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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Idea Cellular has enrolled one million third generation (3G) users
within the first month of launch in India. (BS)
As per sources, RIL group is in negotiations to buy Bharti's stake
in its insurance JV with AXA. (ET)
As per sources, a Group of Ministers headed by the Finance
Minister, also including the planning commission deputy chairman,
the oil, law and telecom ministers, is likely to meet on 2nd May to
vet Vedanta's proposed acquisition of Cairn India. (BS)
News headlines: Economic and political
TRAI has proposed a sharp cut in interconnect charges. (ET)
Food inflation came in at 8.76%YoY for week ended April 16. (BS)
In its discussion paper on deregulation of savings bank deposit
rate, the RBI has said that while such a measure will improve
transmission of monetary policy, it could also lead to unhealthy
competition among banks and hurt their profitability. (BS)
As per sources, the Cabinet has approved a hike in benchmark
prices of potash and diammonium phosphate (DAP) for the year
ending March 2012, easing the burden of sharply higher
international prices for Indian companies. (BS)
A high-level government panel is expected to approve a new
basket of items to be used in the index for measuring the country's
industrial production soon. As per sources, items like digital
camera, mobile phones and digital disc players will be added to the
list of 350 items. (FE)
News headlines: Corporate
Pipavav Shipyard has signed an agreement with UK-based
Babcock group to jointly build aircraft carriers for the Indian
Navy. (BS)
The Orissa government has signed an MoU with Shiva Cement for
capacity expansion of its cement plant from 0.132mtpsa to 1mtpa
and split grinding unit from 1 to 2.6mtpa involving an investment
of Rs8bn. (BL)
The BSNL board has reportedly sought time till May 15 to submit
its action taken report on irregularities highlighted in the DoT
probe on allocation of franchisees for running Wimax services. (BS)
As per its stock exchange filing, one of DB Realty’s promoters,
Pramod Goenka, has sold over 0.76 per cent stake in the company
through open market transaction. (FE)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Idea Cellular has enrolled one million third generation (3G) users
within the first month of launch in India. (BS)
As per sources, RIL group is in negotiations to buy Bharti's stake
in its insurance JV with AXA. (ET)
As per sources, a Group of Ministers headed by the Finance
Minister, also including the planning commission deputy chairman,
the oil, law and telecom ministers, is likely to meet on 2nd May to
vet Vedanta's proposed acquisition of Cairn India. (BS)
News headlines: Economic and political
TRAI has proposed a sharp cut in interconnect charges. (ET)
Food inflation came in at 8.76%YoY for week ended April 16. (BS)
In its discussion paper on deregulation of savings bank deposit
rate, the RBI has said that while such a measure will improve
transmission of monetary policy, it could also lead to unhealthy
competition among banks and hurt their profitability. (BS)
As per sources, the Cabinet has approved a hike in benchmark
prices of potash and diammonium phosphate (DAP) for the year
ending March 2012, easing the burden of sharply higher
international prices for Indian companies. (BS)
A high-level government panel is expected to approve a new
basket of items to be used in the index for measuring the country's
industrial production soon. As per sources, items like digital
camera, mobile phones and digital disc players will be added to the
list of 350 items. (FE)
News headlines: Corporate
Pipavav Shipyard has signed an agreement with UK-based
Babcock group to jointly build aircraft carriers for the Indian
Navy. (BS)
The Orissa government has signed an MoU with Shiva Cement for
capacity expansion of its cement plant from 0.132mtpsa to 1mtpa
and split grinding unit from 1 to 2.6mtpa involving an investment
of Rs8bn. (BL)
The BSNL board has reportedly sought time till May 15 to submit
its action taken report on irregularities highlighted in the DoT
probe on allocation of franchisees for running Wimax services. (BS)
As per its stock exchange filing, one of DB Realty’s promoters,
Pramod Goenka, has sold over 0.76 per cent stake in the company
through open market transaction. (FE)
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