Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ ONGC may file papers for Rs115bn share sale after the
government gives its verdict on its dispute with Cairn India. (ET)
‰ Tata Steel and SAIL’s joint venture, S&T Mining, will set up a
1.8mtpa coal washery in Jharkhand through an investment of
Rs2bn. (ET)
‰ The cost of developing Reliance’s D-6 block (US$8.8bn) was less
than the estimates of global experts such as Mustang
International, which put it at US$9.03bn, oil ministry officials said
in response to the CAG’s objections. (ET)
‰ Unilever Plc, the world's second largest consumer goods company
has named Harish Manwani its new chief operating officer as a part
of a global re-organization. (Mint)
News headlines: Economic and political
‰ India has taken the bold step of raising diesel by Rs3 per litre,
cooking gas about 50 per cylinder and kerosene prices by Rs2 per
litre for the first time in one year and cut taxes on fuel, delivering
a bonanza for cash-strapped oil retailing firms but upsetting
budget calculations of households and the economy. (ET)
‰ International credit rating agency DBRS has upgraded India's long
term foreign and local currency debt rating outlook from negative
to stable on account of fiscal consolidation and return to pre crisis
growth levels, backed by a robust policy framework. (Mint)
‰ Global hedge funds and offshore investors are closely tracking the
response of Corporate India, the judiciary and financial market
regulators as Rs160bn of convertible bonds sold by local top 500
companies come up for repayment by March 2012. (ET)
‰ Pronouncing the NSE guilty of abusing dominant market position,
the Competition Commission has asked it to pay a penalty of
Rs555bn within 30 days and also immediately stop subsidising its
services. (ET)
‰ The Congress Working Committee has cautioned the government
against succumbing to pressure from the civil society over the
Lokpal bill and asked the Centre to take a firm stand on the
transparency legislation. (ET)
‰ The government has set the ball rolling on the proposed
infrastructure debt funds to leverage foreign resources for the
sector that needs over a trillion dollars in the twelfth five year plan.
(ET)
‰ The centre plans a makeover of Directorate General of Civil
Aviation, giving the new body powers to regulate fares and appoint
ombudsmen to address consumer grievances. (ET)
News headlines: Corporate
‰ Perdaman Industries has dragged Lanco Infratech to court in
Australia seeking a A$3.5bn compensation for not complying with
coal supply pact. (ET)
‰ NMDC is in talks to acquire a controlling stake in Brazil based
mining company Greystone Mineracao do Brasil for about US$1bn.
(ET)
‰ Days after a CAG draft report said Reliance Industries got outof-turn favours from the oil ministry and its technical arm DGH, it’s
chairman Mukesh Ambani has met Prime Minister Manmohan
Singh. (ET)
‰ JSW Steel will reportedly start capacity expansion of its subsidiary
Ispat Industries in 2013. (BL)
‰ SpiceJet has sought the Reserve Bank of India’s approval to raise
US$270m from Canada’s export finance agency Export
Development Canada for aircraft purchases. (ET)
‰ Satyam Computer Services has said that its merger with Tech
Mahindra may start in October. (BL)
‰ Bharti Airtel has embarked on a restructuring exercise that will
merge three separate businesses, triggering a large-scale job cull
for the first time in the services sector since the 2008 economic
slowdown. (ET)
‰ Insurance regulator IRDA has postponed implementation of
portability of health insurance policies across non-life insurance
companies to October 1. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ ONGC may file papers for Rs115bn share sale after the
government gives its verdict on its dispute with Cairn India. (ET)
‰ Tata Steel and SAIL’s joint venture, S&T Mining, will set up a
1.8mtpa coal washery in Jharkhand through an investment of
Rs2bn. (ET)
‰ The cost of developing Reliance’s D-6 block (US$8.8bn) was less
than the estimates of global experts such as Mustang
International, which put it at US$9.03bn, oil ministry officials said
in response to the CAG’s objections. (ET)
‰ Unilever Plc, the world's second largest consumer goods company
has named Harish Manwani its new chief operating officer as a part
of a global re-organization. (Mint)
News headlines: Economic and political
‰ India has taken the bold step of raising diesel by Rs3 per litre,
cooking gas about 50 per cylinder and kerosene prices by Rs2 per
litre for the first time in one year and cut taxes on fuel, delivering
a bonanza for cash-strapped oil retailing firms but upsetting
budget calculations of households and the economy. (ET)
‰ International credit rating agency DBRS has upgraded India's long
term foreign and local currency debt rating outlook from negative
to stable on account of fiscal consolidation and return to pre crisis
growth levels, backed by a robust policy framework. (Mint)
‰ Global hedge funds and offshore investors are closely tracking the
response of Corporate India, the judiciary and financial market
regulators as Rs160bn of convertible bonds sold by local top 500
companies come up for repayment by March 2012. (ET)
‰ Pronouncing the NSE guilty of abusing dominant market position,
the Competition Commission has asked it to pay a penalty of
Rs555bn within 30 days and also immediately stop subsidising its
services. (ET)
‰ The Congress Working Committee has cautioned the government
against succumbing to pressure from the civil society over the
Lokpal bill and asked the Centre to take a firm stand on the
transparency legislation. (ET)
‰ The government has set the ball rolling on the proposed
infrastructure debt funds to leverage foreign resources for the
sector that needs over a trillion dollars in the twelfth five year plan.
(ET)
‰ The centre plans a makeover of Directorate General of Civil
Aviation, giving the new body powers to regulate fares and appoint
ombudsmen to address consumer grievances. (ET)
News headlines: Corporate
‰ Perdaman Industries has dragged Lanco Infratech to court in
Australia seeking a A$3.5bn compensation for not complying with
coal supply pact. (ET)
‰ NMDC is in talks to acquire a controlling stake in Brazil based
mining company Greystone Mineracao do Brasil for about US$1bn.
(ET)
‰ Days after a CAG draft report said Reliance Industries got outof-turn favours from the oil ministry and its technical arm DGH, it’s
chairman Mukesh Ambani has met Prime Minister Manmohan
Singh. (ET)
‰ JSW Steel will reportedly start capacity expansion of its subsidiary
Ispat Industries in 2013. (BL)
‰ SpiceJet has sought the Reserve Bank of India’s approval to raise
US$270m from Canada’s export finance agency Export
Development Canada for aircraft purchases. (ET)
‰ Satyam Computer Services has said that its merger with Tech
Mahindra may start in October. (BL)
‰ Bharti Airtel has embarked on a restructuring exercise that will
merge three separate businesses, triggering a large-scale job cull
for the first time in the services sector since the 2008 economic
slowdown. (ET)
‰ Insurance regulator IRDA has postponed implementation of
portability of health insurance policies across non-life insurance
companies to October 1. (ET)
No comments:
Post a Comment