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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
BSNL has appealed to the DoT & TRAI against the roaming
agreement between Bharti Airtel, Vodafone Essar and Idea
Cellular for providing 3G telecom services. (BE)
Infosys Ltd is looking for acquisitions worth up to US$700m to
drive inorganic growth. (FE)
Yes Bank has raised savings rate by 200bps to 6%. (ET)
Kotak Mahindra Bank reported 2QFY12 net profit of Rs4.325bn,
+18.8% YoY. (BS)
News headlines: Economic and political
Dept. of Financial Services has stated that any bank with 58%
Govt. shareholding and 8% Tier-I capital is eligible for
recapitalization by the govt. This will require a budgetary allocation
of Rs200bn for the 26 PSBs. (BL)
The Central govt. sanctioned Rs21bn for setting up 21 new
integrated textiles parks in nine States. (BS)
Food inflation for the week ended Oct-15 increased to 11.43%
from 10.6% reported last week. (BS)
Procurement of rice by Government agencies for the kharif
marketing season of October-11 to September-11 grew 7% to
cross 34.1m tonnes. (BL)
News headlines: Corporate
Muthoot Finance Ltd. reported 2QFY12 net profit of Rs2.15bn,
+88% YoY. (BS)
Parle Agro is launching its mango juice brand Frooti in glass
bottles to challenge the dominance of Coca-Cola's Maaza. (ET)
Nokia is targeting over 50% market share in India within 2012.
(ET)
Colgate Palmolive plans to set up a greenfield facility at an
upcoming industrial estate in Sanand with an estimated investment
of Rs2bn. (ET)
30 thermal plants, including units run by NTPC, Reliance Power,
Sterlite and Damodar Valley Corp. are now operating with coal
stocks for less than seven days. (ET)
The Orissa State Pollution Control Board (OSPCB) has issued a
show cause notice to NALCO (National Aluminium Company Ltd).
(ET)
Export Import Bank of India (Exim Bank) plans to raise
Rs2.75bn through 3-year bonds at 9.55%. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
BSNL has appealed to the DoT & TRAI against the roaming
agreement between Bharti Airtel, Vodafone Essar and Idea
Cellular for providing 3G telecom services. (BE)
Infosys Ltd is looking for acquisitions worth up to US$700m to
drive inorganic growth. (FE)
Yes Bank has raised savings rate by 200bps to 6%. (ET)
Kotak Mahindra Bank reported 2QFY12 net profit of Rs4.325bn,
+18.8% YoY. (BS)
News headlines: Economic and political
Dept. of Financial Services has stated that any bank with 58%
Govt. shareholding and 8% Tier-I capital is eligible for
recapitalization by the govt. This will require a budgetary allocation
of Rs200bn for the 26 PSBs. (BL)
The Central govt. sanctioned Rs21bn for setting up 21 new
integrated textiles parks in nine States. (BS)
Food inflation for the week ended Oct-15 increased to 11.43%
from 10.6% reported last week. (BS)
Procurement of rice by Government agencies for the kharif
marketing season of October-11 to September-11 grew 7% to
cross 34.1m tonnes. (BL)
News headlines: Corporate
Muthoot Finance Ltd. reported 2QFY12 net profit of Rs2.15bn,
+88% YoY. (BS)
Parle Agro is launching its mango juice brand Frooti in glass
bottles to challenge the dominance of Coca-Cola's Maaza. (ET)
Nokia is targeting over 50% market share in India within 2012.
(ET)
Colgate Palmolive plans to set up a greenfield facility at an
upcoming industrial estate in Sanand with an estimated investment
of Rs2bn. (ET)
30 thermal plants, including units run by NTPC, Reliance Power,
Sterlite and Damodar Valley Corp. are now operating with coal
stocks for less than seven days. (ET)
The Orissa State Pollution Control Board (OSPCB) has issued a
show cause notice to NALCO (National Aluminium Company Ltd).
(ET)
Export Import Bank of India (Exim Bank) plans to raise
Rs2.75bn through 3-year bonds at 9.55%. (ET)
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