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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Hindustan Unilever is planning to spin off its exports business
into a wholly owned subsidiary. (BS)
Reliance Industries has cut natural gas supplies to non-core
users following orders from the Ministry of Petroleum and Natural
Gas. (BS)
GVK Power & Infrastructure plans to bid for 25 road projects in
FY12 and also plans to monetise a 3.5m sq ft of land at Mumbai
Airport in the next 2-3 months. (BS)
Tata Motors’ subsidiary Jaguar Land Rover is planning to raise
£1bn of GBP and USD denominated bonds. (Mint)
News headlines: Economic and political
The Supreme Court has stayed the decision of the Allahabad High
Court on the Ayodhya dispute. (Mint)
Outsourcing or subcontracting activities in the construction of
infrastructure projects will now attract service tax even in exempt
sectors. (ET)
Indian car sales grew 13.2% YoY in April while two wheeler sales
grew 26.4% YoY and commercial vehicles 8.2% YoY. (BS)
The Employee Provident Fund Organisation (EPFO) may lower
interest rates paid to subscribers in FY12. (BS)
The RBI Governor has said that India will keep its anti-inflationary
stance even if that means sacrificing growth in the short term. (ET)
News headlines: Corporate
Dr Reddy’s Labs is reportedly looking to acquire Doktor Mom, an
OTC drugs brand. (BS)
Welspun Corp has received orders worth Rs 7.9bn for plates,
coating and other line pipe items. (BS)
Reliance Industries has cut headcount by 3% in FY11 and is
considering a new variable pay model linked to accountability and
responsibility. (BS)
Development Credit Bank and Kotak Mahindra Bank have
raised lending rates by 50bps while Yes Bank has raised term
deposit rates by 50bps. (Mint)
Tata Motors has begun to export the Nano with 498 units shipped
in April and a formal announcement is expected shortly. (BS)
JSW Energy has successfully commissioned the third unit of its
300 MW project at Ratnagiri. (BS)
Mundra Port FY11 net profit Rs9.18bn, +36% YoY. (BS)
Hindustan Unilever 4QFY11 net profit Rs5.69bn, -2% YoY. (BS)
Adani Power 4QFY11 net profit Rs1.74bn, +77% YoY. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Hindustan Unilever is planning to spin off its exports business
into a wholly owned subsidiary. (BS)
Reliance Industries has cut natural gas supplies to non-core
users following orders from the Ministry of Petroleum and Natural
Gas. (BS)
GVK Power & Infrastructure plans to bid for 25 road projects in
FY12 and also plans to monetise a 3.5m sq ft of land at Mumbai
Airport in the next 2-3 months. (BS)
Tata Motors’ subsidiary Jaguar Land Rover is planning to raise
£1bn of GBP and USD denominated bonds. (Mint)
News headlines: Economic and political
The Supreme Court has stayed the decision of the Allahabad High
Court on the Ayodhya dispute. (Mint)
Outsourcing or subcontracting activities in the construction of
infrastructure projects will now attract service tax even in exempt
sectors. (ET)
Indian car sales grew 13.2% YoY in April while two wheeler sales
grew 26.4% YoY and commercial vehicles 8.2% YoY. (BS)
The Employee Provident Fund Organisation (EPFO) may lower
interest rates paid to subscribers in FY12. (BS)
The RBI Governor has said that India will keep its anti-inflationary
stance even if that means sacrificing growth in the short term. (ET)
News headlines: Corporate
Dr Reddy’s Labs is reportedly looking to acquire Doktor Mom, an
OTC drugs brand. (BS)
Welspun Corp has received orders worth Rs 7.9bn for plates,
coating and other line pipe items. (BS)
Reliance Industries has cut headcount by 3% in FY11 and is
considering a new variable pay model linked to accountability and
responsibility. (BS)
Development Credit Bank and Kotak Mahindra Bank have
raised lending rates by 50bps while Yes Bank has raised term
deposit rates by 50bps. (Mint)
Tata Motors has begun to export the Nano with 498 units shipped
in April and a formal announcement is expected shortly. (BS)
JSW Energy has successfully commissioned the third unit of its
300 MW project at Ratnagiri. (BS)
Mundra Port FY11 net profit Rs9.18bn, +36% YoY. (BS)
Hindustan Unilever 4QFY11 net profit Rs5.69bn, -2% YoY. (BS)
Adani Power 4QFY11 net profit Rs1.74bn, +77% YoY. (BS)
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