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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Tata Motors is looking to raise US$750m through an overseas
borrowing to meet working capital needs and to cut existing debt.
(BS)
Power Grid Corp. and Aditya Birla group are reportedly looking
to independently acquire stakes in Portuguese power utilities.
(Mint)
Punjab National Bank has completed formalities to acquire 30%
stake in Metlife. (BS)
News headlines: Economic and political
Mobile phone subscriber base grew by 0.86% mom in August with
the addition of 7.3m new connections. (BS)
The government expects to resolve the telecom industry’s
immediate issues related to policy, regulator and infrastructure in
next six months. (BS)
Communication and IT minister Kapil Sibal has said that the
National Telecom Policy, 2011 will be sent for cabinet approval this
year. (BS)
India’s food inflation rose to 10.6% for the week ending October 8
on the back of costlier vegetables, fruits, milk and protein-based
items. (ET)
The Agriculture ministry has proposed a hike of Rs115 per quintal
in the minimum support price for wheat to Rs1,285 per quintal.
(Mint)
News headlines: Corporate
State Bank of India has said that it requires to raise Rs400bn of
core capital in the next five years of which Rs78bn need to be
raised in this fiscal to shore up its Tier-I ratio to 8%. (ET)
The promoter group of M&M has raised its stake to over 25%.
(BS)
Cairn India reported 2QFY12 net profit of Rs7.6bn, -51% YoY.
(BS)
IDBI Bank reported 2QFY12 net profit of Rs5.2bn, +20% YoY.
(BS)
The government has ruled out the disinvestment of Air India and
has said that it is trying to bring the company to ‘no-profit, no-loss’
status. (BS)
Bajaj Auto reported 2QFY12 net profit of Rs7.3bn, +6% YoY. (BS)
Ultratech Cement reported 2QFY12 net profit of Rs2.8bn, +140%
YoY. (BS)
Hexaware Technologies reported 2QFY12 net profit of Rs650m,
+54% YoY. (BS)
Exide Industries reported 2QFY12 net profit of Rs511m, -76%
YoY. (BS)
Bharti Enterprises and Japan's Softbank Corp have formed an
equal joint venture to focus on mobile Internet. (BS)
Yes Bank reported 2QFY12 net profit of Rs2.3bn, +33% YoY. (BS)
Biocon reported 2QFY12 net profit of Rs857m, -4% YoY. (BS)
Infosys is planning to add 600 employees to its Singapore
operations to take advantage of the shift in investments from the
United States and Europe to Asia. (BS)
State Bank of Travancore reported 2QFY12 of Rs1.2bn, -28%
YoY. (BS)
State Bank of India has decided to allow stretching the loan
repayment tenure to maximum of 30 years. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Tata Motors is looking to raise US$750m through an overseas
borrowing to meet working capital needs and to cut existing debt.
(BS)
Power Grid Corp. and Aditya Birla group are reportedly looking
to independently acquire stakes in Portuguese power utilities.
(Mint)
Punjab National Bank has completed formalities to acquire 30%
stake in Metlife. (BS)
News headlines: Economic and political
Mobile phone subscriber base grew by 0.86% mom in August with
the addition of 7.3m new connections. (BS)
The government expects to resolve the telecom industry’s
immediate issues related to policy, regulator and infrastructure in
next six months. (BS)
Communication and IT minister Kapil Sibal has said that the
National Telecom Policy, 2011 will be sent for cabinet approval this
year. (BS)
India’s food inflation rose to 10.6% for the week ending October 8
on the back of costlier vegetables, fruits, milk and protein-based
items. (ET)
The Agriculture ministry has proposed a hike of Rs115 per quintal
in the minimum support price for wheat to Rs1,285 per quintal.
(Mint)
News headlines: Corporate
State Bank of India has said that it requires to raise Rs400bn of
core capital in the next five years of which Rs78bn need to be
raised in this fiscal to shore up its Tier-I ratio to 8%. (ET)
The promoter group of M&M has raised its stake to over 25%.
(BS)
Cairn India reported 2QFY12 net profit of Rs7.6bn, -51% YoY.
(BS)
IDBI Bank reported 2QFY12 net profit of Rs5.2bn, +20% YoY.
(BS)
The government has ruled out the disinvestment of Air India and
has said that it is trying to bring the company to ‘no-profit, no-loss’
status. (BS)
Bajaj Auto reported 2QFY12 net profit of Rs7.3bn, +6% YoY. (BS)
Ultratech Cement reported 2QFY12 net profit of Rs2.8bn, +140%
YoY. (BS)
Hexaware Technologies reported 2QFY12 net profit of Rs650m,
+54% YoY. (BS)
Exide Industries reported 2QFY12 net profit of Rs511m, -76%
YoY. (BS)
Bharti Enterprises and Japan's Softbank Corp have formed an
equal joint venture to focus on mobile Internet. (BS)
Yes Bank reported 2QFY12 net profit of Rs2.3bn, +33% YoY. (BS)
Biocon reported 2QFY12 net profit of Rs857m, -4% YoY. (BS)
Infosys is planning to add 600 employees to its Singapore
operations to take advantage of the shift in investments from the
United States and Europe to Asia. (BS)
State Bank of Travancore reported 2QFY12 of Rs1.2bn, -28%
YoY. (BS)
State Bank of India has decided to allow stretching the loan
repayment tenure to maximum of 30 years. (BS)
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