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News Round-up
Need to delink gas, crude prices : Oil ministry to panel. ONGC (ONGC IN), Reliance
(RIL IN) among the companies likely to be affected by deregulation. Once
implemented, producers will get exposed to market forces and the price discovery
will purely be on demand-supply situation. (BSTD)
After entering the polymer business, dominated by RIL (RIL IN), IOC (IOCL IN) plans to
invest USD 1 bn in a polypropylene project at its Paradip refinery. (BSTD)
Tata Motors (TTMT IN) has five months to work out a solution to the Singur
imbroglio, to save the lease agreement from being terminated. (BSTD)
Tata Motors (TTMT IN) will be launching eight more models of its Prime (World Truck)
range this year. (FNLE)
Infosys Technologies (INFO IN) has started offering Indian cooperative banks a cloud
version of its core banking product Finacle, dabbling into what some experts said is a
USD 444 mn market. (FNLE)
SBI (SBIN IN) net profit slumps 99% to USD 4.62mn for the quarter ended March 31,
2011, a number that is one of the lowest among listed banks. (ECNT)
BSNL has started talks on synergising operations with MTNL (MTNL IN) which offers
telecom services in Delhi and Mumbai. (BSTD)
MTNL (MTNL IN) is planning to restructure its USD 1.55 bn loans taken for buying 3G
and BWA spectrum last year. (FNLE)
JSW Steel (JSTL IN) will raise about USD 2.35 bn debt in the current financial year for
its proposed steel plant in West Bengal. (BSTD)
Dr Reddy's Laboratories (DRRD IN) gets rights to sell, distribute Deflux in India. (FNLE)
Force Motor (FML IN) is planning to launch an 8-9 seater premium Multi-Purpose
Vehicle (MPV) by next year. (THBL)
Aurobindo Pharma Australia Private Ltd, a wholly-owned subsidiary of Aurobindo
Pharma Ltd (ARBP IN), has received approval for Risperidone and Alendronate tablets
from the Therapeutic Goods Administration (TGA), Australia. (THBL)
Bartronics (BAIL IN) may go for divestment of subsidiaries post revamp. To invest USD
22 mn on expansion. (THBL)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Round-up
Need to delink gas, crude prices : Oil ministry to panel. ONGC (ONGC IN), Reliance
(RIL IN) among the companies likely to be affected by deregulation. Once
implemented, producers will get exposed to market forces and the price discovery
will purely be on demand-supply situation. (BSTD)
After entering the polymer business, dominated by RIL (RIL IN), IOC (IOCL IN) plans to
invest USD 1 bn in a polypropylene project at its Paradip refinery. (BSTD)
Tata Motors (TTMT IN) has five months to work out a solution to the Singur
imbroglio, to save the lease agreement from being terminated. (BSTD)
Tata Motors (TTMT IN) will be launching eight more models of its Prime (World Truck)
range this year. (FNLE)
Infosys Technologies (INFO IN) has started offering Indian cooperative banks a cloud
version of its core banking product Finacle, dabbling into what some experts said is a
USD 444 mn market. (FNLE)
SBI (SBIN IN) net profit slumps 99% to USD 4.62mn for the quarter ended March 31,
2011, a number that is one of the lowest among listed banks. (ECNT)
BSNL has started talks on synergising operations with MTNL (MTNL IN) which offers
telecom services in Delhi and Mumbai. (BSTD)
MTNL (MTNL IN) is planning to restructure its USD 1.55 bn loans taken for buying 3G
and BWA spectrum last year. (FNLE)
JSW Steel (JSTL IN) will raise about USD 2.35 bn debt in the current financial year for
its proposed steel plant in West Bengal. (BSTD)
Dr Reddy's Laboratories (DRRD IN) gets rights to sell, distribute Deflux in India. (FNLE)
Force Motor (FML IN) is planning to launch an 8-9 seater premium Multi-Purpose
Vehicle (MPV) by next year. (THBL)
Aurobindo Pharma Australia Private Ltd, a wholly-owned subsidiary of Aurobindo
Pharma Ltd (ARBP IN), has received approval for Risperidone and Alendronate tablets
from the Therapeutic Goods Administration (TGA), Australia. (THBL)
Bartronics (BAIL IN) may go for divestment of subsidiaries post revamp. To invest USD
22 mn on expansion. (THBL)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
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