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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ As per the minutes of the meeting held between RIL, Niko
Resources and DGH on May 2, all three parties opine that output
increase from KG D6 basin may not be possible in next 3 years.
(Mint)
‰ CBI has told JPC that it is investigating two transactions relating to
the Tata group, ownership of Loop Telecom and Aircel-Maxis
deal. (ET)
‰ MoEF gave clean chit to Vedanta’s aluminium refinery plant at
Lanjigarh in Orissa. (BS)
‰ IOC is in talks with foreign players for developing its Ennore
Liquefied Natural Gas terminal project for Rs45bn. (BS)
‰ Maruti Suzuki said that it was losing production worth Rs400m
every day due to strike by workers at its plant in Manesar in
Haryana. (BS)
News headlines: Economic and political
‰ The government is writing to some countries to freeze the assets
of Indians that have not been declared in India and repatriate the
money. (BS)
‰ RBI executive director H R Khan has emerged as the front runner
for the post of deputy governor in the central bank. (BS)
‰ Gross direct tax collections rose over 37%YoY in April-May 2011.
‰ Banks are likely to be allowed to have tie-ups with two sets of
insurance companies — in life, non-life and health insurance
segments. (BS)
‰ BJP has readmitted Madhya Pradesh Chief Minister Uma Bharti to
the party. (BS)
‰ IMD said that conditions are favourable for further advance of
southwest monsoons during next 2-3 days. (BS)
‰ Power deficit has reduced to 10.8% in April 2011, compared to
15.1% in April 2010. (BS)
‰ The government is rethinking its capital infusion plan for state-run
banks after some lenders expressed interest in raising funds
through follow-on public offers. (ET)
News headlines: Corporate
‰ TPG has picked up 15% stake in realty arm of Shriram Group for
R4.5bn. (ET)
‰ Tulip Telecom is planning to raise Rs2.7bn by selling 30% stake
in its data centre business. (BS)
‰ SCI is planning to sell two vessels – a 25-year-old bulk carrier and
a 20-year-old single hull tanker. (BS)
‰ SABMiller India has launched Haywards 5000 and Knockout beer
brands in one-litre PET packs in Maharashtra on a trial basis. (BS)
‰ Italian fashion brand, Naracamacie, is keen to enter the Indian
retail market, and has sought government permission for the
same. (BS)
‰ NMDC agreed to team up with Australia's Minemakers Ltd to
develop a phosphate mine in Wonarah in northern Australia for
total investment of US$1.6bn. (ET)
‰ Enami is setting up 10-member advisory body to guide the
promoters in its succession planning. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ As per the minutes of the meeting held between RIL, Niko
Resources and DGH on May 2, all three parties opine that output
increase from KG D6 basin may not be possible in next 3 years.
(Mint)
‰ CBI has told JPC that it is investigating two transactions relating to
the Tata group, ownership of Loop Telecom and Aircel-Maxis
deal. (ET)
‰ MoEF gave clean chit to Vedanta’s aluminium refinery plant at
Lanjigarh in Orissa. (BS)
‰ IOC is in talks with foreign players for developing its Ennore
Liquefied Natural Gas terminal project for Rs45bn. (BS)
‰ Maruti Suzuki said that it was losing production worth Rs400m
every day due to strike by workers at its plant in Manesar in
Haryana. (BS)
News headlines: Economic and political
‰ The government is writing to some countries to freeze the assets
of Indians that have not been declared in India and repatriate the
money. (BS)
‰ RBI executive director H R Khan has emerged as the front runner
for the post of deputy governor in the central bank. (BS)
‰ Gross direct tax collections rose over 37%YoY in April-May 2011.
‰ Banks are likely to be allowed to have tie-ups with two sets of
insurance companies — in life, non-life and health insurance
segments. (BS)
‰ BJP has readmitted Madhya Pradesh Chief Minister Uma Bharti to
the party. (BS)
‰ IMD said that conditions are favourable for further advance of
southwest monsoons during next 2-3 days. (BS)
‰ Power deficit has reduced to 10.8% in April 2011, compared to
15.1% in April 2010. (BS)
‰ The government is rethinking its capital infusion plan for state-run
banks after some lenders expressed interest in raising funds
through follow-on public offers. (ET)
News headlines: Corporate
‰ TPG has picked up 15% stake in realty arm of Shriram Group for
R4.5bn. (ET)
‰ Tulip Telecom is planning to raise Rs2.7bn by selling 30% stake
in its data centre business. (BS)
‰ SCI is planning to sell two vessels – a 25-year-old bulk carrier and
a 20-year-old single hull tanker. (BS)
‰ SABMiller India has launched Haywards 5000 and Knockout beer
brands in one-litre PET packs in Maharashtra on a trial basis. (BS)
‰ Italian fashion brand, Naracamacie, is keen to enter the Indian
retail market, and has sought government permission for the
same. (BS)
‰ NMDC agreed to team up with Australia's Minemakers Ltd to
develop a phosphate mine in Wonarah in northern Australia for
total investment of US$1.6bn. (ET)
‰ Enami is setting up 10-member advisory body to guide the
promoters in its succession planning. (ET)
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