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India Equity Research Reports, IPO and Stock News
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News This Week
Economics
„ The centre hiked the price of diesel by Rs3 a litre, kerosene Rs2 a litre and
cooking gas by a steep Rs50 a cylinder. – Media
„ Cumulative rainfall was excess/normal in 26 and deficient/ scanty in 10 out of
36 meteorological sub-divisions, with overall rainfall in country above 11% of
the Long Period Average -- Media
„ Merchandise exports from India in May grew by an enormous 56.9%, at $25.9
billion, while imports too surged, to $40.9 billion, up 54.1% yoy. --Media
Corporate
„ Alstom bagged a contract worth Rs18.4bn in consortium with HCC from Tehri
Hydro Corp to construct a 1,000 MW hydro power plant in Uttarakhand.
„ ABG Shipyard has received a Rs9.7bn order from the Indian Navy for
construction of two cadet training ships. – Media
„ Punj Lloyd has won a Rs8.3bn contract from GSPC for a submarine pipeline
project in an exploration block on the country's East Coast. –Media
„ Wipro is now eligible to apply for becoming a vendor for World Bank, as the
four-year ban imposed on the software major ended this month. -Media
„ Hero Honda is expected to announce the location and investment details for
its proposed fourth plant within the next few weeks. - Media
„ Wockhardt has received tentative approval from the USFDA to market
Olopatadine hydrochloride eye drops in the American market. -Media
„ Maruti Suzuki India reported an 8.8% decline in total sales, to 80,298 units in
June from 88,091 units in the same month last year. – Media
„ Pfizer Inc has sued Mumbai-based Aurobindo Pharma over the generic
version of Lipitor. – Media
„ The CCEA has granted conditional approval to Vedanta Resources to buy
Cairn India. – Media
„ ACC shipments in June rose 7 percent from a year earlier, to 1.91 million
tonnes. – Media
„ NTPC would invest around Rs66bn for setting up a coal-based power project
at Kanpur, on which the work is expected to start in January 2012. The
proposed 1,320 Mw project is likely to come up at Bilhaur, near Kanpur in
Uttar Pradesh. – Media
„ To kick-start power capex and support SEB financials by offering low-cost
captive coal-based power, Ministry of Environment and Forest (MoEF) has
cleared nine captive mining projects of ~2.5bn T geological reserve in the last
week, of which eight blocks were in the 'no go' zone. – Media
Source: Collated from Bloomberg and following news papers - Economic Times, Live Mint,
Business Standard & Financial Express dated June 27 – Jul 1, 2011.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News This Week
Economics
„ The centre hiked the price of diesel by Rs3 a litre, kerosene Rs2 a litre and
cooking gas by a steep Rs50 a cylinder. – Media
„ Cumulative rainfall was excess/normal in 26 and deficient/ scanty in 10 out of
36 meteorological sub-divisions, with overall rainfall in country above 11% of
the Long Period Average -- Media
„ Merchandise exports from India in May grew by an enormous 56.9%, at $25.9
billion, while imports too surged, to $40.9 billion, up 54.1% yoy. --Media
Corporate
„ Alstom bagged a contract worth Rs18.4bn in consortium with HCC from Tehri
Hydro Corp to construct a 1,000 MW hydro power plant in Uttarakhand.
„ ABG Shipyard has received a Rs9.7bn order from the Indian Navy for
construction of two cadet training ships. – Media
„ Punj Lloyd has won a Rs8.3bn contract from GSPC for a submarine pipeline
project in an exploration block on the country's East Coast. –Media
„ Wipro is now eligible to apply for becoming a vendor for World Bank, as the
four-year ban imposed on the software major ended this month. -Media
„ Hero Honda is expected to announce the location and investment details for
its proposed fourth plant within the next few weeks. - Media
„ Wockhardt has received tentative approval from the USFDA to market
Olopatadine hydrochloride eye drops in the American market. -Media
„ Maruti Suzuki India reported an 8.8% decline in total sales, to 80,298 units in
June from 88,091 units in the same month last year. – Media
„ Pfizer Inc has sued Mumbai-based Aurobindo Pharma over the generic
version of Lipitor. – Media
„ The CCEA has granted conditional approval to Vedanta Resources to buy
Cairn India. – Media
„ ACC shipments in June rose 7 percent from a year earlier, to 1.91 million
tonnes. – Media
„ NTPC would invest around Rs66bn for setting up a coal-based power project
at Kanpur, on which the work is expected to start in January 2012. The
proposed 1,320 Mw project is likely to come up at Bilhaur, near Kanpur in
Uttar Pradesh. – Media
„ To kick-start power capex and support SEB financials by offering low-cost
captive coal-based power, Ministry of Environment and Forest (MoEF) has
cleared nine captive mining projects of ~2.5bn T geological reserve in the last
week, of which eight blocks were in the 'no go' zone. – Media
Source: Collated from Bloomberg and following news papers - Economic Times, Live Mint,
Business Standard & Financial Express dated June 27 – Jul 1, 2011.
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