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News Headlines
Economy eager to absorb FDI - PM Singh (Reuters)
India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said on Thursday in the Chinese town of Sanya in a statement at the BRICS summit.
RBI survey to gauge manufacturing growth (ET)
The Reserve Bank of India (RBI) on Thursday launched its Industrial Outlook Survey for April-June, 2011 period to gauge the progress of the manufacturing sector that has pulled down industrial growth.
Taming inflation means trading off growth: Finance Minister Pranab Mukherjee (ET)
In an interview in January this year, Chidambaram admitted to a "governance deficit in some areas" and perhaps "also an ethical deficit".
India, Iran seeking to settle oil payments in non-euro currencies (Reuters)
India and Iran are talking to non-euro countries and territories to settle payments for Iranian oil imports to the Asian nation.
A third of banks' MFI loans go into restructuring (BS)
Almost a third of loans that banks have given to microfinance institutions (MFI) have been admitted for restructuring. This follows the inability of MFIs to repay.
Govt offers 50% cut in recently hiked jantri rates (ET)
After a stir by real estate developers in Gujarat over recent revision of jantri rates, the Gujarat government on Thursday further announced a 50% reduction in Jantri rates.
Top banks' Q4 seen strong on loan demand (Reuters)
Credit growth at India's leading banks is likely to slow down in the coming months after a series of interest rate hikes in Asia's third-largest economy to tame inflation and margins may come under pressure due to rise in deposit rates.
Reliance Industries defies oil ministry order (ET)
RIL has refused to sell natural gas to power & fertiliser plants by cutting supplies to sectors like steel, refineries citing financial and legal implications.
Fortis says to buy 86 pct in group firm SRL (Reuters)
Fortis Healthcare said on Thursday it will buy an 86 percent stake in diagnostic services firm Super Religare Laboratories Ltd for an undisclosed sum in a bid to expand its business verticals.
Indonesia says Coal India to invest $3 bln in coal, steel (Reuters)
Coal India plans to invest up to $3 billlion in a coking coal mine, steel plant and a seaport on Indonesia's Kalimantan island, Agustin Teras Narang.
Branson's Virgin to exit India marketing JV with Tata Tele (Reuters)
Virgin Group will exit a marketing joint venture in India with Tata Teleservices, with the latter agreeing to buy out the 50% stake that Virgin holds for a undisclosed sum.
NTPC to go ahead with Kawas tender (BS)
State-run power producer NTPC Ltd has decided to go ahead with a Rs 2,600-crore tender for expansion of its gas-based Kawas project in Gujarat.
Ashok Leyland to invest Rs 200 cr in product development (BS)
Commercial vehicle maker Ashok Leyland is gearing up to launch its construction vehicles in July or August this year, and plans to enter the light commercial vehicle segment jointly with Nissan in the next quarter.
HUL to fill in white spaces with re-launches, brand extensions (ET)
Aiming to double its sales by 2015, HUL is looking at a slew of strategies, including re-launches, to garner the largest pie.
Essar seeks RBI nod to sell 11% stake to Vodafone at discount (ET)
Essar has approached RBI seeking to sell 10.97% equity in Vodafone Essar for $1.2 bn, which the co says is lower than the fair value of $ 1.72 bn.
Commodity Price Swings Seen Threatening World Recovery, Needing Regulation (Bloomberg Finance LP)
The leaders of Brazil, Russia, India, China and South Africa said excessively volatile commodity prices pose a threat to the global economy and called for greater regulation of derivatives markets.
China Reserves Exceed $3 Trillion as Wen Resists Yuan Pressure (Bloomberg Finance LP)
China’s foreign-exchange reserves exceeded $3 trillion for the first time, highlighting global imbalances that Group of 20 finance chiefs aim to tackle.
Japan's Noda Says He Will Call for Continued Currency Cooperation at G-7 (Bloomberg Finance LP)
Japanese Finance Minister Yoshihiko Noda said he will call for continued cooperation on currencies at a meeting of Group of Seven officials today in Washington
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Economy eager to absorb FDI - PM Singh (Reuters)
India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said on Thursday in the Chinese town of Sanya in a statement at the BRICS summit.
RBI survey to gauge manufacturing growth (ET)
The Reserve Bank of India (RBI) on Thursday launched its Industrial Outlook Survey for April-June, 2011 period to gauge the progress of the manufacturing sector that has pulled down industrial growth.
Taming inflation means trading off growth: Finance Minister Pranab Mukherjee (ET)
In an interview in January this year, Chidambaram admitted to a "governance deficit in some areas" and perhaps "also an ethical deficit".
India, Iran seeking to settle oil payments in non-euro currencies (Reuters)
India and Iran are talking to non-euro countries and territories to settle payments for Iranian oil imports to the Asian nation.
A third of banks' MFI loans go into restructuring (BS)
Almost a third of loans that banks have given to microfinance institutions (MFI) have been admitted for restructuring. This follows the inability of MFIs to repay.
Govt offers 50% cut in recently hiked jantri rates (ET)
After a stir by real estate developers in Gujarat over recent revision of jantri rates, the Gujarat government on Thursday further announced a 50% reduction in Jantri rates.
Top banks' Q4 seen strong on loan demand (Reuters)
Credit growth at India's leading banks is likely to slow down in the coming months after a series of interest rate hikes in Asia's third-largest economy to tame inflation and margins may come under pressure due to rise in deposit rates.
Reliance Industries defies oil ministry order (ET)
RIL has refused to sell natural gas to power & fertiliser plants by cutting supplies to sectors like steel, refineries citing financial and legal implications.
Fortis says to buy 86 pct in group firm SRL (Reuters)
Fortis Healthcare said on Thursday it will buy an 86 percent stake in diagnostic services firm Super Religare Laboratories Ltd for an undisclosed sum in a bid to expand its business verticals.
Indonesia says Coal India to invest $3 bln in coal, steel (Reuters)
Coal India plans to invest up to $3 billlion in a coking coal mine, steel plant and a seaport on Indonesia's Kalimantan island, Agustin Teras Narang.
Branson's Virgin to exit India marketing JV with Tata Tele (Reuters)
Virgin Group will exit a marketing joint venture in India with Tata Teleservices, with the latter agreeing to buy out the 50% stake that Virgin holds for a undisclosed sum.
NTPC to go ahead with Kawas tender (BS)
State-run power producer NTPC Ltd has decided to go ahead with a Rs 2,600-crore tender for expansion of its gas-based Kawas project in Gujarat.
Ashok Leyland to invest Rs 200 cr in product development (BS)
Commercial vehicle maker Ashok Leyland is gearing up to launch its construction vehicles in July or August this year, and plans to enter the light commercial vehicle segment jointly with Nissan in the next quarter.
HUL to fill in white spaces with re-launches, brand extensions (ET)
Aiming to double its sales by 2015, HUL is looking at a slew of strategies, including re-launches, to garner the largest pie.
Essar seeks RBI nod to sell 11% stake to Vodafone at discount (ET)
Essar has approached RBI seeking to sell 10.97% equity in Vodafone Essar for $1.2 bn, which the co says is lower than the fair value of $ 1.72 bn.
Commodity Price Swings Seen Threatening World Recovery, Needing Regulation (Bloomberg Finance LP)
The leaders of Brazil, Russia, India, China and South Africa said excessively volatile commodity prices pose a threat to the global economy and called for greater regulation of derivatives markets.
China Reserves Exceed $3 Trillion as Wen Resists Yuan Pressure (Bloomberg Finance LP)
China’s foreign-exchange reserves exceeded $3 trillion for the first time, highlighting global imbalances that Group of 20 finance chiefs aim to tackle.
Japan's Noda Says He Will Call for Continued Currency Cooperation at G-7 (Bloomberg Finance LP)
Japanese Finance Minister Yoshihiko Noda said he will call for continued cooperation on currencies at a meeting of Group of Seven officials today in Washington
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