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News headlines: Corporate
Crompton Greaves has acquired Sweden-based Emotoron
Group in a deal worth 57.8mn euros. (BS)
Air India’s spokesperson has stated that the company is in final
stages of discussions with banks for restructuring its Rs200bn debt
and expects to complete the formalities by end-June. (BS)
The government has approved the proposal to set up Neyveli
Lignite's Rs59bn lignite-based thermal power project in Tamil
Nadu. (BS)
RIL is reported to be in negotiation with AmEx to form a JV that
could offer services such as payment gateways. (ET)
Petroleum and Natural Gas Regulatory Board (PNGRB) has rejected
Adani group's application for setting up a city gas distribution
network in Jaipur and Udaipur. (BS)
News headlines: Economic and political
RBI’s governor has stated that it would be very difficult for the
government to attain its 4.6% fiscal deficit target. (ET)
As per sources, unavailability of some ministers could delay the
meeting of the Empowered Group of Ministers (EGOM) to decide on
petrol price hike beyond the next week. (BS)
The central government has approved a Rs13.5bn five-year project
ending 2016, for the construction, upgradation and improvement
of 433 km-long road in six North-East states. (BL)
Calling for market-determined pricing of natural gas, a high-level
government committee headed by former Finance Secretary has
recommended the use of gas as an industrial fuel and for cooking
and transport purposes instead of burning it in power and fertiliser
plants. (BS)
Continuing on its downward trajectory, food inflation as measured
by WPI slipped further to 7.47%YoY for week ended May 7. (BS)
News headlines: Corporate
The government has decided to divest its entire 95% stake in
Scooters India Limited. (FE)
Global brand consultancy Interbrand has valued the Godrej group
brand at US$3bn. (FE)
Ashok Leyland has announced a capex of Rs8-10bn for FY12.
(BS)
Triveni Engineering & Industries expects to list its demerged
turbine business, Triveni Turbine, by June-end or early July. (BS)
SAIL is keen to set up a steel plant in Afghanistan if the country
provides infrastructure support and raw material sources. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Crompton Greaves has acquired Sweden-based Emotoron
Group in a deal worth 57.8mn euros. (BS)
Air India’s spokesperson has stated that the company is in final
stages of discussions with banks for restructuring its Rs200bn debt
and expects to complete the formalities by end-June. (BS)
The government has approved the proposal to set up Neyveli
Lignite's Rs59bn lignite-based thermal power project in Tamil
Nadu. (BS)
RIL is reported to be in negotiation with AmEx to form a JV that
could offer services such as payment gateways. (ET)
Petroleum and Natural Gas Regulatory Board (PNGRB) has rejected
Adani group's application for setting up a city gas distribution
network in Jaipur and Udaipur. (BS)
News headlines: Economic and political
RBI’s governor has stated that it would be very difficult for the
government to attain its 4.6% fiscal deficit target. (ET)
As per sources, unavailability of some ministers could delay the
meeting of the Empowered Group of Ministers (EGOM) to decide on
petrol price hike beyond the next week. (BS)
The central government has approved a Rs13.5bn five-year project
ending 2016, for the construction, upgradation and improvement
of 433 km-long road in six North-East states. (BL)
Calling for market-determined pricing of natural gas, a high-level
government committee headed by former Finance Secretary has
recommended the use of gas as an industrial fuel and for cooking
and transport purposes instead of burning it in power and fertiliser
plants. (BS)
Continuing on its downward trajectory, food inflation as measured
by WPI slipped further to 7.47%YoY for week ended May 7. (BS)
News headlines: Corporate
The government has decided to divest its entire 95% stake in
Scooters India Limited. (FE)
Global brand consultancy Interbrand has valued the Godrej group
brand at US$3bn. (FE)
Ashok Leyland has announced a capex of Rs8-10bn for FY12.
(BS)
Triveni Engineering & Industries expects to list its demerged
turbine business, Triveni Turbine, by June-end or early July. (BS)
SAIL is keen to set up a steel plant in Afghanistan if the country
provides infrastructure support and raw material sources. (BS)
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