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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The finance ministry may levy excise duty on some of the exempted goods
in the Budget, to meet the objectives of moving towards Goods and
Services Tax (GST) and bringing more items under the tax net to increase
revenues. (BS).
4 India is likely to push for the restoration of generalized system of
preference (GSP) with the US during the upcoming visit of the US
Commerce Secretary next month (BS).
Corporate News
4 Raymond's auto components arm, Ring Plus Aqua has acquired Punebased Trinity India for Rs540mn. The deal marks Ring Plus Aqua's entry
into the forging industry. (ET)
4 US health regulator the United States Food and Drug Administration
(USFDA) has said it will import cancer drug Lipodox from India's Sun
Pharma to meet the shortage of another similar medicine Doxil (BS).
4 TRF has entered into an exclusive agreement with Germany’s Schade
Lagertechnik GmbH to manufacture and market the latters yard
equipment in India. Schade will provide TRF the necessary know-how and
key components for making higher capacity yard equipment like stackers,
portal scraper reclaimers, circular storage systems and wagon tipplers.
(ET)
4 Bajaj Auto Ltd has changed plan on utilising the plot of land it had
acquired at Chakan, near Pune, for the manufacture of 4-wheelers and
has now approached the Maharashtra Industrial Development
Corporation (MIDC) with a revised plan to make two- and three-wheelers
there instead (BL).
4 The Income-Tax Department has sought Rs2.4 bn in dues from Sesa Goa
and the company said it was mulling legal recourse against the demand
(ET).
4 Kingfisher Airlines has indicated the Directorate General of Civil
Aviation (DGCA) that it plans to induct another 16 aircraft within a week
thereby taking its operational fleet strength to 44 (BL).
4 Coal India Ltd (CIL) has said that it will seek offtake commitments from
power utilities before importing. Company has been directed by the
Prime Minister's Office (BS).
4 Lupin said it has reached a patent litigation settlement agreement with
US-based firms Santarus and Depomed involving diabetes drug Glumetza.
The development, subject to review by US authorities, could help the
company launch its generic version of the drug by 2016 (ET).
4 Amara Raja Batteries Limited is planning to set up a greenfield project
and has earmarked Rs 1.9 bn for the first phase (BS).
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The finance ministry may levy excise duty on some of the exempted goods
in the Budget, to meet the objectives of moving towards Goods and
Services Tax (GST) and bringing more items under the tax net to increase
revenues. (BS).
4 India is likely to push for the restoration of generalized system of
preference (GSP) with the US during the upcoming visit of the US
Commerce Secretary next month (BS).
Corporate News
4 Raymond's auto components arm, Ring Plus Aqua has acquired Punebased Trinity India for Rs540mn. The deal marks Ring Plus Aqua's entry
into the forging industry. (ET)
4 US health regulator the United States Food and Drug Administration
(USFDA) has said it will import cancer drug Lipodox from India's Sun
Pharma to meet the shortage of another similar medicine Doxil (BS).
4 TRF has entered into an exclusive agreement with Germany’s Schade
Lagertechnik GmbH to manufacture and market the latters yard
equipment in India. Schade will provide TRF the necessary know-how and
key components for making higher capacity yard equipment like stackers,
portal scraper reclaimers, circular storage systems and wagon tipplers.
(ET)
4 Bajaj Auto Ltd has changed plan on utilising the plot of land it had
acquired at Chakan, near Pune, for the manufacture of 4-wheelers and
has now approached the Maharashtra Industrial Development
Corporation (MIDC) with a revised plan to make two- and three-wheelers
there instead (BL).
4 The Income-Tax Department has sought Rs2.4 bn in dues from Sesa Goa
and the company said it was mulling legal recourse against the demand
(ET).
4 Kingfisher Airlines has indicated the Directorate General of Civil
Aviation (DGCA) that it plans to induct another 16 aircraft within a week
thereby taking its operational fleet strength to 44 (BL).
4 Coal India Ltd (CIL) has said that it will seek offtake commitments from
power utilities before importing. Company has been directed by the
Prime Minister's Office (BS).
4 Lupin said it has reached a patent litigation settlement agreement with
US-based firms Santarus and Depomed involving diabetes drug Glumetza.
The development, subject to review by US authorities, could help the
company launch its generic version of the drug by 2016 (ET).
4 Amara Raja Batteries Limited is planning to set up a greenfield project
and has earmarked Rs 1.9 bn for the first phase (BS).
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