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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Over 50,000 workers in the Manesar-Gurgaon industrial belt will
observe a two-hour tool-down strike on Tuesday in support of the
employees of carmaker Maruti Suzuki. (ET)
Orissa state has stopped acquiring land for Posco's proposed
US$12bn steel plant after around 400 villagers blocked the road to
the site. (Mint)
Vedanta Aluminium will invest about Rs100bn to complete its
aluminium smelter and power plants at Jharsuguda in Odisha. (ET)
The Cabinet Committee on Economic Affairs is likely to meet next
week to consider imposing stringent conditions for giving the nod
to Vedanta Resources US$9.4bn takeover of Cairn India. (Mint)
News headlines: Economic and political
The Reserve Bank of India may raise policy rates for the tenth time
in 15 months to curb prices as inflation management outweighs
concerns over a slowdown in economic growth and sliding
corporate profits. (ET)
Indirect tax receipts registered a sharp rise in the first two months
of the current fiscal, allaying concerns somewhat that the tight
monetary policy being pursued by the Reserve Bank of India is
crimping demand. (ET)
India's exports jumped by 56.9%YoY to US$25.9bn in May
maintaining the growth momentum that began last fiscal. (Mint)
The Finance ministry has given a three months extension to the
popular DEPB scheme. (ET)
SEBI is planning changes in existing demat, IPO & secondary
market trading rules in a bid to ensure greater participation of
retail investors in markets. (ET)
The department of disinvestment has diluted a key clause that
deals with conflict of interest for the appointment of investment
banks for the sale of share of state-run companies. (ET)
News headlines: Corporate
Reliance Industries has agreed to buy out Bharti Enterprises'
stake in two insurance ventures with France's AXA for an
undisclosed sum. (ET)
HDFC is reportedly looking to raise Rs5bn through two year zero
coupon bonds at 10.14%. (Mint)
SBI has breached RBI's credit exposure norms during three
consecutive years with regard to its loans provided to Reliance
Industries. (ET)
Viom Networks has indefinitely deferred plans to raise up to
Rs60bn through an initial share sale by listing on the bourses. (ET)
Future Group's logistics arm is planning to raise Rs10bn by
selling stake either through an initial public offering or private
equity placements in the next 15 months. (ET)
Indian Overseas Bank plans to more than double the number of
foreign offices over the next three-four years. (Mint)
Mahindra and Mahindra Financial Services is reportedly
looking to raise Rs2.25bn through two year, two day bonds at
10.47%. (Mint)
The governmentRs2.5bn to Air India out of the Rs11bn it owes to
the air carrier. (ET)
After a flurry of private label launches in the last three years to
earn more margins and beat consumer slowdown, several retailers
are now cutting down on launches to consolidate and focus on
existing in-house brands. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Over 50,000 workers in the Manesar-Gurgaon industrial belt will
observe a two-hour tool-down strike on Tuesday in support of the
employees of carmaker Maruti Suzuki. (ET)
Orissa state has stopped acquiring land for Posco's proposed
US$12bn steel plant after around 400 villagers blocked the road to
the site. (Mint)
Vedanta Aluminium will invest about Rs100bn to complete its
aluminium smelter and power plants at Jharsuguda in Odisha. (ET)
The Cabinet Committee on Economic Affairs is likely to meet next
week to consider imposing stringent conditions for giving the nod
to Vedanta Resources US$9.4bn takeover of Cairn India. (Mint)
News headlines: Economic and political
The Reserve Bank of India may raise policy rates for the tenth time
in 15 months to curb prices as inflation management outweighs
concerns over a slowdown in economic growth and sliding
corporate profits. (ET)
Indirect tax receipts registered a sharp rise in the first two months
of the current fiscal, allaying concerns somewhat that the tight
monetary policy being pursued by the Reserve Bank of India is
crimping demand. (ET)
India's exports jumped by 56.9%YoY to US$25.9bn in May
maintaining the growth momentum that began last fiscal. (Mint)
The Finance ministry has given a three months extension to the
popular DEPB scheme. (ET)
SEBI is planning changes in existing demat, IPO & secondary
market trading rules in a bid to ensure greater participation of
retail investors in markets. (ET)
The department of disinvestment has diluted a key clause that
deals with conflict of interest for the appointment of investment
banks for the sale of share of state-run companies. (ET)
News headlines: Corporate
Reliance Industries has agreed to buy out Bharti Enterprises'
stake in two insurance ventures with France's AXA for an
undisclosed sum. (ET)
HDFC is reportedly looking to raise Rs5bn through two year zero
coupon bonds at 10.14%. (Mint)
SBI has breached RBI's credit exposure norms during three
consecutive years with regard to its loans provided to Reliance
Industries. (ET)
Viom Networks has indefinitely deferred plans to raise up to
Rs60bn through an initial share sale by listing on the bourses. (ET)
Future Group's logistics arm is planning to raise Rs10bn by
selling stake either through an initial public offering or private
equity placements in the next 15 months. (ET)
Indian Overseas Bank plans to more than double the number of
foreign offices over the next three-four years. (Mint)
Mahindra and Mahindra Financial Services is reportedly
looking to raise Rs2.25bn through two year, two day bonds at
10.47%. (Mint)
The governmentRs2.5bn to Air India out of the Rs11bn it owes to
the air carrier. (ET)
After a flurry of private label launches in the last three years to
earn more margins and beat consumer slowdown, several retailers
are now cutting down on launches to consolidate and focus on
existing in-house brands. (ET)
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