Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Tata Steel has agreed to sell a 51% stake in its unit Tata
Refractories to Japan’s Krosaki Harima Corp in a transaction that
value the company Rs11.3bn. (Mint)
The Central Electricity Authority (CEA) has suggested that Coal
India be made the nodal agency for pooling of coal prices besides
being made the canalising agency for import of coal. (BS)
SAIL plans to invest Rs28.75bn towards the first phase of
modernization of its integrated steel plant in Durgapur. (BS)
News headlines: Economic and political
The RBI has relaxed the provisioning norms for bad loans for banks
and banks will not be required to set aside additional capital for
incremental NPAs formed after 30th September 2010. (BS)
India generated 5.55% more power in FY11 than FY10 as it added
15.8GW of capacity during the year. (Mint)
The Telecom Ministry will seek a review of recommendations by
TRAI for cancelling 69 licences for operators’ failing to roll out
networks. (ET)
A Department of Telecoms (DoT) committee has accepted the
recommendation for imposing a one-time fee on telecom
companies for spectrum that they hold beyond the contracted
amount. (BS)
Indian Railways will award Rs100bn-worth contracts by the end of
FY12 to kick-start dedicated freight corridors (DFC) project. (ET)
The government may make it mandatory for coal mining
companies to spend a part of their net profit on the welfare of local
people affected by their activities. (BS)
News headlines: Corporate
Reliance Industries may invest over Rs1.5tr over the next five
years to set up new business and expand the existing ones. (ET)
Oil India is reportedly planning a stock split. (BS)
The UK has opposed the Indian government’s move to put
conditions for clearing Vedanta Resource’s acquisition of Cairn
India. (Mint)
Maruti Suzuki is planning to shift production of 0.3m vehicles
from Gurgaon to decongest the plant as soon as the two new units
at its Manesar facility come up. (BS)
Tata Motors plans to finalise an overseas production site for Nano
soon. (Mint)
L&T sees a US$1.5bn annual business opportunity from nuclear
power in 3-5 years. (BS)
Coal India will start exploratory drilling at two coal blocks in
Mozambique in the next 2-3 months. (ET)
Axis Bank has received RBI’s in-principle approval for acquisition
of select business of Enam Securities. (BS)
Jet Airways has been rated as the best on-time performer in
March. (ET)
The airports regulator has proposed that GMR (operator of New
Delhi airport) to be allowed to raise an additional Rs9.95bn
through passenger levies to partially fund modernization of the
airport. (Mint)
Air India has approved the plan to shift 7,400 employees to a
proposed engineering strategic business unit. (BS)
Toyota’s production facilities would operate at 30% of its capacity
for around 40 days from 25th April. (BS)
The Essar Group will reportedly go ahead with its decision to sell
33% stake in Vodafone Essar for US$5bn in cash despite the order
of the Madras High Court. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Tata Steel has agreed to sell a 51% stake in its unit Tata
Refractories to Japan’s Krosaki Harima Corp in a transaction that
value the company Rs11.3bn. (Mint)
The Central Electricity Authority (CEA) has suggested that Coal
India be made the nodal agency for pooling of coal prices besides
being made the canalising agency for import of coal. (BS)
SAIL plans to invest Rs28.75bn towards the first phase of
modernization of its integrated steel plant in Durgapur. (BS)
News headlines: Economic and political
The RBI has relaxed the provisioning norms for bad loans for banks
and banks will not be required to set aside additional capital for
incremental NPAs formed after 30th September 2010. (BS)
India generated 5.55% more power in FY11 than FY10 as it added
15.8GW of capacity during the year. (Mint)
The Telecom Ministry will seek a review of recommendations by
TRAI for cancelling 69 licences for operators’ failing to roll out
networks. (ET)
A Department of Telecoms (DoT) committee has accepted the
recommendation for imposing a one-time fee on telecom
companies for spectrum that they hold beyond the contracted
amount. (BS)
Indian Railways will award Rs100bn-worth contracts by the end of
FY12 to kick-start dedicated freight corridors (DFC) project. (ET)
The government may make it mandatory for coal mining
companies to spend a part of their net profit on the welfare of local
people affected by their activities. (BS)
News headlines: Corporate
Reliance Industries may invest over Rs1.5tr over the next five
years to set up new business and expand the existing ones. (ET)
Oil India is reportedly planning a stock split. (BS)
The UK has opposed the Indian government’s move to put
conditions for clearing Vedanta Resource’s acquisition of Cairn
India. (Mint)
Maruti Suzuki is planning to shift production of 0.3m vehicles
from Gurgaon to decongest the plant as soon as the two new units
at its Manesar facility come up. (BS)
Tata Motors plans to finalise an overseas production site for Nano
soon. (Mint)
L&T sees a US$1.5bn annual business opportunity from nuclear
power in 3-5 years. (BS)
Coal India will start exploratory drilling at two coal blocks in
Mozambique in the next 2-3 months. (ET)
Axis Bank has received RBI’s in-principle approval for acquisition
of select business of Enam Securities. (BS)
Jet Airways has been rated as the best on-time performer in
March. (ET)
The airports regulator has proposed that GMR (operator of New
Delhi airport) to be allowed to raise an additional Rs9.95bn
through passenger levies to partially fund modernization of the
airport. (Mint)
Air India has approved the plan to shift 7,400 employees to a
proposed engineering strategic business unit. (BS)
Toyota’s production facilities would operate at 30% of its capacity
for around 40 days from 25th April. (BS)
The Essar Group will reportedly go ahead with its decision to sell
33% stake in Vodafone Essar for US$5bn in cash despite the order
of the Madras High Court. (BS)
No comments:
Post a Comment