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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
The stalemate between the Maruti management and its workers
at the Manesar plant continued for the 10th day as series of
negotiations between the parties failed. (BS)
The US Embassy has allowed IBM and TCS to participate in a
programme that allows them to expedite temporary work visas for
their employees. (BL)
Kingfisher Airlines is reportedly in talks with Rothschild and
TPG Group to raise US$300m. (BS)
Yogesh Chander Deveshwar has been reappointed as ITC chairman
for another five years. (ET)
News headlines: Economic and political
The government has extended the DEPB scheme by three months.
It is now valid till September 30, 2011. (BS)
Petroleum minister S Jaipal Reddy has sought an immediate rise in
the prices of diesel, kerosene and domestic LPG. (BS)
The finance ministry is considering a rollback of the countervailing
duty (CVD) on coal imports done for the power infrastructure
projects. (BS)
Mauritius has softened its stand on taxing capital gains on
investments routed through the island nation to India by thirdcountry
investors. (BS)
India is pushing for speedy implementation of a globally networked
customs (GNC) platform, which envisages an interconnected
customs-to-customs information sharing system. (BS)
Pranab Mukherjee has asked OECD bloc to review the legal
framework to pressurise tax havens to share information. (BS)
News headlines: Corporate
Infosys has bagged the first of the Department of Post’s IT
modernisation contract worth Rs1bn. (BS)
Deutsche Bank’s standalone net profit from India operations was
Rs6.3bn for FY11, increase of 41%YoY. (BS)
Reportedly Citigroup is likely to reduce its stake in HDFC to below
10% to meet the new regulatory norms. (Mint)
JSW Steel has approached six small mining companies in Goa to
procure iron ore for its existing steel plant and the proposed pig
iron project in the state. (BS)
Air India is estimated to post a loss of Rs70bn for FY11. (Mint)
Wipro has appointed CFO Manish Dugar as the global head of BPO
business and Jatin Dalal as the CFO for IT business. (FE)
A Goldman Sachs unit has acquired 9.1% stake in Max India for
Rs5.2bn through secondary market deals. (FE)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The stalemate between the Maruti management and its workers
at the Manesar plant continued for the 10th day as series of
negotiations between the parties failed. (BS)
The US Embassy has allowed IBM and TCS to participate in a
programme that allows them to expedite temporary work visas for
their employees. (BL)
Kingfisher Airlines is reportedly in talks with Rothschild and
TPG Group to raise US$300m. (BS)
Yogesh Chander Deveshwar has been reappointed as ITC chairman
for another five years. (ET)
News headlines: Economic and political
The government has extended the DEPB scheme by three months.
It is now valid till September 30, 2011. (BS)
Petroleum minister S Jaipal Reddy has sought an immediate rise in
the prices of diesel, kerosene and domestic LPG. (BS)
The finance ministry is considering a rollback of the countervailing
duty (CVD) on coal imports done for the power infrastructure
projects. (BS)
Mauritius has softened its stand on taxing capital gains on
investments routed through the island nation to India by thirdcountry
investors. (BS)
India is pushing for speedy implementation of a globally networked
customs (GNC) platform, which envisages an interconnected
customs-to-customs information sharing system. (BS)
Pranab Mukherjee has asked OECD bloc to review the legal
framework to pressurise tax havens to share information. (BS)
News headlines: Corporate
Infosys has bagged the first of the Department of Post’s IT
modernisation contract worth Rs1bn. (BS)
Deutsche Bank’s standalone net profit from India operations was
Rs6.3bn for FY11, increase of 41%YoY. (BS)
Reportedly Citigroup is likely to reduce its stake in HDFC to below
10% to meet the new regulatory norms. (Mint)
JSW Steel has approached six small mining companies in Goa to
procure iron ore for its existing steel plant and the proposed pig
iron project in the state. (BS)
Air India is estimated to post a loss of Rs70bn for FY11. (Mint)
Wipro has appointed CFO Manish Dugar as the global head of BPO
business and Jatin Dalal as the CFO for IT business. (FE)
A Goldman Sachs unit has acquired 9.1% stake in Max India for
Rs5.2bn through secondary market deals. (FE)
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