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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
Moody’s has reaffirmed ICICI Bank’s C- credit rating while Fitch
has reaffirmed Axis Bank’s BBB- credit rating. (BS)
CBI may register an FIR against executives of Reliance
Industries and the DGH following the CAG report on the KG-D6
block. (BS)
JSW Steel is optimistic of returning to full utilisation at its
Karnataka unit by the end of October, against 30% now, using iron
ore purchased at e-auctions. (BS)
SBI is hopeful of receiving a Rs100bn infusion from the
government by March 2012. (FE)
BHEL will reportedly defer its plan to set up a finance company to
fund power projects due to lack of progress in the sector. (Mint)
News headlines: Economic and political
Bank credit rose 3.9% between April-September as compared to
the 5.6% increase seen in the same period last year, while bank
deposits rose 6.3% as compared to 4.9% last year. (BS)
HSBC Purchasing Manager’s Index (PMI) for India’s services sector
declined to 49 in September against 53.8 in August. (BS)
The Finance Ministry has asked all public sector banks to submit
details of their credit ratings and fund raising plans. (BS)
The new telecom policy may separate licensing and spectrum
allocation functions from DoT’s policy making area. (BS)
The Ministry of Civil Aviation may propose new guidelines and a
framework for economic regulation of new airports. (Mint)
The government plans to review over 200 MoUs signed by
companies for setting up steel plants due to a lack of progress on
major projects. (BS)
The planning commission will review the two main road contract
models in India to decide what is better. (BS)
Private equity investments in India were US$2.25bn across 98
deals in 3QCY11, against US$2.91bn in 3QCY10. (BS)
The government may release revised guidelines for upcoming
coastal UMPPs in the next few months. (BS)
The government has launched a tablet computer priced at US$35,
the cheapest in the world. (BS)
News headlines: Corporate
Essar Power has earmarked investments of US$3bn over the next
three years in thermal power plants. (BS)
Tata Power will commission the first unit of its ultra mega power
plant at Mundra in the next four months. (BS)
BHEL has received an order worth Rs38bn from Dainik Bhaskar
Power for a 1320MW power plant. (ET)
The DoT may have asked its legal department to examine the 3G
roaming agreements between Bharti Airtel, Vodafone and Idea
Cellular, and may have also asked for TRAI’s opinion. (ET)
Bharti’s Nigeria unit has seen some service disruptions due to
protests by the Nigerian Labor Congress, a union. (Bloomberg)
Walt Disney has reportedly bought a 100% stake in UTV’s
Indiagames for an estimated US$80-100m. (BS)
BPCL and Videocon have made a gas discovery in Mozambique
that may hold 10 trillion cu ft of reserves. (BS)
NMDC has lined up capex of Rs24.5bn for mining projects. (BS)
Godrej Properties has signed an agreement with Godrej & Boyce
to develop the latter’s land at Vikhroli in Mumbai. (BS)
Suzlon has received an order for supplying wind turbines with a
combined capacity of 25.5MW to GAIL. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
Moody’s has reaffirmed ICICI Bank’s C- credit rating while Fitch
has reaffirmed Axis Bank’s BBB- credit rating. (BS)
CBI may register an FIR against executives of Reliance
Industries and the DGH following the CAG report on the KG-D6
block. (BS)
JSW Steel is optimistic of returning to full utilisation at its
Karnataka unit by the end of October, against 30% now, using iron
ore purchased at e-auctions. (BS)
SBI is hopeful of receiving a Rs100bn infusion from the
government by March 2012. (FE)
BHEL will reportedly defer its plan to set up a finance company to
fund power projects due to lack of progress in the sector. (Mint)
News headlines: Economic and political
Bank credit rose 3.9% between April-September as compared to
the 5.6% increase seen in the same period last year, while bank
deposits rose 6.3% as compared to 4.9% last year. (BS)
HSBC Purchasing Manager’s Index (PMI) for India’s services sector
declined to 49 in September against 53.8 in August. (BS)
The Finance Ministry has asked all public sector banks to submit
details of their credit ratings and fund raising plans. (BS)
The new telecom policy may separate licensing and spectrum
allocation functions from DoT’s policy making area. (BS)
The Ministry of Civil Aviation may propose new guidelines and a
framework for economic regulation of new airports. (Mint)
The government plans to review over 200 MoUs signed by
companies for setting up steel plants due to a lack of progress on
major projects. (BS)
The planning commission will review the two main road contract
models in India to decide what is better. (BS)
Private equity investments in India were US$2.25bn across 98
deals in 3QCY11, against US$2.91bn in 3QCY10. (BS)
The government may release revised guidelines for upcoming
coastal UMPPs in the next few months. (BS)
The government has launched a tablet computer priced at US$35,
the cheapest in the world. (BS)
News headlines: Corporate
Essar Power has earmarked investments of US$3bn over the next
three years in thermal power plants. (BS)
Tata Power will commission the first unit of its ultra mega power
plant at Mundra in the next four months. (BS)
BHEL has received an order worth Rs38bn from Dainik Bhaskar
Power for a 1320MW power plant. (ET)
The DoT may have asked its legal department to examine the 3G
roaming agreements between Bharti Airtel, Vodafone and Idea
Cellular, and may have also asked for TRAI’s opinion. (ET)
Bharti’s Nigeria unit has seen some service disruptions due to
protests by the Nigerian Labor Congress, a union. (Bloomberg)
Walt Disney has reportedly bought a 100% stake in UTV’s
Indiagames for an estimated US$80-100m. (BS)
BPCL and Videocon have made a gas discovery in Mozambique
that may hold 10 trillion cu ft of reserves. (BS)
NMDC has lined up capex of Rs24.5bn for mining projects. (BS)
Godrej Properties has signed an agreement with Godrej & Boyce
to develop the latter’s land at Vikhroli in Mumbai. (BS)
Suzlon has received an order for supplying wind turbines with a
combined capacity of 25.5MW to GAIL. (BS)
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