10 June 2011

Morning meeting notes from CLSA India Thursday, 09 June 2011

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News headlines: Corporate
‰ Bharti Airtel is in discussions with key players in Africa- MTN,
Vodacom, Orange, Millicom and Etisalat- for sharing tower
infrastructure and back-end optic fibre networks. (BS)
‰ ONGC and GAIL India Ltd  are  in  talks  to  buy  a  part  of  Exxon
Mobil Corp's stake in Kazakhstan's Kashagan oilfield. (BS)
‰ Infosys Technologies has acquired the  software solutions
practice of New Zealand-based Gen-i. (ET)
‰ Renault-Nissan may severe their partnership with Bajaj Auto for
development of low-cost car in India. (FE)
‰ Jet Airways plans to expand its operations in the European
market. (BS)
News headlines: Economic and political
‰ The borrowing of oil marketing companies is estimated to have
exceeded Rs1tn. (BS)
‰ The Ministry of Finance is considering the appointment of thirdparty sources to trace tax evaders. (BS)
‰ The Comptroller and Auditor General (CAG) of India is ready with a
800-page report on the irregularities Commonwealth Games in
2010. (BS)

‰ A panel of secretaries has advised that government should raise
fertilizer prices by 10%. (FE)
News headlines: Corporate
‰ NDTV is reportedly looking to sell stake on one of its channel-
NDTV Hindu. (BS)
‰ During FY11, DB Realty has reported consolidated profit of Rs3bn
up 19% YoY. (BS)


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