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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ In a letter to the Oil Ministry, Reliance has reportedly alleged that
misunderstanding of legal and contractual issues by CAG in its
report had hurt the company's reputation. (ET)
‰ Coal India has sought clarity from the government on whether it
is allowed to buy stakes in unlisted firms abroad. (BS)
‰ Honda Motorcycles & Scooters India (HMSIL) has plans to
invest Rs14bn over the next two years to ramp up its annual two
wheeler manufacturing capacity. (BS)
‰ As per sources, Jaypee Group is considering to diversify into
aviation with an initial investment of Rs2.5bn to start a budget
airline to operate in some states of North India. (BS)
‰ SEBI has ordered two Sahara Group companies to refund at least
Rs48.4bn collected under debenture schemes to investors. (BS)
News headlines: Economic and political
‰ The food price index rose 9.13%YoY and the fuel price index
climbed 12.84%YoY for the week ended June 11. (FE)
‰ The government has allowed additional sugar exports of 0.5mt in
the current year. (ET)
‰ An emergency meeting of the Empowered Group of Ministers has
been convened today to decide on hike in diesel, kerosene and LPG
prices. (ET)
‰ Domestic air traffic in Jan-May rose 17.6%YoY to 24.5 million, with
Jet Airways continuing to hold the largest market share. (FE)
‰ As per sources, the centre is likely to come out with a uniform and
market-friendly stamp duty structure for transactions in the capital
and commodities markets within two weeks. (BS)
‰ Rejecting the recommendations of the Forest Advisory Committee,
Environment Ministry today gave its approval to open up Tara,
Parsa East and Kante Basan coal-blocks in the Hasdeo-Arand forest
region of Chhattisgarh. (BS)
‰ As per sources, a Group of Ministers on Coal has asked the Ministry
of Environment and Forests to outline the current status of eight
blocks, which have been allotted to firms like ADAG, Essar, Adani
and Birla Group at its next meeting, scheduled on July 2. (BS)
News headlines: Corporate
‰ GM has shelved plans to launch the small car in India that was
planned to take on Tata Motors' 'Nano', citing viability issues.
(BS)
‰ Yash Birla Group’s firm Birla Surya plans to invest Rs54bn over
next five years to set up an integrated facility for solar power
equipments. (BS)
‰ Lupin and Natco Pharma have entered into an alliance to market
a generic drug used for treating breast cancer, in the American
market. (FE)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ In a letter to the Oil Ministry, Reliance has reportedly alleged that
misunderstanding of legal and contractual issues by CAG in its
report had hurt the company's reputation. (ET)
‰ Coal India has sought clarity from the government on whether it
is allowed to buy stakes in unlisted firms abroad. (BS)
‰ Honda Motorcycles & Scooters India (HMSIL) has plans to
invest Rs14bn over the next two years to ramp up its annual two
wheeler manufacturing capacity. (BS)
‰ As per sources, Jaypee Group is considering to diversify into
aviation with an initial investment of Rs2.5bn to start a budget
airline to operate in some states of North India. (BS)
‰ SEBI has ordered two Sahara Group companies to refund at least
Rs48.4bn collected under debenture schemes to investors. (BS)
News headlines: Economic and political
‰ The food price index rose 9.13%YoY and the fuel price index
climbed 12.84%YoY for the week ended June 11. (FE)
‰ The government has allowed additional sugar exports of 0.5mt in
the current year. (ET)
‰ An emergency meeting of the Empowered Group of Ministers has
been convened today to decide on hike in diesel, kerosene and LPG
prices. (ET)
‰ Domestic air traffic in Jan-May rose 17.6%YoY to 24.5 million, with
Jet Airways continuing to hold the largest market share. (FE)
‰ As per sources, the centre is likely to come out with a uniform and
market-friendly stamp duty structure for transactions in the capital
and commodities markets within two weeks. (BS)
‰ Rejecting the recommendations of the Forest Advisory Committee,
Environment Ministry today gave its approval to open up Tara,
Parsa East and Kante Basan coal-blocks in the Hasdeo-Arand forest
region of Chhattisgarh. (BS)
‰ As per sources, a Group of Ministers on Coal has asked the Ministry
of Environment and Forests to outline the current status of eight
blocks, which have been allotted to firms like ADAG, Essar, Adani
and Birla Group at its next meeting, scheduled on July 2. (BS)
News headlines: Corporate
‰ GM has shelved plans to launch the small car in India that was
planned to take on Tata Motors' 'Nano', citing viability issues.
(BS)
‰ Yash Birla Group’s firm Birla Surya plans to invest Rs54bn over
next five years to set up an integrated facility for solar power
equipments. (BS)
‰ Lupin and Natco Pharma have entered into an alliance to market
a generic drug used for treating breast cancer, in the American
market. (FE)
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