Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 Reversing a declining trend during the past few months, India's exports
registered a 10.1 per cent growth in January at $25.34 billion with the
demand from the Western markets remaining weak.(BL).
4 The cabinet has allowed cash-rich state-run companies to buy back their
shares and bid for shares of other public sector companies auctioned by
the government, opening multiple windows for government to revive its
tottering disinvestment programme. (ET)
4 The government has decided to bring down the quantum of subsidy on
decontrolled fertilisers phosphatic (P) and potassic (K) for the 2012-13
fiscal (ET).
4 The government has approved three highway projects in Rajasthan,Tamil
Nadu and Orissa that entail an investment of Rs.34.12 bn, under its
flagship road building programme NHDP (ET).
Corporate News
4 GOI has raised Rs 126 bn (which comes to 98.3% subscription) from
auction of its 5 per cent stake in ONGC. The final demand was for 420.4
mn shares against an offer of 427.7 mn shares. The proceeds from the
ONGC may come as relief to the government which is exploring different
options to meet its Rs 400 bn disinvestment target for the fiscal (BL).
4 Allcargo Global will demerge two of its business divisions as part of a
corporate restructuring plan and will acquire two new vessels for its
coastal shipping division as the company looks to tap potential in fast
growing Indian logistics sector (ET).
4 The Aadhaar number repository and its IT infrastructure will be run by
HCL Infosystems. It has won a Rs 22 bn contract from the Unique ID
Authority of India (ET)
4 Suzlon Energy has said that its wholly-owned subsidiary REpower
Systems SE has arranged syndicated loan worth euro 750 million from a
consortium of European banks (BS).
4 Sterlite Industries has offered Rs160 bn to buy out government's stake
in Hindustan Zinc and Balco. (ET)
4 Development Credit Bank (DCB) plans to raise more than Rs1.5 bn in a
twin sale of shares to select institutions through the qualified institutional
placement route and via a preferential share sale to select funds (BL).
4 The aviation ministry has recommended a higher return on equity (RoE)
than the sector regulator for the GMR Infrastructure led consortium that
runs Delhi's international airport. This could help the loss-making private
developer shore up revenues faster. The ministry has recommended 18-20
% return on equity (ET).
4 Tata Communications Ltd. became the second company to express
interest in buying Cable & Wireless Worldwide PLC, saying it is evaluating
a possible cash offer for the British fiber-optic network operator (Wall
street Journal)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 Reversing a declining trend during the past few months, India's exports
registered a 10.1 per cent growth in January at $25.34 billion with the
demand from the Western markets remaining weak.(BL).
4 The cabinet has allowed cash-rich state-run companies to buy back their
shares and bid for shares of other public sector companies auctioned by
the government, opening multiple windows for government to revive its
tottering disinvestment programme. (ET)
4 The government has decided to bring down the quantum of subsidy on
decontrolled fertilisers phosphatic (P) and potassic (K) for the 2012-13
fiscal (ET).
4 The government has approved three highway projects in Rajasthan,Tamil
Nadu and Orissa that entail an investment of Rs.34.12 bn, under its
flagship road building programme NHDP (ET).
Corporate News
4 GOI has raised Rs 126 bn (which comes to 98.3% subscription) from
auction of its 5 per cent stake in ONGC. The final demand was for 420.4
mn shares against an offer of 427.7 mn shares. The proceeds from the
ONGC may come as relief to the government which is exploring different
options to meet its Rs 400 bn disinvestment target for the fiscal (BL).
4 Allcargo Global will demerge two of its business divisions as part of a
corporate restructuring plan and will acquire two new vessels for its
coastal shipping division as the company looks to tap potential in fast
growing Indian logistics sector (ET).
4 The Aadhaar number repository and its IT infrastructure will be run by
HCL Infosystems. It has won a Rs 22 bn contract from the Unique ID
Authority of India (ET)
4 Suzlon Energy has said that its wholly-owned subsidiary REpower
Systems SE has arranged syndicated loan worth euro 750 million from a
consortium of European banks (BS).
4 Sterlite Industries has offered Rs160 bn to buy out government's stake
in Hindustan Zinc and Balco. (ET)
4 Development Credit Bank (DCB) plans to raise more than Rs1.5 bn in a
twin sale of shares to select institutions through the qualified institutional
placement route and via a preferential share sale to select funds (BL).
4 The aviation ministry has recommended a higher return on equity (RoE)
than the sector regulator for the GMR Infrastructure led consortium that
runs Delhi's international airport. This could help the loss-making private
developer shore up revenues faster. The ministry has recommended 18-20
% return on equity (ET).
4 Tata Communications Ltd. became the second company to express
interest in buying Cable & Wireless Worldwide PLC, saying it is evaluating
a possible cash offer for the British fiber-optic network operator (Wall
street Journal)
No comments:
Post a Comment