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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Coal Minister has said that the ministry may review its decision of
cancellation of coal blocks allocated to NTPC. (BS)
Maruti has sacked 11 workers as a strike at its Manesar
manufacturing facility continues. (ET)
HUL and Pepsico are reviving their JV to market Lipton Ice Tea
brand. (BS)
Dr. Reddy’s has launched 3 generic products in the US. (ET)
Bajaj has said that their under development new car platform will
be viable without the Renault deal. Company plans to use the
platform for 3 wheelers and vans too. (BS)
News headlines: Economic and political
EGoM meeting on pricing and utilization of natural gas, scheduled
to be held on 9th June, has been cancelled. (BS)
EGoM meeting on coal has been advanced from 16th June to 9th
June. The EGoM is looking to resolve disputes between the coal
and environment ministries. (BS)
A committee on natural resources allocation has called for creation
of a national coal market to ensure greater transparency and
reduce the demand-supply mismatch for the same. (BS)
Gross direct tax collections for the months of Apr-May’11 rose 37%
YoY to Rs504bn. Net collections though declined by 48% YoY to
Rs130bn on account of accelerated tax refunds. (BS)
Finance Minister has reiterated the fiscal deficit target at 4.6% of
GDP for FY12, though expects revenue growth to slow down. (BS)
The Cabinet Committee on Security (CCS) has cleared a deal with
US for purchase of 10 C-17 heavy lift military aircraft from Boeing
worth US$4.1bn. Boeing will have to invest 30% of the contract
amount in India. (BS)
The DoT has told the Joint Parliamentary Committee (JPC) probing
the 2G telecom issue that ex-telecom minister A Raja had followed
existing rules while allotting licences in 2008. (ET)
News headlines: Corporate
Infoedge’s hiring sentiment index for May has risen by 2% MoM
on the back of strong hiring in telecom, insurance and banking
sectors. (BS)
Adani Power has synchronized its second 660MW thermal power
unit at Mundra, taking its total generation capacity to 2,640MW.
(BS)
Volkswagen has increased the price of its Vento Diesel car by
2.2% following an increase in input costs. (BS)
Kingfisher Airlines has said that it plans to raise US$400m via a
GDR issue. (ET)
Walt Disney is reportedly looking to raise its stake in UTV,
eventually triggering a delisting. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Coal Minister has said that the ministry may review its decision of
cancellation of coal blocks allocated to NTPC. (BS)
Maruti has sacked 11 workers as a strike at its Manesar
manufacturing facility continues. (ET)
HUL and Pepsico are reviving their JV to market Lipton Ice Tea
brand. (BS)
Dr. Reddy’s has launched 3 generic products in the US. (ET)
Bajaj has said that their under development new car platform will
be viable without the Renault deal. Company plans to use the
platform for 3 wheelers and vans too. (BS)
News headlines: Economic and political
EGoM meeting on pricing and utilization of natural gas, scheduled
to be held on 9th June, has been cancelled. (BS)
EGoM meeting on coal has been advanced from 16th June to 9th
June. The EGoM is looking to resolve disputes between the coal
and environment ministries. (BS)
A committee on natural resources allocation has called for creation
of a national coal market to ensure greater transparency and
reduce the demand-supply mismatch for the same. (BS)
Gross direct tax collections for the months of Apr-May’11 rose 37%
YoY to Rs504bn. Net collections though declined by 48% YoY to
Rs130bn on account of accelerated tax refunds. (BS)
Finance Minister has reiterated the fiscal deficit target at 4.6% of
GDP for FY12, though expects revenue growth to slow down. (BS)
The Cabinet Committee on Security (CCS) has cleared a deal with
US for purchase of 10 C-17 heavy lift military aircraft from Boeing
worth US$4.1bn. Boeing will have to invest 30% of the contract
amount in India. (BS)
The DoT has told the Joint Parliamentary Committee (JPC) probing
the 2G telecom issue that ex-telecom minister A Raja had followed
existing rules while allotting licences in 2008. (ET)
News headlines: Corporate
Infoedge’s hiring sentiment index for May has risen by 2% MoM
on the back of strong hiring in telecom, insurance and banking
sectors. (BS)
Adani Power has synchronized its second 660MW thermal power
unit at Mundra, taking its total generation capacity to 2,640MW.
(BS)
Volkswagen has increased the price of its Vento Diesel car by
2.2% following an increase in input costs. (BS)
Kingfisher Airlines has said that it plans to raise US$400m via a
GDR issue. (ET)
Walt Disney is reportedly looking to raise its stake in UTV,
eventually triggering a delisting. (BS)
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