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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Sesa Goa has said that its performance will be affected by the
Supreme Order order which extends the mining ban to two more
districts in Karnataka. (BS)
The Steel Secretary has said that SAIL’s follow-on public offering
could be launched this fiscal despite the weak markets. (Mint)
ONGC is likely to start oil and gas production from Krishna-
Godavari basin field GS-15, off the Andhra coast, next month. (ET)
The finance ministry has agreed to directly infuse Rs30bn into SBI
to meet the bank’s capital needs. The bank is likely to defer its
proposed rights issue to later in the year or next fiscal. (ET)
News headlines: Economic and political
Supreme Court has extended the iron ore mining ban to two more
districts in Karnataka. (Mint)
Reserve Bank of India (RBI) has said that Indian banks would
adhere to the globally agreed implementation timeline of Basel III
norms and complete the implementation by 2019. (BS)
The government has decided to sanction Rs20bn to some public
sector banks as part of it recapitalization drive. (BS)
India’s current account deficit has fallen to 2.6% of GDP in 2010-
11 from 2.8% in the previous fiscal. (IE)
India’s July refinery output has risen by 3.9% YoY. (Mint)
The Oil Minister has said that state fuel retailers may post a
Rs.1.2trn revenue loss on selling diesel, cooking gas, and kerosene
at government-controlled rates this fiscal. (Mint)
Securities and Exchange Board of India has allowed infrastructure
finance companies to issue corporate bonds to foreign institutional
investors. (FE)
A panel constituted by RBI may suggest provisioning and reserve
requirement rules for non-banking finance companies that will
narrow the gap between these lenders and banks. (ET)
Two stretches of dedicated freight corridor project are reportedly
expected to commence operations by the end of 2014. (ET)
News headlines: Corporate
The Reliance Anil Dhirubhai Ambani Group is reportedly planning to
sell up to 49% stake in its DTH venture Reliance Big TV to raise
Rs20-25bn. (FE)
DLF is reportedly in talks with IDFC to sell the entire 70% stake it
holds in DLF IT park in Noida. (FE)
Oil India is reportedly drawing up plans to enter into the city gas
distribution space as part of its expansion and diversification
strategy. (ET)
Maruti Suzuki is reportedly planning to launch 15-20 new
vehicles in the next five years. (ET)
Allahabad Bank is planning to enter into four Asian cities by
opening branches in increase its international footprint. (BS)
Wockhardt plans to launch 12-15 products in the US market this
fiscal and also increase in reach in the European market. (BS)
Kingfisher Airlines’ board has approved Rs20bn rights issue,
however the timelines have not been revealed by the company.
(BS)
Bank of India has raised US$200m through a syndicated foreign
currency loan to expand its foreign operations. (IE)
Spicejet has drawn up plans to issue nearly 36mn equity shares
to its owner Kalanithi Maran on a preferential basis at a price to be
determined later. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Sesa Goa has said that its performance will be affected by the
Supreme Order order which extends the mining ban to two more
districts in Karnataka. (BS)
The Steel Secretary has said that SAIL’s follow-on public offering
could be launched this fiscal despite the weak markets. (Mint)
ONGC is likely to start oil and gas production from Krishna-
Godavari basin field GS-15, off the Andhra coast, next month. (ET)
The finance ministry has agreed to directly infuse Rs30bn into SBI
to meet the bank’s capital needs. The bank is likely to defer its
proposed rights issue to later in the year or next fiscal. (ET)
News headlines: Economic and political
Supreme Court has extended the iron ore mining ban to two more
districts in Karnataka. (Mint)
Reserve Bank of India (RBI) has said that Indian banks would
adhere to the globally agreed implementation timeline of Basel III
norms and complete the implementation by 2019. (BS)
The government has decided to sanction Rs20bn to some public
sector banks as part of it recapitalization drive. (BS)
India’s current account deficit has fallen to 2.6% of GDP in 2010-
11 from 2.8% in the previous fiscal. (IE)
India’s July refinery output has risen by 3.9% YoY. (Mint)
The Oil Minister has said that state fuel retailers may post a
Rs.1.2trn revenue loss on selling diesel, cooking gas, and kerosene
at government-controlled rates this fiscal. (Mint)
Securities and Exchange Board of India has allowed infrastructure
finance companies to issue corporate bonds to foreign institutional
investors. (FE)
A panel constituted by RBI may suggest provisioning and reserve
requirement rules for non-banking finance companies that will
narrow the gap between these lenders and banks. (ET)
Two stretches of dedicated freight corridor project are reportedly
expected to commence operations by the end of 2014. (ET)
News headlines: Corporate
The Reliance Anil Dhirubhai Ambani Group is reportedly planning to
sell up to 49% stake in its DTH venture Reliance Big TV to raise
Rs20-25bn. (FE)
DLF is reportedly in talks with IDFC to sell the entire 70% stake it
holds in DLF IT park in Noida. (FE)
Oil India is reportedly drawing up plans to enter into the city gas
distribution space as part of its expansion and diversification
strategy. (ET)
Maruti Suzuki is reportedly planning to launch 15-20 new
vehicles in the next five years. (ET)
Allahabad Bank is planning to enter into four Asian cities by
opening branches in increase its international footprint. (BS)
Wockhardt plans to launch 12-15 products in the US market this
fiscal and also increase in reach in the European market. (BS)
Kingfisher Airlines’ board has approved Rs20bn rights issue,
however the timelines have not been revealed by the company.
(BS)
Bank of India has raised US$200m through a syndicated foreign
currency loan to expand its foreign operations. (IE)
Spicejet has drawn up plans to issue nearly 36mn equity shares
to its owner Kalanithi Maran on a preferential basis at a price to be
determined later. (ET)
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