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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The direct tax collections rose 26% in the first five months of the current
fiscal obviating fears of a drop in government revenue because of the
slowdown (ET).
4 Food inflation fell to 9.55% for the week ended August 27 from 10.05%
in the previous week (ET).
4 The National Highways Authority of India (NHAI) is planning to follow the
Uttar Pradesh model for developing expressways. A senior NHAI official
said they were discussing the model, of offering longer concession periods
and land pockets for real estate development along an expressway. (BS)
Corporate News
4 CAG in his report has questioned the Petroleum Ministry and the DGH for
allowing RIL to retain the entire area of the giant D6 fields. But the
report was silent on whether the capital expenditure raised from $2.4 bn
to $8.8 bn by the contractor was unjustified or inflated. (Hindu)
4 Ranbaxy Laboratories rose has said the company is on track to launch a
low-cost version of the world's largest-selling drug, Lipitor in the United
States by November 30 of the current year (ET).
4 Petronet LNG has said that it will decide on the location of the third LNG
terminal on the eastern coast by the end of this year. The terminal will
have a capacity of 5 million tonnes per annum and may be expanded later
(BS).
4 Bharti Airtel has won mobile permits to offer second and thirdgeneration
services in Rwanda (Africa ),expanding its global footprint to
20 countries (ET).
4 Electrotherm (India) Ltd, which offers customised steel-making
machinery to secondary steel industry, expects to produce 100 units of its
newly developed continuous casting machine (CCM) next year (BS).
4 British Gas is keen to expand its exploration portfolio in India and is eyeing
stakes in ONGCs deepwater block and considering investment in an LNG
terminal (ET).
4 Orient Green Power Company Ltd is planning to double the power
generation capacity by the end of current fiscal, with an investment of
around Rs 12 to 13 bn. The company is planning to add around 225 MW
capacity, wind power and biomass capacities combined, to the 220 MW
capacity installed till March 31, 2011 (BS).
4 The board of Maruti Suzuki India is likely to take a decision on setting
up a new manufacturing unit in Gujarat by end of October this year (ET).
4 Madras Fertilizers Ltd (MFL) has entered into a one-time settlement
(OTS) with financial institutions to settle its dues to the tune of Rs 2.3 bn
in near term (BS).
4 Reliance Communications has bagged a Rs 14 bn deal from HDFC Bank
to build and maintain a data center. The contract will span over 15 years
and will entail building a proposed facility over 350,000 sq ft in Mumbai
(TOI).
4 The Reserve Bank of India has told private lender Axis Bank that the
proposed acquisition of Enams broking and investment banking businesses
has to be an all-cash deal. The.20.6 bn deal, pending since last November,
was jointly announced by both the companies (ET).
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The direct tax collections rose 26% in the first five months of the current
fiscal obviating fears of a drop in government revenue because of the
slowdown (ET).
4 Food inflation fell to 9.55% for the week ended August 27 from 10.05%
in the previous week (ET).
4 The National Highways Authority of India (NHAI) is planning to follow the
Uttar Pradesh model for developing expressways. A senior NHAI official
said they were discussing the model, of offering longer concession periods
and land pockets for real estate development along an expressway. (BS)
Corporate News
4 CAG in his report has questioned the Petroleum Ministry and the DGH for
allowing RIL to retain the entire area of the giant D6 fields. But the
report was silent on whether the capital expenditure raised from $2.4 bn
to $8.8 bn by the contractor was unjustified or inflated. (Hindu)
4 Ranbaxy Laboratories rose has said the company is on track to launch a
low-cost version of the world's largest-selling drug, Lipitor in the United
States by November 30 of the current year (ET).
4 Petronet LNG has said that it will decide on the location of the third LNG
terminal on the eastern coast by the end of this year. The terminal will
have a capacity of 5 million tonnes per annum and may be expanded later
(BS).
4 Bharti Airtel has won mobile permits to offer second and thirdgeneration
services in Rwanda (Africa ),expanding its global footprint to
20 countries (ET).
4 Electrotherm (India) Ltd, which offers customised steel-making
machinery to secondary steel industry, expects to produce 100 units of its
newly developed continuous casting machine (CCM) next year (BS).
4 British Gas is keen to expand its exploration portfolio in India and is eyeing
stakes in ONGCs deepwater block and considering investment in an LNG
terminal (ET).
4 Orient Green Power Company Ltd is planning to double the power
generation capacity by the end of current fiscal, with an investment of
around Rs 12 to 13 bn. The company is planning to add around 225 MW
capacity, wind power and biomass capacities combined, to the 220 MW
capacity installed till March 31, 2011 (BS).
4 The board of Maruti Suzuki India is likely to take a decision on setting
up a new manufacturing unit in Gujarat by end of October this year (ET).
4 Madras Fertilizers Ltd (MFL) has entered into a one-time settlement
(OTS) with financial institutions to settle its dues to the tune of Rs 2.3 bn
in near term (BS).
4 Reliance Communications has bagged a Rs 14 bn deal from HDFC Bank
to build and maintain a data center. The contract will span over 15 years
and will entail building a proposed facility over 350,000 sq ft in Mumbai
(TOI).
4 The Reserve Bank of India has told private lender Axis Bank that the
proposed acquisition of Enams broking and investment banking businesses
has to be an all-cash deal. The.20.6 bn deal, pending since last November,
was jointly announced by both the companies (ET).
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