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India Equity Research Reports, IPO and Stock News
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Economy News
4 Food inflation came at -2.9% for week ended December 31st 2011, for
second consecutive week. (BL)
4 NFCSF,an industry body representing cooperative sugar mills, demanded
export permission for another 10 lakh tonnes of the sweetener in the
2011-12 marketing year, which started in October, to improve cash flows
and enable timely payment to cane farmers. (ET)
4 The prime minister's office (PMO) has directed the coal ministry to put on
hold its policy that bars captive miners from excess production. This is an
exceptional case where a policy approved by a cabinet minister and made
public on the ministrys website has been stalled. (ET)
Corporate News
4 Directed by the Prime Minister Office (PMO) Coal India will deploy its
surplus cash to invest in the eastern freight corridor, build power plants
and boost capital expenditure. (ET)
4 US based coffee giant, Starbucks has said that it is moving forward with
the memorandum of understanding (MoU) signed with Tata Coffee and
hopes to make an announcement soon even as the government has
notified 100 per cent FDI in single brand retail. (BL)
4 Oil India Ltd (OIL) is in advanced talks to acquire an oil and gas
producing asset in Africa, spending nearly Rs 50-60 bn. (BS)
4 The department of disinvestment and the ministry of defence are slated
to draw up a strategy on buyback of shares by Bharat Electronic
Limited (BEL) and submit it to the prime minister's office within a week.
This may kick off the government's public sector undertaking buyback
plan which is one of the options considered by the government to
increase disinvestment proceeds. (BS)
4 Suzlon Energy subsidiary, REpower Systems SE, has concluded a contract
with a US wind power developer for the delivery of 73 wind turbines. The
REpower MM92 turbines, with an overall power output of 150
megawatts (MW), are destined for a project in Oklahoma. (BL)
4 National Thermal Power Corporation Limited (NTPC) is likely to start
work on the first stage of 4,000 Mw ultra mega power project at Kudgi in
Bijapur district shortly. Following the transfer of 1,923 acres land by the
state government, the board of NTPC recently approved a proposal to
take up the work for the first stage of 3x800 Mw project at an estimated
investment of Rs 151 bn. (BS)
4 The management of Thomas Cook has clarified, the UK-based travel
and foreign exchange operator, has no plan to sell stake in its Indian arm.
(BS)
4 GMR Group chairman Grandhi Mallikarjuna Rao exchanged MoU papers
with chief minister N Kiran Kumar Reddy for setting up a 15-million tonne
capacity multi-product refinery and petrochemical complex project at an
investment of Rs 300 bn at Kakinada. (BS)
4 The Bombay High Court dismisses Public Interest Litigation (PIL) against
Reliance Industries Limited in KG-D 6 Case on the ground that the
company has still time to submit its reply to the government. (ET)
4 Fortis Healthcare has completed the $665-million acquisition of
Singapore based Fortis Healthcare International Pte. It is a privately-held
firm owned by its founders, the Singh brothers. In September, Fortis
Healthcare announced that it will buy Fortis Healthcare International, the
global healthcare business arm of the founders, from RHC Financial
Services Mauritius. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 Food inflation came at -2.9% for week ended December 31st 2011, for
second consecutive week. (BL)
4 NFCSF,an industry body representing cooperative sugar mills, demanded
export permission for another 10 lakh tonnes of the sweetener in the
2011-12 marketing year, which started in October, to improve cash flows
and enable timely payment to cane farmers. (ET)
4 The prime minister's office (PMO) has directed the coal ministry to put on
hold its policy that bars captive miners from excess production. This is an
exceptional case where a policy approved by a cabinet minister and made
public on the ministrys website has been stalled. (ET)
Corporate News
4 Directed by the Prime Minister Office (PMO) Coal India will deploy its
surplus cash to invest in the eastern freight corridor, build power plants
and boost capital expenditure. (ET)
4 US based coffee giant, Starbucks has said that it is moving forward with
the memorandum of understanding (MoU) signed with Tata Coffee and
hopes to make an announcement soon even as the government has
notified 100 per cent FDI in single brand retail. (BL)
4 Oil India Ltd (OIL) is in advanced talks to acquire an oil and gas
producing asset in Africa, spending nearly Rs 50-60 bn. (BS)
4 The department of disinvestment and the ministry of defence are slated
to draw up a strategy on buyback of shares by Bharat Electronic
Limited (BEL) and submit it to the prime minister's office within a week.
This may kick off the government's public sector undertaking buyback
plan which is one of the options considered by the government to
increase disinvestment proceeds. (BS)
4 Suzlon Energy subsidiary, REpower Systems SE, has concluded a contract
with a US wind power developer for the delivery of 73 wind turbines. The
REpower MM92 turbines, with an overall power output of 150
megawatts (MW), are destined for a project in Oklahoma. (BL)
4 National Thermal Power Corporation Limited (NTPC) is likely to start
work on the first stage of 4,000 Mw ultra mega power project at Kudgi in
Bijapur district shortly. Following the transfer of 1,923 acres land by the
state government, the board of NTPC recently approved a proposal to
take up the work for the first stage of 3x800 Mw project at an estimated
investment of Rs 151 bn. (BS)
4 The management of Thomas Cook has clarified, the UK-based travel
and foreign exchange operator, has no plan to sell stake in its Indian arm.
(BS)
4 GMR Group chairman Grandhi Mallikarjuna Rao exchanged MoU papers
with chief minister N Kiran Kumar Reddy for setting up a 15-million tonne
capacity multi-product refinery and petrochemical complex project at an
investment of Rs 300 bn at Kakinada. (BS)
4 The Bombay High Court dismisses Public Interest Litigation (PIL) against
Reliance Industries Limited in KG-D 6 Case on the ground that the
company has still time to submit its reply to the government. (ET)
4 Fortis Healthcare has completed the $665-million acquisition of
Singapore based Fortis Healthcare International Pte. It is a privately-held
firm owned by its founders, the Singh brothers. In September, Fortis
Healthcare announced that it will buy Fortis Healthcare International, the
global healthcare business arm of the founders, from RHC Financial
Services Mauritius. (ET)
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