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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
‰ NTPC has extracted firm completion deadlines from Russia’s
Technoprom Exports (TPE) and Power Machines, the vendors
supplying equipment for Barh and Sipat projects. (Mint)
‰ The 13-day long strike at Maruti Suzuki’s Manesar plant has
come to an end. (BS)
‰ Tata Steel has decided to sell off its 26.27% stake in Riversdale,
Australia to Rio Tinto for US$1.11bn. (BS)
News headlines: Economic and political
‰ The RBI has raised its key policy rate by 25bps to 7.5%. (Mint)
‰ Food inflation has come down marginally to 8.96% for the week
ended 4
th
June. (Mint)
‰ The telecom department (DoT) has asked sector regulator TRAI to
reconsider its recommendation to cancel 69 licences of five
operators for failure to roll out services in time. (ET)
‰ The Ministry of Chemicals and Fertilisers will reportedly revisit its
draft pharma policy to incorporate the changes in the recently
finalised National List of Essential Medicines (NLEM). (ET)
‰ Maharashtra government is likely to invite ‘request for qualification’
(RFQ) for the construction of the Navi Mumbai airport by monthend, whose master plan was approved recently. (ET)
News headlines: Corporate
‰ The Cabinet has steered clear of discussing Vedanta Resources’
plan to buy Cairn Energy's Indian assets, further delaying what
could be one of the largest deals in the Indian oil and gas sector.
(ET)
‰ The coal ministry has issued orders to revoke mining licences of
five blocks of NTPC, Damodar Valley Corporation (DVC) and
Jharkhand State Electricity Board with combined reserves of
1,000mt (ET).
‰ HDIL will reportedly get approval for shifting around 700 families
over the next fortnight for development of Mumbai International
Airport Limited (MIAL). (BS)
‰ NTPC is targeting to add 1.5GW more in the Southern region
during FY12. (BL)
‰ Coal India has demanded an amendment to the New Coal
Distribution Policy (NCDP) 2007. Its demand include roll back on
the 10% volume limit on coal e-auction and abolition of tapering
linkages, among others. (BS)
‰ The Toyota Liva is expected to start at just over Rs0.4m and the
top-end version, complete with multiple airbags and anti-lock
braking system, will be priced around Rs0.55-0.6m. (ET)
‰ Waiting period for Toyota’s Etios will go down from two months
currently to less than a month, in a fortnight. (BL)
‰ Midhani has signed a MoU with SAIL to augment its production
capacity to meet the special material requirements of its strategic
customers. (BL)
‰ The Supreme Court has issued notices to Petroleum and Natural
Gas Regulatory Board (PNGRB) and Gujarat State Petronet (GSPL)
on a petition filed by GAIL against the former’s decision to award a
pipeline contract to the state PSU. (FE)
‰ NMDC and Russian Steel maker OJSC Severstal will jointly invest
Rs90bn to set up a 5mt steel plant in Karnataka. (BL)
‰ Colgate is foraying into emerging categories like mouthwash and
sensitivity toothpaste to shore up its market share. (BS)
‰ Reliance Gas Transportation Infrastructure (RGTIL) is
reluctant to build two pipelines it had planned because no gas has
been allocated. (ET)
‰ Go Air has announced a Rs324bn deal to buy 72 airbus A320neo
planes. (BS)
‰ ING Vysya Bank has raised Rs9.7bn from institutional investors
and Netherlands-based promoter ING Groep NV. (Mint)
‰ IDBI Bank is looking to raise US$250m in the next three months
through a bond issue which will be partly guaranteed by the Asian
Development Bank (ADB). (ET)
‰ The Essar Group is likely to invest about Rs6bn in a port facility
in Canada to facilitate trade from its subsidiary Essar Steel Algoma.
(ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ NTPC has extracted firm completion deadlines from Russia’s
Technoprom Exports (TPE) and Power Machines, the vendors
supplying equipment for Barh and Sipat projects. (Mint)
‰ The 13-day long strike at Maruti Suzuki’s Manesar plant has
come to an end. (BS)
‰ Tata Steel has decided to sell off its 26.27% stake in Riversdale,
Australia to Rio Tinto for US$1.11bn. (BS)
News headlines: Economic and political
‰ The RBI has raised its key policy rate by 25bps to 7.5%. (Mint)
‰ Food inflation has come down marginally to 8.96% for the week
ended 4
th
June. (Mint)
‰ The telecom department (DoT) has asked sector regulator TRAI to
reconsider its recommendation to cancel 69 licences of five
operators for failure to roll out services in time. (ET)
‰ The Ministry of Chemicals and Fertilisers will reportedly revisit its
draft pharma policy to incorporate the changes in the recently
finalised National List of Essential Medicines (NLEM). (ET)
‰ Maharashtra government is likely to invite ‘request for qualification’
(RFQ) for the construction of the Navi Mumbai airport by monthend, whose master plan was approved recently. (ET)
News headlines: Corporate
‰ The Cabinet has steered clear of discussing Vedanta Resources’
plan to buy Cairn Energy's Indian assets, further delaying what
could be one of the largest deals in the Indian oil and gas sector.
(ET)
‰ The coal ministry has issued orders to revoke mining licences of
five blocks of NTPC, Damodar Valley Corporation (DVC) and
Jharkhand State Electricity Board with combined reserves of
1,000mt (ET).
‰ HDIL will reportedly get approval for shifting around 700 families
over the next fortnight for development of Mumbai International
Airport Limited (MIAL). (BS)
‰ NTPC is targeting to add 1.5GW more in the Southern region
during FY12. (BL)
‰ Coal India has demanded an amendment to the New Coal
Distribution Policy (NCDP) 2007. Its demand include roll back on
the 10% volume limit on coal e-auction and abolition of tapering
linkages, among others. (BS)
‰ The Toyota Liva is expected to start at just over Rs0.4m and the
top-end version, complete with multiple airbags and anti-lock
braking system, will be priced around Rs0.55-0.6m. (ET)
‰ Waiting period for Toyota’s Etios will go down from two months
currently to less than a month, in a fortnight. (BL)
‰ Midhani has signed a MoU with SAIL to augment its production
capacity to meet the special material requirements of its strategic
customers. (BL)
‰ The Supreme Court has issued notices to Petroleum and Natural
Gas Regulatory Board (PNGRB) and Gujarat State Petronet (GSPL)
on a petition filed by GAIL against the former’s decision to award a
pipeline contract to the state PSU. (FE)
‰ NMDC and Russian Steel maker OJSC Severstal will jointly invest
Rs90bn to set up a 5mt steel plant in Karnataka. (BL)
‰ Colgate is foraying into emerging categories like mouthwash and
sensitivity toothpaste to shore up its market share. (BS)
‰ Reliance Gas Transportation Infrastructure (RGTIL) is
reluctant to build two pipelines it had planned because no gas has
been allocated. (ET)
‰ Go Air has announced a Rs324bn deal to buy 72 airbus A320neo
planes. (BS)
‰ ING Vysya Bank has raised Rs9.7bn from institutional investors
and Netherlands-based promoter ING Groep NV. (Mint)
‰ IDBI Bank is looking to raise US$250m in the next three months
through a bond issue which will be partly guaranteed by the Asian
Development Bank (ADB). (ET)
‰ The Essar Group is likely to invest about Rs6bn in a port facility
in Canada to facilitate trade from its subsidiary Essar Steel Algoma.
(ET)
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