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India Equity Research Reports, IPO and Stock News
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News Headlines
India face tough times to meet FY12 revenue target (Reuters)
India face a difficulties to achieve rev collections because of slowing growth,
indicating the govt. may come under pressure to meet its fiscal deficit target.
Currencies
30
35
40
45
50
Jun-10
J ul-10
Aug-10
Sep-10
Oc t -10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
M ay -11
Jun-11
1.00
1.10
1.20
1.30
1.40
1.50
Monsoon to reach India's rice areas this weekend (Reuters)
Monsoon is expected to arrive over India's main rice growing areas this weekend,
which could help erase an initial delay in planting of the main summer food crop.
Need sustained efforts to achieve tax targets (BS)
FM said it would not be easy to realise the Rs 3,92,908-crore target in indirect tax
collections this year, because the economic growth was likely to slip to 8.75%,
against the Budget estimate of 9%.
Irda releases M&A guidelines for general insurance firms (BS)
The Irda released regulatory guidelines for M&As for non-life insurance companies.
Govt puts off fuel price hike on political woes (Reuters)
The govt. has yet again deferred a decision on raising prices of diesel, kerosene and
cooking gas, needed to rein in the fiscal gap, as it deals with one of the worst
political crises in recent years.
Retail share of stocks slumps to 5-year low (BS)
According to data compiled by BS Research Bureau, the share of retail investors in
the market cap of actively-traded stocks on the BSE has dipped to a five-year low.
Capital investment in agriculture must go up (ET)
Capital investment in agriculture has to go up substantially and urgently to insulate
agriculture production against climate change and other critical impact factors, farm
minister told the consultative panel on agriculture.
Indian mills to seek nod for more sugar exports (Reuters)
India's sugar mills will soon seek govt permission to export an additional half a mln t
of the sweetner as output is expected to rise in the next season from October, the
chief of a leading industry body said.
Bank borrowings from RBI signal rate hike (ET)
Banks' rising borrowings from the RBI indicate that lenders foresee a spike in interest
rates next week as the advance tax payments by companies suck out liquidity hinting
at a possible policy rate increase.
Bharti takes tower sharing to Africa (BS)
Bharti Airtel, which acquired Zain Telecom’s assets in 16 African countries last year,
has started discussions with all its key competitors on the continent for sharing tower
infrastructure and back-end optic fibre networks.
ONGC, GAIL Said to Bid for Part of Exxon Stake in Kazakhstan’s Kashagan (ET)
ONGC and GAIL India are in talks to buy part of Exxon Mobil’s stake in Kazakhstan’s
Kashagan field.
GAIL to form JV with KSIIDC to bring piped gas to city (BS)
The state-owned KSIIDC and GAIL (India) signed a JV agreement to jointly pursue
various natural gas related business activities in Karnataka.
Tata Motors in talks to raise up to $500 mln overseas (Reuters)
Tata Motors, plans to raise up to $500 mln overseas through external commercial
borrowings over the next two months, two sources with the knowledge of the deal.
JSW Steel May production up 2% at 5.77 lakh tonnes (ET)
Sajjan Jindal-led JSW steel reported a 2 per cent jump in crude steel production in
May at 5.77 lakh-tonnes, as against 5.65-lakh tonnes in the same month last year.
Rising prices to pare India's FY12 growth to 8.2%, says World Bank (BS)
India’s economic growth theory has been confirmed by the World Bank. India’s
growth would ease to 8.2 % this financial year against 8.5 % a year ago, as high
inflation had cut into disposable income and hence demand.
U.S. Economy ’Steady’ in Most Areas (Bloomberg Finance LP)
The Federal Reserve said the economy expanded at a “steady pace” in most of the
U.S. while slowing in four of 12 regions as consumers contended with higher food
and fuel prices and shortages of parts reduced auto production.
World Bank Urges Rate Rises in Emerging Nations With Global Growth at 3.2%
(Bloomberg Finance LP)
Emerging-market economies, growing almost 3 times faster than their developed
counterparts, need to speed spending cuts and interest-rate increases as they fight
inflation and overheating.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
India face tough times to meet FY12 revenue target (Reuters)
India face a difficulties to achieve rev collections because of slowing growth,
indicating the govt. may come under pressure to meet its fiscal deficit target.
Currencies
30
35
40
45
50
Jun-10
J ul-10
Aug-10
Sep-10
Oc t -10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
M ay -11
Jun-11
1.00
1.10
1.20
1.30
1.40
1.50
Monsoon to reach India's rice areas this weekend (Reuters)
Monsoon is expected to arrive over India's main rice growing areas this weekend,
which could help erase an initial delay in planting of the main summer food crop.
Need sustained efforts to achieve tax targets (BS)
FM said it would not be easy to realise the Rs 3,92,908-crore target in indirect tax
collections this year, because the economic growth was likely to slip to 8.75%,
against the Budget estimate of 9%.
Irda releases M&A guidelines for general insurance firms (BS)
The Irda released regulatory guidelines for M&As for non-life insurance companies.
Govt puts off fuel price hike on political woes (Reuters)
The govt. has yet again deferred a decision on raising prices of diesel, kerosene and
cooking gas, needed to rein in the fiscal gap, as it deals with one of the worst
political crises in recent years.
Retail share of stocks slumps to 5-year low (BS)
According to data compiled by BS Research Bureau, the share of retail investors in
the market cap of actively-traded stocks on the BSE has dipped to a five-year low.
Capital investment in agriculture must go up (ET)
Capital investment in agriculture has to go up substantially and urgently to insulate
agriculture production against climate change and other critical impact factors, farm
minister told the consultative panel on agriculture.
Indian mills to seek nod for more sugar exports (Reuters)
India's sugar mills will soon seek govt permission to export an additional half a mln t
of the sweetner as output is expected to rise in the next season from October, the
chief of a leading industry body said.
Bank borrowings from RBI signal rate hike (ET)
Banks' rising borrowings from the RBI indicate that lenders foresee a spike in interest
rates next week as the advance tax payments by companies suck out liquidity hinting
at a possible policy rate increase.
Bharti takes tower sharing to Africa (BS)
Bharti Airtel, which acquired Zain Telecom’s assets in 16 African countries last year,
has started discussions with all its key competitors on the continent for sharing tower
infrastructure and back-end optic fibre networks.
ONGC, GAIL Said to Bid for Part of Exxon Stake in Kazakhstan’s Kashagan (ET)
ONGC and GAIL India are in talks to buy part of Exxon Mobil’s stake in Kazakhstan’s
Kashagan field.
GAIL to form JV with KSIIDC to bring piped gas to city (BS)
The state-owned KSIIDC and GAIL (India) signed a JV agreement to jointly pursue
various natural gas related business activities in Karnataka.
Tata Motors in talks to raise up to $500 mln overseas (Reuters)
Tata Motors, plans to raise up to $500 mln overseas through external commercial
borrowings over the next two months, two sources with the knowledge of the deal.
JSW Steel May production up 2% at 5.77 lakh tonnes (ET)
Sajjan Jindal-led JSW steel reported a 2 per cent jump in crude steel production in
May at 5.77 lakh-tonnes, as against 5.65-lakh tonnes in the same month last year.
Rising prices to pare India's FY12 growth to 8.2%, says World Bank (BS)
India’s economic growth theory has been confirmed by the World Bank. India’s
growth would ease to 8.2 % this financial year against 8.5 % a year ago, as high
inflation had cut into disposable income and hence demand.
U.S. Economy ’Steady’ in Most Areas (Bloomberg Finance LP)
The Federal Reserve said the economy expanded at a “steady pace” in most of the
U.S. while slowing in four of 12 regions as consumers contended with higher food
and fuel prices and shortages of parts reduced auto production.
World Bank Urges Rate Rises in Emerging Nations With Global Growth at 3.2%
(Bloomberg Finance LP)
Emerging-market economies, growing almost 3 times faster than their developed
counterparts, need to speed spending cuts and interest-rate increases as they fight
inflation and overheating.
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