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India Equity Research Reports, IPO and Stock News
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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)
News headlines: Corporate
The committee set up to find a successor to Tata group Chairman
Ratan Tata has reportedly shortlisted around 11 candidates. (BS)
Reliance has approached SEBI for the third time seeking an out of
court settlement to the charges of insider trading. (ET)
L&T has secured a contract worth Rs14.5bn from Gujarat State
Petroleum Corporation. (ET)
News headlines: Economic and political
RBI has tightened prudential norms for banks and increased the
provisioning requirement for bad loans by up to 10%. (BS)
The government is likely to take a decision in the next three
months on allowing FDI in multi-brand retail. (BS)
The power Ministry is planning to make a case for temporary ban
on coal E-auction during its meeting with prime minister on 7-Jun.
(BS)
Oil Ministry has raised the commission for petrol pump owners
which would result in a marginal rise in the prices of diesel and
petrol. (ET)
The revenue secretary has stated that the Duty Entitlement Pass
Book Scheme (DEPB) which gives tax incentives to exporters will
end on 30-Jun-11. (FE)
News headlines: Corporate
Bajaj Auto’s adjusted net earnings for 4QFY11 rose 27% YoY to
Rs6.8bn. (BS)
Air India’s promotional scheme offering reduced fares has
triggered a price war among airlines. (ET)
Reliance ADA Group is planning to invest US$5-10bn in mining
infrastructure in Indonesia. (BS)
The Coal India board has referred the proposal to pick up a 15%
stake in US based Peabody Energy’s US$600m Wilkie Creek
mining project in Australia to the coal ministry. (ET)
Dabur is planning to set up two new factories and introduce more
products in Africa. (ET)
After a gap of nine months, Orrissa government resumed land
acquisition work for the Rs520bn Posco steel plant. (BL)
Bajaj Auto is planning to enter into Brazil, the world’s third
largest market, with the KTM Duke by the year-end. (BL)
Indian GSM telecom operators added 11.1m subscribers in Apr-11,
taking the subscriber base to 580.7m. (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)
News headlines: Corporate
The committee set up to find a successor to Tata group Chairman
Ratan Tata has reportedly shortlisted around 11 candidates. (BS)
Reliance has approached SEBI for the third time seeking an out of
court settlement to the charges of insider trading. (ET)
L&T has secured a contract worth Rs14.5bn from Gujarat State
Petroleum Corporation. (ET)
News headlines: Economic and political
RBI has tightened prudential norms for banks and increased the
provisioning requirement for bad loans by up to 10%. (BS)
The government is likely to take a decision in the next three
months on allowing FDI in multi-brand retail. (BS)
The power Ministry is planning to make a case for temporary ban
on coal E-auction during its meeting with prime minister on 7-Jun.
(BS)
Oil Ministry has raised the commission for petrol pump owners
which would result in a marginal rise in the prices of diesel and
petrol. (ET)
The revenue secretary has stated that the Duty Entitlement Pass
Book Scheme (DEPB) which gives tax incentives to exporters will
end on 30-Jun-11. (FE)
News headlines: Corporate
Bajaj Auto’s adjusted net earnings for 4QFY11 rose 27% YoY to
Rs6.8bn. (BS)
Air India’s promotional scheme offering reduced fares has
triggered a price war among airlines. (ET)
Reliance ADA Group is planning to invest US$5-10bn in mining
infrastructure in Indonesia. (BS)
The Coal India board has referred the proposal to pick up a 15%
stake in US based Peabody Energy’s US$600m Wilkie Creek
mining project in Australia to the coal ministry. (ET)
Dabur is planning to set up two new factories and introduce more
products in Africa. (ET)
After a gap of nine months, Orrissa government resumed land
acquisition work for the Rs520bn Posco steel plant. (BL)
Bajaj Auto is planning to enter into Brazil, the world’s third
largest market, with the KTM Duke by the year-end. (BL)
Indian GSM telecom operators added 11.1m subscribers in Apr-11,
taking the subscriber base to 580.7m. (BS)
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