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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The Oil Ministry has asked RIL to stop natural gas sales to noncore
users and to meet the full demand of fertilizer and power
plants first. (BS)
Tata Steel has said that it will remain invested in Australian
mining firm Riversdale, which was acquired by global mining giant
Rio Tinto earlier this month. (BS)
Honda Motors will cut production in India by 50% from May due
to components supply constraints, following the earthquake and
tsunami in Japan last month. (ET)
News headlines: Economic and political
India has agreed to lift ban on export of fuels to Pakistan. (ET)
Food Ministry and Agriculture Ministry are reportedly against each
other on lifting of ban on wheat exports with the former saying
that overseas shipments of the grain could lead to rise in domestic
prices. (BS)
IRDA has said that sale of new life insurance policies fell 10% YoY
to 48m in FY11. (ET)
News headlines: Corporate
Maruti reported 4QFY11 net profit of Rs6.6bn, flat YoY. (FE)
Sterlite reported 4QFY11 net profit of Rs19.3bn, +35% YoY. (FE)
Sun Pharma will sell Merck’s diabetes drugs in India. (ET)
Ranbaxy has launched generic Olanzapine tablets, used in
treating central nervous system disorders in Spain. (BS)
Wockhardt has received tentative approval from the US health
regulator to sell generic version of Aricept tablets, used in the
treatment of Alzheimer's disease and dementia. (BS)
A year after breaking up its JV with Renault, M&M has renamed
the 'Logan' sedan as 'Verito’. (ET)
ONGC has started drilling a second well at Aliabet in Gulf of
Cambay after striking gas there on its very first drilling. (BS)
RIL’s logistics business head has said that Rewas Port and LNG
Terminal project have been put on hold. (ET)
Supreme Court has issued notices to ONGC and Punj Lloyd on
off-shore construction major Swiber's plea challenging the Bombay
High Court order which had set aside an US$125m ONGC contract
to it for laying off-shore pipelines. (BS)
Geometric reported 4QFY11 net profit of Rs178m, +51% YoY.
(FE)
BILT reported 3QFY11 net profit of Rs606m, +10% YoY. (FE)
Kalpataru Power Transmission has bagged three orders worth
over Rs13bn, including those from Ukraine and Tanzania. (BS)
German automaker Daimler today said it will set up a nonbanking
financial services firm in India with an initial investment of
over US$50m to enable financing of its vehicles to consumers. (FE)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The Oil Ministry has asked RIL to stop natural gas sales to noncore
users and to meet the full demand of fertilizer and power
plants first. (BS)
Tata Steel has said that it will remain invested in Australian
mining firm Riversdale, which was acquired by global mining giant
Rio Tinto earlier this month. (BS)
Honda Motors will cut production in India by 50% from May due
to components supply constraints, following the earthquake and
tsunami in Japan last month. (ET)
News headlines: Economic and political
India has agreed to lift ban on export of fuels to Pakistan. (ET)
Food Ministry and Agriculture Ministry are reportedly against each
other on lifting of ban on wheat exports with the former saying
that overseas shipments of the grain could lead to rise in domestic
prices. (BS)
IRDA has said that sale of new life insurance policies fell 10% YoY
to 48m in FY11. (ET)
News headlines: Corporate
Maruti reported 4QFY11 net profit of Rs6.6bn, flat YoY. (FE)
Sterlite reported 4QFY11 net profit of Rs19.3bn, +35% YoY. (FE)
Sun Pharma will sell Merck’s diabetes drugs in India. (ET)
Ranbaxy has launched generic Olanzapine tablets, used in
treating central nervous system disorders in Spain. (BS)
Wockhardt has received tentative approval from the US health
regulator to sell generic version of Aricept tablets, used in the
treatment of Alzheimer's disease and dementia. (BS)
A year after breaking up its JV with Renault, M&M has renamed
the 'Logan' sedan as 'Verito’. (ET)
ONGC has started drilling a second well at Aliabet in Gulf of
Cambay after striking gas there on its very first drilling. (BS)
RIL’s logistics business head has said that Rewas Port and LNG
Terminal project have been put on hold. (ET)
Supreme Court has issued notices to ONGC and Punj Lloyd on
off-shore construction major Swiber's plea challenging the Bombay
High Court order which had set aside an US$125m ONGC contract
to it for laying off-shore pipelines. (BS)
Geometric reported 4QFY11 net profit of Rs178m, +51% YoY.
(FE)
BILT reported 3QFY11 net profit of Rs606m, +10% YoY. (FE)
Kalpataru Power Transmission has bagged three orders worth
over Rs13bn, including those from Ukraine and Tanzania. (BS)
German automaker Daimler today said it will set up a nonbanking
financial services firm in India with an initial investment of
over US$50m to enable financing of its vehicles to consumers. (FE)
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