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News Headlines
India eases overseas-borrowing rules, allows yuan debt (Bloomberg Finance LP)
The government decided to raise the cap on foreign borrowings without approvals by 50 percent to $750 million. India also allowed companies to raise as much as $1 billion in yuan debt.
Food Inflation Rate Exceeds 9% for Sixth Week (Bloomberg Finance LP)
An index measuring wholesale prices of farm products rose 9.47% in the week ended Sept. 3 from a year earlier. It gained 9.55% the previous week.
India may miss infrastructure goal – Ahluwalia (Reuters)
India may miss a $500 billion target for infrastructure investment for the five years through 2012, but will likely create at least two $10 billion debt funds for the sector in the next few months, the deputy chairman of Planning Commission said on Thursday.
Petrol prices raised by 3.14 rupees (Reuters)
State-run oil firms will raise petrol prices by nearly 5 percent from Friday, a move that eases their subsidy burden but adds near-term pressure to stubbornly high inflation.
Differences stall policy on manufacturing (BS)
The much-awaited National Manufacturing Policy was on Thursday deferred by the Cabinet, as some ministers wanted more information on the policy and ostensibly because Labour Minister Mallikarjun Kharge was away in Turkey.
CBI dismisses Trai report on loss to exchequer in 2G scam (BS)
The Central Bureau of Investigation probing the 2G scam dismissed on Thursday the Trai’s report on the spectrum allocation as “irrelevant” to the case involving alleged under-pricing and manipulation of the wavelength allotted to 85 companies.
Plan approach paper projects 9% growth (BS)
The Cabinet on Thursday approved the approach paper to the 12th Five-Year Plan (2012-17) that projects an annual nine per cent growth.
Advance tax mop-up jumps 18% RIL, TCS on top SBI slips (BS)
Advance tax collections from the top 100 corporates from the nation’s financial capital saw a robust 18 per cent jump in the quarter to September.
BSE to bring Nasdaq 100 to India (BS)
After the NSE listed the Dow Jones Industrial and S&P 500 on its platform last week, the Bombay Stock Exchange is set to respond by listing the Nasdaq 100 index.
Services exports dip in July to $10.40 bn (BS)
India’s services exports dipped in July 2011 to $10.40 bn from $11.04 bn in June. This is a fall for a second month in row.
State-run oil marketing companies' borrowings up 24 pc to Rs 120,000 cr (ET)
Indian Oil, Bharat Petroleum and Hindustan Petroleum have seen their combined borrowings rise by 24 per cent at the end of August from Rs 96,700 crore in March.
ONGC's $2.5 bln share sale deferred – source (Reuters)
Oil and Natural Gas Corp's share sale valued at around $2.5 billion has been deferred due to bad market conditions, a source with direct knowledge said on Thursday.
Tata Steel gets $70-million order to supply high-speed rail track (ET)
Tata Steel said it has got a USD 70 million order to supply 84,000 tonnes rail for a new high-speed track connecting Bordeaux and Tours, two cities in France.
ABB wins USD 15 million order from JK Paper (ET)
ABB has won an order worth more than USD 15 mln to supply integrated automation and power equipment and related engineering and commissioning services.
M&M to divest Mahindra Holidays stake (Reuters)
Mahindra & Mahindra said on Thursday its board has approved divestment of up to 8.09 percent stake held in unit Mahindra Holidays & Resorts India Ltd.
Reliance Increases Fuel Exports in August (Bloomberg Finance LP)
Reliance Industries increased exports last month from its plants on India’s west coast to at least 2.4 million metric tons of oil products, shipping data show.
U.S. Industrial Production unexpectedly rose in August (Bloomberg Finance LP)
Industrial production in the U.S. unexpectedly rose in August, signaling manufacturing will support the world’s largest economy.
EU cuts GDP forecasts (Bloomberg Finance LP)
The European Union cut its growth forecasts for the second half to reflect a worsening outlook on the sovereign-debt crisis.
China Foreign Direct Investment rises 11.1% (Bloomberg Finance LP)
Foreign direct investment in China climbed 11.1 percent in August from a year earlier as the nation’s growth encourages companies to expand.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
India eases overseas-borrowing rules, allows yuan debt (Bloomberg Finance LP)
The government decided to raise the cap on foreign borrowings without approvals by 50 percent to $750 million. India also allowed companies to raise as much as $1 billion in yuan debt.
Food Inflation Rate Exceeds 9% for Sixth Week (Bloomberg Finance LP)
An index measuring wholesale prices of farm products rose 9.47% in the week ended Sept. 3 from a year earlier. It gained 9.55% the previous week.
India may miss infrastructure goal – Ahluwalia (Reuters)
India may miss a $500 billion target for infrastructure investment for the five years through 2012, but will likely create at least two $10 billion debt funds for the sector in the next few months, the deputy chairman of Planning Commission said on Thursday.
Petrol prices raised by 3.14 rupees (Reuters)
State-run oil firms will raise petrol prices by nearly 5 percent from Friday, a move that eases their subsidy burden but adds near-term pressure to stubbornly high inflation.
Differences stall policy on manufacturing (BS)
The much-awaited National Manufacturing Policy was on Thursday deferred by the Cabinet, as some ministers wanted more information on the policy and ostensibly because Labour Minister Mallikarjun Kharge was away in Turkey.
CBI dismisses Trai report on loss to exchequer in 2G scam (BS)
The Central Bureau of Investigation probing the 2G scam dismissed on Thursday the Trai’s report on the spectrum allocation as “irrelevant” to the case involving alleged under-pricing and manipulation of the wavelength allotted to 85 companies.
Plan approach paper projects 9% growth (BS)
The Cabinet on Thursday approved the approach paper to the 12th Five-Year Plan (2012-17) that projects an annual nine per cent growth.
Advance tax mop-up jumps 18% RIL, TCS on top SBI slips (BS)
Advance tax collections from the top 100 corporates from the nation’s financial capital saw a robust 18 per cent jump in the quarter to September.
BSE to bring Nasdaq 100 to India (BS)
After the NSE listed the Dow Jones Industrial and S&P 500 on its platform last week, the Bombay Stock Exchange is set to respond by listing the Nasdaq 100 index.
Services exports dip in July to $10.40 bn (BS)
India’s services exports dipped in July 2011 to $10.40 bn from $11.04 bn in June. This is a fall for a second month in row.
State-run oil marketing companies' borrowings up 24 pc to Rs 120,000 cr (ET)
Indian Oil, Bharat Petroleum and Hindustan Petroleum have seen their combined borrowings rise by 24 per cent at the end of August from Rs 96,700 crore in March.
ONGC's $2.5 bln share sale deferred – source (Reuters)
Oil and Natural Gas Corp's share sale valued at around $2.5 billion has been deferred due to bad market conditions, a source with direct knowledge said on Thursday.
Tata Steel gets $70-million order to supply high-speed rail track (ET)
Tata Steel said it has got a USD 70 million order to supply 84,000 tonnes rail for a new high-speed track connecting Bordeaux and Tours, two cities in France.
ABB wins USD 15 million order from JK Paper (ET)
ABB has won an order worth more than USD 15 mln to supply integrated automation and power equipment and related engineering and commissioning services.
M&M to divest Mahindra Holidays stake (Reuters)
Mahindra & Mahindra said on Thursday its board has approved divestment of up to 8.09 percent stake held in unit Mahindra Holidays & Resorts India Ltd.
Reliance Increases Fuel Exports in August (Bloomberg Finance LP)
Reliance Industries increased exports last month from its plants on India’s west coast to at least 2.4 million metric tons of oil products, shipping data show.
U.S. Industrial Production unexpectedly rose in August (Bloomberg Finance LP)
Industrial production in the U.S. unexpectedly rose in August, signaling manufacturing will support the world’s largest economy.
EU cuts GDP forecasts (Bloomberg Finance LP)
The European Union cut its growth forecasts for the second half to reflect a worsening outlook on the sovereign-debt crisis.
China Foreign Direct Investment rises 11.1% (Bloomberg Finance LP)
Foreign direct investment in China climbed 11.1 percent in August from a year earlier as the nation’s growth encourages companies to expand.
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