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India Equity Research Reports, IPO and Stock News
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Economy News
4 When a new government takes charge of the country's most populous
state U.P this month, it is expected to face mounting sugarcane arrears
worth Rs 50 bn. (BS)
4 Cargo traffic at government owned 12 major ports has recorded a drop of
0.2 percent in April-January 2012 to 467.1 million tonnes (MT) over the
ten-month period last fiscal primarily due to huge losses of business due to
curb on ore exports. (BL)
4 The government has decided to throw its might behind private purchases
of farm land overseas to ensure food security for India. (ET)
4 The Indian foundry industry, which is looking at doubling annual castings
production to about 20 million tonnes by 2020, has urged the central
government to set up a Technology Up gradation Fund (TUF) with a corpus
of Rs 200 bn to help modernise the sector. (BS)
Corporate News
4 Infosys has entered into a memorandum of understanding with the
Maharashtra Government for developing a 142-acre facility at Nagpur
with a total investment of about Rs 4.5 bn. (BL)
4 Kingfisher Airlines has reiterated that it has no plans to shut down
during a meeting with pilots and appealed to them not to stay away from
flying duties which would potentially affect its operating schedule. (BL)
4 In a first of its kind alliance, three lenders - ICICI, Citi, BoB - have joined
hands to form a non-banking finance company (NBFC) to support
infrastructure development in the country. (BS)
4 Aditya Birla Group in a restructuring mode has reshuffled the top deck
at its lifestyle fashion and food retail businesses and would also scale up
its research and development (R&D) spend to 1% of its annual revenues.
(BS)
4 Power Grid Corporation is likely to get USD 400 million (over Rs 19 bn)
funding from the International Finance Corp for undertaking electricity
transmission projects in the country. (ET)
4 The private equity arm of the world's biggest luxury products group,
LVMH, is negotiating to invest about $150 million ( Rs 7.5 bn) in Raymond
Group for a minority stake. (ET)
4 Novartis India will take a last shot at protecting its patent for anti-cancer
drug Glivec in Supreme Court later this month in a ruling that will have a
significant impact on all innovators, past and present. (ET)
4 The Oil Ministry is likely to refer Reliance Industries demand for an
increase in price of natural gas it produces from eastern offshore KG-D6
fields to the Law Ministry. (ET)
4 ACC will create additional five million tonnes per annum capacity (mtpa),
entailing an estimated investment of around Rs 30 bn. The expansion is
likely to go on stream over the next three years, will take the overall
cement making capacity of the company to 35 million tonnes a year. (FE)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 When a new government takes charge of the country's most populous
state U.P this month, it is expected to face mounting sugarcane arrears
worth Rs 50 bn. (BS)
4 Cargo traffic at government owned 12 major ports has recorded a drop of
0.2 percent in April-January 2012 to 467.1 million tonnes (MT) over the
ten-month period last fiscal primarily due to huge losses of business due to
curb on ore exports. (BL)
4 The government has decided to throw its might behind private purchases
of farm land overseas to ensure food security for India. (ET)
4 The Indian foundry industry, which is looking at doubling annual castings
production to about 20 million tonnes by 2020, has urged the central
government to set up a Technology Up gradation Fund (TUF) with a corpus
of Rs 200 bn to help modernise the sector. (BS)
Corporate News
4 Infosys has entered into a memorandum of understanding with the
Maharashtra Government for developing a 142-acre facility at Nagpur
with a total investment of about Rs 4.5 bn. (BL)
4 Kingfisher Airlines has reiterated that it has no plans to shut down
during a meeting with pilots and appealed to them not to stay away from
flying duties which would potentially affect its operating schedule. (BL)
4 In a first of its kind alliance, three lenders - ICICI, Citi, BoB - have joined
hands to form a non-banking finance company (NBFC) to support
infrastructure development in the country. (BS)
4 Aditya Birla Group in a restructuring mode has reshuffled the top deck
at its lifestyle fashion and food retail businesses and would also scale up
its research and development (R&D) spend to 1% of its annual revenues.
(BS)
4 Power Grid Corporation is likely to get USD 400 million (over Rs 19 bn)
funding from the International Finance Corp for undertaking electricity
transmission projects in the country. (ET)
4 The private equity arm of the world's biggest luxury products group,
LVMH, is negotiating to invest about $150 million ( Rs 7.5 bn) in Raymond
Group for a minority stake. (ET)
4 Novartis India will take a last shot at protecting its patent for anti-cancer
drug Glivec in Supreme Court later this month in a ruling that will have a
significant impact on all innovators, past and present. (ET)
4 The Oil Ministry is likely to refer Reliance Industries demand for an
increase in price of natural gas it produces from eastern offshore KG-D6
fields to the Law Ministry. (ET)
4 ACC will create additional five million tonnes per annum capacity (mtpa),
entailing an estimated investment of around Rs 30 bn. The expansion is
likely to go on stream over the next three years, will take the overall
cement making capacity of the company to 35 million tonnes a year. (FE)
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