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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The government has said that it would achieve the target of awarding
7,300 km of road projects by the end of the current financial year (ET).
4 Calls for a cut in the cash reserve ratio (CRR) to boost liquidity are gaining
momentum as cash payments during state elections, intervention to
stabilize the rupee and slowing loan repayments by companies drain
money out of banks (ET).
Corporate News
4 NTPC plans to award Rs.22 bn equipment orders in the next 45 days after
it won a legal battle in the Supreme Court against Ansaldo Caldaie India
(ET).
4 The Reserve Bank of India has approved Reliance Communications, to
refinance its overseas convertible bonds via a $1.18-billion loan from a
consortium of Chinese banks, including the Industrial and Commercial
Bank of China, China Development Bank Corporation and Export Import
Bank of China (ET).
4 Wyeth Pharmaceuticals is seeking $960 million in damages from India Sun
Pharmaceutical Industries for alleged patent infringement in launching
a generic version of acid reflux drug Protonix in the US market (ET).
4 The GMR Infrastructure-led Delhi International Airport (DIAL) may have
to wait longer for new user charges to take effect, after the government
sought additional time to submit its views to the airport regulator. (ET)
4 India Gas Solutions, the new joint venture company of Reliance
Industries (RIL) and BP has held initial talks to pick up a stake in an
existing operator of a liquefied natural gas (LNG) import terminal. (ET)
4 The Oil and Natural Gas Corporation Ltd (ONGC) is seeking to
expedite work on a major oil and gas project in the Krishna Godavari basin
by taking up works simultaneously with regard to exploration,
development and seeking approvals from the Government. (BL)
4 Kingfisher Airlines quarterly loss widened Q3FY12 on higher fuel prices
and lower revenues, amid reiteration by auditors whether it could be
considered a going concern. Net loss increased at Rs4.4bn in the December
quarter via-a-vis Rs2.5 bn last year. (BL)
4 Infosys has said that in maximum a week's time they will have to apply
for special economic zone (SEZ) status due to the sunset clause on the
policy in West Bengal (BS).
4 Adhunik Metaliks is in advanced talks to sell its unlisted forging
subsidiary to automobile component-maker Amtek Auto for Rs2.3 bn. The
subsidiary, Neepaz V Forge, manufactures forged products for automobile
players such as Tata Motors, Ashok Leyland and Mahindra & Mahindra.
(ET).
4 Essar Oil has said that it had filed a petition in the Supreme Court
seeking a review of its decision to set aside a Gujarat High Court
judgment permitting the company to avail of a sales tax deferral benefit
from the state government (BS).
4 Tata Power has said that it had commissioned a 25-MW solar
photovoltaic power project at Mithapur in Gujarat. Developed at a cost of
about Rs 3.6 bn, the project is spread over 100 acres. The company has a
power purchase agreement with Gujarat Urja Vikas Nigam Ltd (BL)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The government has said that it would achieve the target of awarding
7,300 km of road projects by the end of the current financial year (ET).
4 Calls for a cut in the cash reserve ratio (CRR) to boost liquidity are gaining
momentum as cash payments during state elections, intervention to
stabilize the rupee and slowing loan repayments by companies drain
money out of banks (ET).
Corporate News
4 NTPC plans to award Rs.22 bn equipment orders in the next 45 days after
it won a legal battle in the Supreme Court against Ansaldo Caldaie India
(ET).
4 The Reserve Bank of India has approved Reliance Communications, to
refinance its overseas convertible bonds via a $1.18-billion loan from a
consortium of Chinese banks, including the Industrial and Commercial
Bank of China, China Development Bank Corporation and Export Import
Bank of China (ET).
4 Wyeth Pharmaceuticals is seeking $960 million in damages from India Sun
Pharmaceutical Industries for alleged patent infringement in launching
a generic version of acid reflux drug Protonix in the US market (ET).
4 The GMR Infrastructure-led Delhi International Airport (DIAL) may have
to wait longer for new user charges to take effect, after the government
sought additional time to submit its views to the airport regulator. (ET)
4 India Gas Solutions, the new joint venture company of Reliance
Industries (RIL) and BP has held initial talks to pick up a stake in an
existing operator of a liquefied natural gas (LNG) import terminal. (ET)
4 The Oil and Natural Gas Corporation Ltd (ONGC) is seeking to
expedite work on a major oil and gas project in the Krishna Godavari basin
by taking up works simultaneously with regard to exploration,
development and seeking approvals from the Government. (BL)
4 Kingfisher Airlines quarterly loss widened Q3FY12 on higher fuel prices
and lower revenues, amid reiteration by auditors whether it could be
considered a going concern. Net loss increased at Rs4.4bn in the December
quarter via-a-vis Rs2.5 bn last year. (BL)
4 Infosys has said that in maximum a week's time they will have to apply
for special economic zone (SEZ) status due to the sunset clause on the
policy in West Bengal (BS).
4 Adhunik Metaliks is in advanced talks to sell its unlisted forging
subsidiary to automobile component-maker Amtek Auto for Rs2.3 bn. The
subsidiary, Neepaz V Forge, manufactures forged products for automobile
players such as Tata Motors, Ashok Leyland and Mahindra & Mahindra.
(ET).
4 Essar Oil has said that it had filed a petition in the Supreme Court
seeking a review of its decision to set aside a Gujarat High Court
judgment permitting the company to avail of a sales tax deferral benefit
from the state government (BS).
4 Tata Power has said that it had commissioned a 25-MW solar
photovoltaic power project at Mithapur in Gujarat. Developed at a cost of
about Rs 3.6 bn, the project is spread over 100 acres. The company has a
power purchase agreement with Gujarat Urja Vikas Nigam Ltd (BL)
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