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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Posco can finally go ahead with its US$12bn project in Orissa. The
environment ministry gave the Orissa government the go-ahead
for using 1,253 hectares forest land for the project. (BS)
Reliance Industries is to present, in a fortnight, a plan to the
petroleum ministry to drill another 11 gas wells in the D6 field of
the Krishna-Godavari basin, where output has been falling. (BS)
Air India has cancelled 90% of its domestic flights. The carrier is
estimated to have incurred revenue losses of Rs0.5bn in a week.
(BS)
News headlines: Economic and political
Telephony and power generation will no more be counted as
infrastructure with the Union government set to notify 25 sectors
as infrastructure. (BS)
Merchandise export in March reached US$29.13bn, up 43.8% YoY,
while imports grew 17.2% YoY to US$34.74bn. (BS)
The government will likely come out with new norms to determine
the fuel efficiency of vehicles by the end of this month, seeking to
encourage the use of eco-friendly vehicles to combat pollution.
(ET)
News headlines: Corporate
Three Indian coal exploration companies - Mining Associates,
Indu-CBS Joint Venture and Kartikeyan - have bid for Coal
India's contract for exploring its Mozambique coal blocks. (ET)
BEML, has received an order for Rs9.3bn from the Delhi Metro Rail
Corporation for the supply of 136 intermediate metro cars. (BS)
Indian Overseas Bank plans to form a joint venture company to
market in-house developed software solutions to other banks by
the end of September. (BS)
The follow on public offer Power Finance Corporation (PFC) will
open on May 10, making it the first disinvestment by the
government this financial year. (BS)
Spice Mobility will invest Rs10bn in this fiscal for building new
offices, expanding its retail portfolio , product innovation , research
and development and buying companies. (ET)
Reliance Infrastructure commissioned the second power line of its
1,500-km Western Region System Strengthening Scheme. (BS)
HDFC Life plans to raise funds through an IPO of 10% of the
current capital base by the year-end. (BS)
Birla Power Solutions is looking at raising up to $100 million in
the current financial year from private equity players to part
finance its diversification plans. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Posco can finally go ahead with its US$12bn project in Orissa. The
environment ministry gave the Orissa government the go-ahead
for using 1,253 hectares forest land for the project. (BS)
Reliance Industries is to present, in a fortnight, a plan to the
petroleum ministry to drill another 11 gas wells in the D6 field of
the Krishna-Godavari basin, where output has been falling. (BS)
Air India has cancelled 90% of its domestic flights. The carrier is
estimated to have incurred revenue losses of Rs0.5bn in a week.
(BS)
News headlines: Economic and political
Telephony and power generation will no more be counted as
infrastructure with the Union government set to notify 25 sectors
as infrastructure. (BS)
Merchandise export in March reached US$29.13bn, up 43.8% YoY,
while imports grew 17.2% YoY to US$34.74bn. (BS)
The government will likely come out with new norms to determine
the fuel efficiency of vehicles by the end of this month, seeking to
encourage the use of eco-friendly vehicles to combat pollution.
(ET)
News headlines: Corporate
Three Indian coal exploration companies - Mining Associates,
Indu-CBS Joint Venture and Kartikeyan - have bid for Coal
India's contract for exploring its Mozambique coal blocks. (ET)
BEML, has received an order for Rs9.3bn from the Delhi Metro Rail
Corporation for the supply of 136 intermediate metro cars. (BS)
Indian Overseas Bank plans to form a joint venture company to
market in-house developed software solutions to other banks by
the end of September. (BS)
The follow on public offer Power Finance Corporation (PFC) will
open on May 10, making it the first disinvestment by the
government this financial year. (BS)
Spice Mobility will invest Rs10bn in this fiscal for building new
offices, expanding its retail portfolio , product innovation , research
and development and buying companies. (ET)
Reliance Infrastructure commissioned the second power line of its
1,500-km Western Region System Strengthening Scheme. (BS)
HDFC Life plans to raise funds through an IPO of 10% of the
current capital base by the year-end. (BS)
Birla Power Solutions is looking at raising up to $100 million in
the current financial year from private equity players to part
finance its diversification plans. (ET)
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