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News headlines: Corporate
GAIL has agreed to buy 20% stake in one of Carrizo Oil & Gas’
shale gas assets in US and will invest US$300m over the next five
years. (BS)
NTPC is considering long-term offtake of coal from foreign coal
companies to meet the target of imported coal besides scouting for
acquisitions. (BS)
M&M has launched its global sports utility vehicle, XUV500. (BS)
News headlines: Economic and political
India will borrow Rs2.2tn in 2HFY12 higher than the budgeted
Rs1.67tn. (BS)
Food inflation has increased to 9.13% for the week ended
September 17 from 8.84% in the previous week. (BS)
The Mines and Mineral Development and Regulation Bill 2011 is
reportedly scheduled to be placed before the Cabinet today. (BS)
Indian Banks’ Association has written to RBI arguing against
abolishment of penalties on the early repayment of floating rate
home loans. (Mint)
News headlines: Corporate
Tata Steel’s rail facility in France has been upgraded to produce
longer 108m rails for high-speed networks. (BS)
Bharti Airtel has entered into an agreement with Nokia Siemens
Networks to expand its 2G network and roll-out its 3G network in
seven African countries. (BS)
Oberoi Realty has bought ICICI Venture’s entire 50% stake in a
luxury residential project proposed to be developed in Worli. (ET)
Shareholders of Unitech have rejected the management’s
proposal for payment of dividend of Rs0.1 per equity share for
FY11. (BS)
Axis Bank has unveiled a fixed home loan scheme which will
charge 11.75% interest for a 20-year loan. (mint)
United Spirits has decided to invest Rs3.5bn in a glass bottle
manufacturing facility in Vijaywada. (FE)
NTPC has tied up a syndicated loan of Rs.23.4bn for its 390MW
power plant in Muzhaffarpur, Bihar. (BL)
Maruti Suzuki has drawn up plans to double its sales network by
2015 across India with a focus on small towns and cities. (BS)
Essar Steel’s plea against Ministry of Petroleum and Natural Gas
decision asking Reliance Industries to cut gas supply to it from KGD6
basis has been rejected. (BS)
Bank of Maharashtra has raised Base rate by 20bps to 10.7%.
(BS)
BG Group has signed an agreement to sell up to 2.5mtpa of LNG
to Gujarat State Petronet (GPSC) on a long-term contract. (BS)
Ashok Leyland has secured a Rs1.78bn order from the
government of Tanzania to supply 723 trucks, buses and
application vehicles. (BS)
The shareholders of Spicejet have approved issuing over 35.9m
shares estimated around Rs1.3bn to Kalanithi Maran on
preferential basis. (BS)
Nalco has drawn up plans to invest Rs115bn to diversify into
nuclear power. (BS)
Sistema Shyam Teleservices has received a loan totaling
US$200m from ICICI bank (50%) and Barclays Bank (50%).
(BS)
Dewan Housing Finance plans to raise up to Rs10bn through
share sale. (BS)
Wockhardt has decided to the dues to its bondholders amounting
to Rs3.6bn. (Mint)
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
GAIL has agreed to buy 20% stake in one of Carrizo Oil & Gas’
shale gas assets in US and will invest US$300m over the next five
years. (BS)
NTPC is considering long-term offtake of coal from foreign coal
companies to meet the target of imported coal besides scouting for
acquisitions. (BS)
M&M has launched its global sports utility vehicle, XUV500. (BS)
News headlines: Economic and political
India will borrow Rs2.2tn in 2HFY12 higher than the budgeted
Rs1.67tn. (BS)
Food inflation has increased to 9.13% for the week ended
September 17 from 8.84% in the previous week. (BS)
The Mines and Mineral Development and Regulation Bill 2011 is
reportedly scheduled to be placed before the Cabinet today. (BS)
Indian Banks’ Association has written to RBI arguing against
abolishment of penalties on the early repayment of floating rate
home loans. (Mint)
News headlines: Corporate
Tata Steel’s rail facility in France has been upgraded to produce
longer 108m rails for high-speed networks. (BS)
Bharti Airtel has entered into an agreement with Nokia Siemens
Networks to expand its 2G network and roll-out its 3G network in
seven African countries. (BS)
Oberoi Realty has bought ICICI Venture’s entire 50% stake in a
luxury residential project proposed to be developed in Worli. (ET)
Shareholders of Unitech have rejected the management’s
proposal for payment of dividend of Rs0.1 per equity share for
FY11. (BS)
Axis Bank has unveiled a fixed home loan scheme which will
charge 11.75% interest for a 20-year loan. (mint)
United Spirits has decided to invest Rs3.5bn in a glass bottle
manufacturing facility in Vijaywada. (FE)
NTPC has tied up a syndicated loan of Rs.23.4bn for its 390MW
power plant in Muzhaffarpur, Bihar. (BL)
Maruti Suzuki has drawn up plans to double its sales network by
2015 across India with a focus on small towns and cities. (BS)
Essar Steel’s plea against Ministry of Petroleum and Natural Gas
decision asking Reliance Industries to cut gas supply to it from KGD6
basis has been rejected. (BS)
Bank of Maharashtra has raised Base rate by 20bps to 10.7%.
(BS)
BG Group has signed an agreement to sell up to 2.5mtpa of LNG
to Gujarat State Petronet (GPSC) on a long-term contract. (BS)
Ashok Leyland has secured a Rs1.78bn order from the
government of Tanzania to supply 723 trucks, buses and
application vehicles. (BS)
The shareholders of Spicejet have approved issuing over 35.9m
shares estimated around Rs1.3bn to Kalanithi Maran on
preferential basis. (BS)
Nalco has drawn up plans to invest Rs115bn to diversify into
nuclear power. (BS)
Sistema Shyam Teleservices has received a loan totaling
US$200m from ICICI bank (50%) and Barclays Bank (50%).
(BS)
Dewan Housing Finance plans to raise up to Rs10bn through
share sale. (BS)
Wockhardt has decided to the dues to its bondholders amounting
to Rs3.6bn. (Mint)
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