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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
ONGC is in talks with BG and ENI to sell up to 30% stake in its
Krishna-Godavari DWN 98/2 block. (ET)
The Ministry of Home Affairs gave the final nod to BP to buy a
30% stake in RIL’s oil and gas blocks, including KGD6 gas fields
for US$7.2bn. (BS)
Maruti plans to produce Swift, Dzire and SX4 models from its
Gurgaon plant as the strike at the Manesar facility has impacted
car production. (ET)
ITC’s chairman, YC Deveshwar has indicated that the company
would prefer insider over external candidates for the next CEO.
(ET)
News headlines: Economic and political
Minister for Programme Implementation has written to the coal,
steel and shipping ministries to review those central sector projects
where scheduled completion has been delayed by over a year. (BS)
Bank-promoted life insurance companies have opposed Irda’s
bancassurance committee recommendation to allow banks to tieup
with two life insurance companies for selling life covers. (BS)
Insurance companies will get yet another opportunity to bid for the
central government’s health insurance project. (BS)
State oil firms have raised jet fuel prices by 2.4%, with the rise in
the international oil prices. (BS)
Advance tax payments rose 15% YoY in 1QFY12 for the Indian
companies. (ET)
The talks between the government and society activists broke
down without any agreement on the shape of Lokpal bill. (ET)
News headlines: Corporate
SAIL plans to borrow US$400m from overseas lenders to part
finance its expansion and modernisation plans. (ET)
The Serious Fraud Investigation Office (SFIO) is investigation
allegations of cartelisation against cement majors, UltraTech,
Ambuja and ACC. (ET)
Shareholders of Caraco Pharma, US subsidiary of Sun Pharma
have approved the merger with Sun Pharma. (BS)
Future group is planning to set up 12 large scale logistics parks
across nine cities in the next five years. (BS)
Lanco Infratech has dropped plans to bid for Australia’s Premier
Coal, owned by Wesfarmers. (ET)
Malaysian telco, Maxis reportedly controls 35% in Aircel and is
supposed to represent the Indian shareholding interest as per
domestic laws. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
ONGC is in talks with BG and ENI to sell up to 30% stake in its
Krishna-Godavari DWN 98/2 block. (ET)
The Ministry of Home Affairs gave the final nod to BP to buy a
30% stake in RIL’s oil and gas blocks, including KGD6 gas fields
for US$7.2bn. (BS)
Maruti plans to produce Swift, Dzire and SX4 models from its
Gurgaon plant as the strike at the Manesar facility has impacted
car production. (ET)
ITC’s chairman, YC Deveshwar has indicated that the company
would prefer insider over external candidates for the next CEO.
(ET)
News headlines: Economic and political
Minister for Programme Implementation has written to the coal,
steel and shipping ministries to review those central sector projects
where scheduled completion has been delayed by over a year. (BS)
Bank-promoted life insurance companies have opposed Irda’s
bancassurance committee recommendation to allow banks to tieup
with two life insurance companies for selling life covers. (BS)
Insurance companies will get yet another opportunity to bid for the
central government’s health insurance project. (BS)
State oil firms have raised jet fuel prices by 2.4%, with the rise in
the international oil prices. (BS)
Advance tax payments rose 15% YoY in 1QFY12 for the Indian
companies. (ET)
The talks between the government and society activists broke
down without any agreement on the shape of Lokpal bill. (ET)
News headlines: Corporate
SAIL plans to borrow US$400m from overseas lenders to part
finance its expansion and modernisation plans. (ET)
The Serious Fraud Investigation Office (SFIO) is investigation
allegations of cartelisation against cement majors, UltraTech,
Ambuja and ACC. (ET)
Shareholders of Caraco Pharma, US subsidiary of Sun Pharma
have approved the merger with Sun Pharma. (BS)
Future group is planning to set up 12 large scale logistics parks
across nine cities in the next five years. (BS)
Lanco Infratech has dropped plans to bid for Australia’s Premier
Coal, owned by Wesfarmers. (ET)
Malaysian telco, Maxis reportedly controls 35% in Aircel and is
supposed to represent the Indian shareholding interest as per
domestic laws. (ET)
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