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News Headlines
Bonds Slump Most in 15 Months on Deficit Setback: India Credit (Bloomberg Finance LP)
India’s corporate bond market is signaling that the government might fail to meet its target of cutting the budget deficit to a four-year low.
RBI sees no stress on liquidity in short term (Reuters)
The Reserve Bank of India is closely monitoring liquidity in the banking system and does not see any sign of stress as of now, going by the current call rates, one of its deputy governors said on Monday.
Net direct tax mop-up dips on high refunds (BS)
Net direct tax collections fell sharply by 47.9 per cent to Rs 12,954 crore in the first two months of the current financial year, as refunds during the period more than doubled compared to last year.
Savings rate deregulation will spawn innovative products(ET)
The RBI has signalled its intention to deregulate savings account rates. This is a significant move considering that savings and current account rates are the only two deposit rates currently regulated by the central bank.
M&As, PE deals take a hit, stoops at $5.38 billion in May 2011(ET)
Deal flow in terms of mergers and acquisitions (M&A) and private equity (PE) transactions gathered pace in May 2011 even as the total deal size took a hit.
India Plans Biggest Highway Exp. With $12 Bln Projects (Bloomberg Finance LP)
India will award 550 billion rupees ($12 billion) of highway construction projects this year, its biggest expansion, as the nation aims to remove infrastructure bottlenecks that hinder economic growth.
Life Insurance to Boost Inv. in Stocks, Bonds by 8% (Bloomberg Finance LP)
Life Insurance of India plans to increase investments in stocks and bonds by about 8 percent this fiscal year as its premium collections climb.
More delay seen in iron ore exports from Karnataka (Reuters)
Karnataka could start issuing iron ore shipment permits within 15 days, two month after an export ban was lifted, but traders said they did not expect overseas sales to pick up before September when monsoon traditionally ends
RIL Slides as Ambani Fails to Explain Gas Output Drop (Bloomberg Finance LP)
RIL India’s biggest company by market value, declined the most in more than two weeks after Chairman Mukesh Ambani failed to indicate when the company will increase natural gas production.
Bankers meet government on ONGC disinvestment (ET)
The gov’t plans to raise Rs 13,000 crore by selling a 5% stake in the state run firm. Gov’t's holding in ONGC will come down to 69.14% from 74.14%.
Adani Power to supply 600 MW to Uttar Pradesh (Reuters)
Adani Power has received a letter of intent from the Uttar Pradesh government to supply 600 MW of power at 4.71 rupees per KWh starting July.
NMDC in deal to develop Australian phosphate (Reuters)
Iron ore miner NMDC it had signed a deal with Minemakers Ltd to develop phosphate deposits in Australia.
GAIL's plan to produce natural gas-based power gets nod (BS)
GAIL India, the country’s biggest gas marketer, has received its board’s approval for a foray into natural gas-based power generation. It will set up its first power plant at Uran in Maharashtra with an investment of around Rs 800 crore.
Aditya Birla Nuvo needs to tackle rising costs that hurt margins (ET)
Aditya Birla Nuvo's March '11 quarter results, excluding telecom firm Idea Cellular , were substantially better as the company continued with the trend seen in past four quarters. In the past few quarters, it was mainly the turnaround in textiles.
IMF Says U.K.Budget Cuts, Band of England Policies Appropriate (Bloomberg Finance LP)
U.K. Prime Minister’s government should stick to its deficit-cutting plan as the current economic weakness is “temporary,” the International Monetary Fund said.
Slowing Growth Sows Doubts Among Optimists (Bloomberg Finance LP)
A string of disappointing econ. data capped by last week’s jobs report is prompting even some of the more opt. econ. to question the durability of the U.S. recovery.
Funds Boost Bullish Commodity Bets Amid Improving Global Growth Prospects (Bloomberg Finance LP)
Funds boosted bets on rising commodity prices to the highest in four weeks, led by copper, amid signs that the global economic recovery will remain resilient and boost demand for raw materials.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Bonds Slump Most in 15 Months on Deficit Setback: India Credit (Bloomberg Finance LP)
India’s corporate bond market is signaling that the government might fail to meet its target of cutting the budget deficit to a four-year low.
RBI sees no stress on liquidity in short term (Reuters)
The Reserve Bank of India is closely monitoring liquidity in the banking system and does not see any sign of stress as of now, going by the current call rates, one of its deputy governors said on Monday.
Net direct tax mop-up dips on high refunds (BS)
Net direct tax collections fell sharply by 47.9 per cent to Rs 12,954 crore in the first two months of the current financial year, as refunds during the period more than doubled compared to last year.
Savings rate deregulation will spawn innovative products(ET)
The RBI has signalled its intention to deregulate savings account rates. This is a significant move considering that savings and current account rates are the only two deposit rates currently regulated by the central bank.
M&As, PE deals take a hit, stoops at $5.38 billion in May 2011(ET)
Deal flow in terms of mergers and acquisitions (M&A) and private equity (PE) transactions gathered pace in May 2011 even as the total deal size took a hit.
India Plans Biggest Highway Exp. With $12 Bln Projects (Bloomberg Finance LP)
India will award 550 billion rupees ($12 billion) of highway construction projects this year, its biggest expansion, as the nation aims to remove infrastructure bottlenecks that hinder economic growth.
Life Insurance to Boost Inv. in Stocks, Bonds by 8% (Bloomberg Finance LP)
Life Insurance of India plans to increase investments in stocks and bonds by about 8 percent this fiscal year as its premium collections climb.
More delay seen in iron ore exports from Karnataka (Reuters)
Karnataka could start issuing iron ore shipment permits within 15 days, two month after an export ban was lifted, but traders said they did not expect overseas sales to pick up before September when monsoon traditionally ends
RIL Slides as Ambani Fails to Explain Gas Output Drop (Bloomberg Finance LP)
RIL India’s biggest company by market value, declined the most in more than two weeks after Chairman Mukesh Ambani failed to indicate when the company will increase natural gas production.
Bankers meet government on ONGC disinvestment (ET)
The gov’t plans to raise Rs 13,000 crore by selling a 5% stake in the state run firm. Gov’t's holding in ONGC will come down to 69.14% from 74.14%.
Adani Power to supply 600 MW to Uttar Pradesh (Reuters)
Adani Power has received a letter of intent from the Uttar Pradesh government to supply 600 MW of power at 4.71 rupees per KWh starting July.
NMDC in deal to develop Australian phosphate (Reuters)
Iron ore miner NMDC it had signed a deal with Minemakers Ltd to develop phosphate deposits in Australia.
GAIL's plan to produce natural gas-based power gets nod (BS)
GAIL India, the country’s biggest gas marketer, has received its board’s approval for a foray into natural gas-based power generation. It will set up its first power plant at Uran in Maharashtra with an investment of around Rs 800 crore.
Aditya Birla Nuvo needs to tackle rising costs that hurt margins (ET)
Aditya Birla Nuvo's March '11 quarter results, excluding telecom firm Idea Cellular , were substantially better as the company continued with the trend seen in past four quarters. In the past few quarters, it was mainly the turnaround in textiles.
IMF Says U.K.Budget Cuts, Band of England Policies Appropriate (Bloomberg Finance LP)
U.K. Prime Minister’s government should stick to its deficit-cutting plan as the current economic weakness is “temporary,” the International Monetary Fund said.
Slowing Growth Sows Doubts Among Optimists (Bloomberg Finance LP)
A string of disappointing econ. data capped by last week’s jobs report is prompting even some of the more opt. econ. to question the durability of the U.S. recovery.
Funds Boost Bullish Commodity Bets Amid Improving Global Growth Prospects (Bloomberg Finance LP)
Funds boosted bets on rising commodity prices to the highest in four weeks, led by copper, amid signs that the global economic recovery will remain resilient and boost demand for raw materials.
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