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News Headlines
Power deficit down at 10.8% in April (BS)
Increased power generation in the country has brought down the power deficit to 10.8 % in April, compared to 15.1 % in the same month last year.
India approves 16 FDI proposals worth $207 mln (Reuters)
India approved 16 FDI proposals worth 9.24 billion rupees, including financial services firm L&T Finance Holdings' plan to raise 4 bln rupees in a pre-share-sale placement.
Govt does a rethink on capital infusion in public sector banks (ET)
The government, which has earmarked Rs 6,000 crore for infusion into public sector banks in the current financial year to strengthen them, wants the support to go only to those that cannot raise money on their own.
Govt bets on new tax code to bring back black money
With the growing pressure for steps to tackle unaccounted income hidden abroad, the government has identified the proposed Direct Taxes Code (DTC) as a significant tool in this regard.
Panel wants more for small investors (BS)
In what could reform the interest rate structure of small saving schemes, a committee set up to review the NSSF recommended discontinuation of KVPs and introduction of a 10-year NSC scheme.
Federal Bank hikes interest rates on Resident Term Deposits (ET)
Kerala-based private sector Fed. Bank has hiked int. rates for Resident term deposits.
Banks may be freed of one insurance partner clause (BS)
Banks are likely to be allowed to have tie-ups with two sets of insurance cos. - in life, non-life and health ins. segments - to increase insurance penetration in the country.
Biotech firms offer low-cost vaccines to health NGO GAVI (BS)
Biotech firms Serum Institute, Panacea Biotec and Bharat Biotech have independently agreed to supply pentavalent and rotavirus vaccines for infants at discounted rates to global health NGO GAVI Alliance.
India falls short on its potential to meet world protein needs (ET)
With the largest livestock population in the world India has the potential to meet the world protein demand very easily, thus also improving upon the economic levels of animal breeders, meat workers, processors and exporters.
RINL shifts focus to flat steel (BS)
P K Bishnoi said RINL was looking to enter the flat steel market in a big way. Long steel mainly comprises products like bars, re-bars and wire-rods, which are used in the construction and infrastructure space.
IOC looks for foreign players to develop LNG terminal (BS)
Without waiting for assured long-term supply of LNG, IOC has decided to go ahead with its Ennore LNG terminal project. The company has begun discussions with foreign players besides PLL for jointly developing the Rs 4,500-crore terminal.
Tata Communications buys new tech from Cisco (ET)
Long distance communications and enterprise internet services provider Tata Communications will use Cisco System's newly launched routers for deploying its next-generation ethernet services in India, senior executives from Cisco said.
Bharti pays highest revenue at Rs 1,097 cr in March quarter (ET)
Bharti Airtel has paid the highest amount of Rs 1,097.04 crore to the government in terms of licence fee and spectrum usage charge for the quarter ended March 31.
Kotak Mahindra Bank sees wealth management arm growing 25% in FY12 (ET)
Kotak Mahindra Bank expects its wealth management arm to grow at 25 per cent in FY12, a top official told reporters.
Trichet Gives First Signal Endorsing Bond Rollovers (Bloomberg Finance LP)
Jean- Claude Trichet signalled for the first time he may support encouraging investors to buy new Greek bonds to replace maturing securities as officials seek to stem the nation’s debt crisis.
U.S. Consumer Borrowing Increases by $6.25 Bln in Seventh Monthly Gain (Bloomberg Finance LP)
U.S. consumer borrowing rose in April for a seventh consecutive month, led by a gain in non-revolving debt, including auto and student loans, the Federal Reserve reported.
Fed Is Said to Back Three-Percentage-Point Capital Surcharge for Big Banks (Bloomberg Finance LP)
The Federal Reserve supports a proposal at the Basel Committee on Banking Supervision that calls for a maximum capital surcharge of 3% points on the largest global banks, according to a person familiar with the discussions.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Power deficit down at 10.8% in April (BS)
Increased power generation in the country has brought down the power deficit to 10.8 % in April, compared to 15.1 % in the same month last year.
India approves 16 FDI proposals worth $207 mln (Reuters)
India approved 16 FDI proposals worth 9.24 billion rupees, including financial services firm L&T Finance Holdings' plan to raise 4 bln rupees in a pre-share-sale placement.
Govt does a rethink on capital infusion in public sector banks (ET)
The government, which has earmarked Rs 6,000 crore for infusion into public sector banks in the current financial year to strengthen them, wants the support to go only to those that cannot raise money on their own.
Govt bets on new tax code to bring back black money
With the growing pressure for steps to tackle unaccounted income hidden abroad, the government has identified the proposed Direct Taxes Code (DTC) as a significant tool in this regard.
Panel wants more for small investors (BS)
In what could reform the interest rate structure of small saving schemes, a committee set up to review the NSSF recommended discontinuation of KVPs and introduction of a 10-year NSC scheme.
Federal Bank hikes interest rates on Resident Term Deposits (ET)
Kerala-based private sector Fed. Bank has hiked int. rates for Resident term deposits.
Banks may be freed of one insurance partner clause (BS)
Banks are likely to be allowed to have tie-ups with two sets of insurance cos. - in life, non-life and health ins. segments - to increase insurance penetration in the country.
Biotech firms offer low-cost vaccines to health NGO GAVI (BS)
Biotech firms Serum Institute, Panacea Biotec and Bharat Biotech have independently agreed to supply pentavalent and rotavirus vaccines for infants at discounted rates to global health NGO GAVI Alliance.
India falls short on its potential to meet world protein needs (ET)
With the largest livestock population in the world India has the potential to meet the world protein demand very easily, thus also improving upon the economic levels of animal breeders, meat workers, processors and exporters.
RINL shifts focus to flat steel (BS)
P K Bishnoi said RINL was looking to enter the flat steel market in a big way. Long steel mainly comprises products like bars, re-bars and wire-rods, which are used in the construction and infrastructure space.
IOC looks for foreign players to develop LNG terminal (BS)
Without waiting for assured long-term supply of LNG, IOC has decided to go ahead with its Ennore LNG terminal project. The company has begun discussions with foreign players besides PLL for jointly developing the Rs 4,500-crore terminal.
Tata Communications buys new tech from Cisco (ET)
Long distance communications and enterprise internet services provider Tata Communications will use Cisco System's newly launched routers for deploying its next-generation ethernet services in India, senior executives from Cisco said.
Bharti pays highest revenue at Rs 1,097 cr in March quarter (ET)
Bharti Airtel has paid the highest amount of Rs 1,097.04 crore to the government in terms of licence fee and spectrum usage charge for the quarter ended March 31.
Kotak Mahindra Bank sees wealth management arm growing 25% in FY12 (ET)
Kotak Mahindra Bank expects its wealth management arm to grow at 25 per cent in FY12, a top official told reporters.
Trichet Gives First Signal Endorsing Bond Rollovers (Bloomberg Finance LP)
Jean- Claude Trichet signalled for the first time he may support encouraging investors to buy new Greek bonds to replace maturing securities as officials seek to stem the nation’s debt crisis.
U.S. Consumer Borrowing Increases by $6.25 Bln in Seventh Monthly Gain (Bloomberg Finance LP)
U.S. consumer borrowing rose in April for a seventh consecutive month, led by a gain in non-revolving debt, including auto and student loans, the Federal Reserve reported.
Fed Is Said to Back Three-Percentage-Point Capital Surcharge for Big Banks (Bloomberg Finance LP)
The Federal Reserve supports a proposal at the Basel Committee on Banking Supervision that calls for a maximum capital surcharge of 3% points on the largest global banks, according to a person familiar with the discussions.
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