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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 India's factory output recorded 6.8 per cent growth in January, coming in
well above expectations and consensus estimates. It was led by
manufacturing, which accounts for nearly four-fifths of the index for
industrial production. (BL)
4 Car sales rose 13 percent in February from a year earlier to 211,402
vehicles, the first time Indians have ever bought over 200,000 cars in a
single month, according to the Society of Indian Automobile
Manufacturers. (ET)
4 The flow of money from Indians abroad into bank deposits remained
robust in January 2012 touching $1.5 bn, despite an appreciation in the
rupee value against the US dollar in the month. (BS)
4 The Telecom Commission has approved additional powers for TRAI,
without saying when the regulator will get these powers. (Mint)
Corporate News
4 The Azim Premji Foundation plans to sell up to 35 million shares of Wipro
Ltd to raise funds to scale up its activities. (BL)
4 The country's first compulsory licence has been granted by the Indian
Patent Office to Hyderabad-based drug-maker Natco. (BL)
4 Sesa Goa has committed $2.6 billion for the development and operation
of three Liberian iron ore assets it acquired last year. (BL)
4 Coal India Ltd will pay an interim dividend of Rs 9.50 for each equity
share of face value Rs 10 for the financial year 2011-12. (BL)
4 Wind turbine maker Suzlon Group will introduce a 1.5 MW range
focused on harnessing low-wind sites. (BL)
4 JSW Steel plans to set up a 0.6 million tonne a year electrical steel
manufacturing facility at its existing Vijayanagar plant in Karnataka. The
company has joined hands with JFE Steel of Japan for the technology
know-how. (BL)
4 NMDC, has agreed in-principle to acquire majority stake in Brazilian iron
ore firm, Amplus for $15 mn. (ET)
4 The service tax department has written to the global airlines' body,
International Air Transport Association (IATA), to help recover Rs 690 mn
dues from Jet Airways. (BS)
4 UB Group has decided on Singapore as the destination for a Foreign
Currency Convertible Bonds (FCCBs) issue through which it intends to raise
up to $225 million. (BS)
4 Hindustan Dorr Oliver Limited (HDO) proposes to rope in a foreign
partner to manufacture high-end equipment mainly for nuclear power,
mining and petrochemical sectors. (BS)
4 Punjab National Bank (PNB) plans to undertake capital infusion to the
tune of Rs 24 bn to maintain the financial strength of the bank. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 India's factory output recorded 6.8 per cent growth in January, coming in
well above expectations and consensus estimates. It was led by
manufacturing, which accounts for nearly four-fifths of the index for
industrial production. (BL)
4 Car sales rose 13 percent in February from a year earlier to 211,402
vehicles, the first time Indians have ever bought over 200,000 cars in a
single month, according to the Society of Indian Automobile
Manufacturers. (ET)
4 The flow of money from Indians abroad into bank deposits remained
robust in January 2012 touching $1.5 bn, despite an appreciation in the
rupee value against the US dollar in the month. (BS)
4 The Telecom Commission has approved additional powers for TRAI,
without saying when the regulator will get these powers. (Mint)
Corporate News
4 The Azim Premji Foundation plans to sell up to 35 million shares of Wipro
Ltd to raise funds to scale up its activities. (BL)
4 The country's first compulsory licence has been granted by the Indian
Patent Office to Hyderabad-based drug-maker Natco. (BL)
4 Sesa Goa has committed $2.6 billion for the development and operation
of three Liberian iron ore assets it acquired last year. (BL)
4 Coal India Ltd will pay an interim dividend of Rs 9.50 for each equity
share of face value Rs 10 for the financial year 2011-12. (BL)
4 Wind turbine maker Suzlon Group will introduce a 1.5 MW range
focused on harnessing low-wind sites. (BL)
4 JSW Steel plans to set up a 0.6 million tonne a year electrical steel
manufacturing facility at its existing Vijayanagar plant in Karnataka. The
company has joined hands with JFE Steel of Japan for the technology
know-how. (BL)
4 NMDC, has agreed in-principle to acquire majority stake in Brazilian iron
ore firm, Amplus for $15 mn. (ET)
4 The service tax department has written to the global airlines' body,
International Air Transport Association (IATA), to help recover Rs 690 mn
dues from Jet Airways. (BS)
4 UB Group has decided on Singapore as the destination for a Foreign
Currency Convertible Bonds (FCCBs) issue through which it intends to raise
up to $225 million. (BS)
4 Hindustan Dorr Oliver Limited (HDO) proposes to rope in a foreign
partner to manufacture high-end equipment mainly for nuclear power,
mining and petrochemical sectors. (BS)
4 Punjab National Bank (PNB) plans to undertake capital infusion to the
tune of Rs 24 bn to maintain the financial strength of the bank. (BS)
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