSTD)
Glenmark Pharmaceuticals (GNP IN) has entered into an exclusive licensing deal with
Canada-based Immanence-IDC to distribute the latter's anti-aging cosmeceutical
range of products in eight countries. (BSTD)
Simbhaoli Sugars (SBSM IN) announced transfer of its potable alcohol business into a
wholly-owned subsidiary Simbhaoli Spirits for a consideration of USD 31 mn. (BSTD)
Unichem Laboratories (UL IN) said it has received approval from the US health
regulator to market Divalproex Sodium Delayed Release tablets, indicated for
disorders, in the American market. (BSTD)
Radico Khaitan (RDCK IN) has entered into an agreement with Japanese firm Suntory
Liquors to launch two super premium whiskey brands in India. (BSTD)
Hotel Leelaventure (LELA IN) will launch its mid-market brand by the end of this
financial year. The company also plans to take its current luxury brand overseas. To
begin with, the Lela group, the Leela group has identified Maldives and Mauritius for
the luxury brand. (FNLE)
Tech Mahindra (TECHM IN) bags Vodafone Australian arm's USD 250 mn IT deal.
(THBL)
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 Food inflation fell to a four-month low of 9.18% for the week ended
March 26 from 9.5% in the previous week and 21.15% a year ago (ET).
4 The finance ministry has said that it is holding consultations with the RBI
and will approve the draft guidelines for granting new banking licences
within 15 to 20 days (ET).
4 India has asked Switzerland to expeditiously ratify the amended double
taxation avoidance agreement (DTAA) to facilitate exchange of
information on funds parked in Swiss banks by Indian nationals (ET).
Corporate News
4 Cairn Energy has extended the April 15 deadline to conclude the $9.6-
billion Cairn-Vedanta deal as it expects further delays in getting the
Indian governments approval after the Cabinet decided on Wednesday to
form a group of ministers (GoM) to examine the transaction (BS).
4 Hotel Leela Venture is considering a new mid-market brand by end this
year even as it mulls an overseas foray into Maldives and Mauritius (BS).
4 Syndicate Bank has offered an out-of-court settlement with
Wockhardt which has been taken to court by multiple creditors.The bank
has told the company that it is willing to accept Wockhardt shares
equivalent to the outstanding bond amount (ET).
4 Godrej Consumer Products Ltd (GCPL) is scouting for further
acquisitions in Asia, Africa and South America. The firm is also planning to
introduce some of its acquired overseas brands in India (BS).
4 Rashtriya Chemicals and Fertilizers (RCF), Coal India and gas
distributor GAIL will together spend Rs.75 bn to build a coal gasification
facility in Orissa to meet rising demand for power by fertilizer and power
generating companies (ET).
4 TVS Group is planning to take a plunge into low-cost housing through TVS
Housing, a 100 per cent arm of TVS Motor Company, which would
debut through a pilot low-income housing project at Nanmangalam, near
Chennai (BS).
4 The application of Reliance Infrastructure (R-Infra) for an extension in
its existing power distribution licence to the suburbs of this metropolis
has been rejected. It has, instead, been told to join the competitive
process for a new one, with four other bidders (BS).
4 The US drug regulator has opposed American firm Mylans request to
strip Ranbaxy Laboratories of its six months exclusive right to sell
Lipitor in the US (ET).
News Round-up
Food inflation fell to a four month low of 9.18% for the week ended March 26, but
this may not dampen overall inflation much since it is now shifting gears to
manufactured prices. (BSTD)
After telecom, ports and refineries, foreign direct investments (FDI) in more sectors
could now be put under security scrutiny. The government is planning to slap new
entry route restrictions on FDI in the mining and realty sectors from a security
standpoint. (FNLE)
The USFDA has taken a strong stance against Mylan, which has opposed FDA's
decision to allow approval to Ranbaxy's (RBXY IN) generic version of Lipitor. (BSTD)
Vedanta Resources and Cairn Energy extended the deadline for their USD 9.6bn deal
by more than a month. The earlier deadline was April 15. Cairn Energy will be free to
sell the residual stake of close to 10% in Cairn India (CAIR IN) from 2012 onwards at
the market price. (BSTD)
Central Bank of India (CBOI IN) raises USD 568 mn through rights issue. (BSTD)
SAIL (SAIL IN) FPO to hit market by May end. (BSTD)
Glenmark Pharmaceuticals (GNP IN) has entered into an exclusive licensing deal with
Canada-based Immanence-IDC to distribute the latter's anti-aging cosmeceutical
range of products in eight countries. (BSTD)
Simbhaoli Sugars (SBSM IN) announced transfer of its potable alcohol business into a
wholly-owned subsidiary Simbhaoli Spirits for a consideration of USD 31 mn. (BSTD)
Unichem Laboratories (UL IN) said it has received approval from the US health
regulator to market Divalproex Sodium Delayed Release tablets, indicated for
disorders, in the American market. (BSTD)
Radico Khaitan (RDCK IN) has entered into an agreement with Japanese firm Suntory
Liquors to launch two super premium whiskey brands in India. (BSTD)
Hotel Leelaventure (LELA IN) will launch its mid-market brand by the end of this
financial year. The company also plans to take its current luxury brand overseas. To
begin with, the Lela group, the Leela group has identified Maldives and Mauritius for
the luxury brand. (FNLE)
Tech Mahindra (TECHM IN) bags Vodafone Australian arm's USD 250 mn IT deal.
(THBL)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
No comments:
Post a Comment