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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 will issue an order today for rolling back the cotton
export ban that it had imposed on March 5. (BL)
4 The World Bank has approved a $50-million additional credit for an
ongoing agricultural project in Assam. (BL)
4 New financial payments services such as mobile wallets and e-wallets
could be completely opened to foreign investors but with stiff riders to
safeguard stability of country's financial markets. (ET)
4 In a move that could set the tone for future pharma patent battles, India's
intellectual property rights watchdog may decide tomorrow the fate of
the country's first compulsory licence (CL) application. (BS)
4 Software body Nasscom has urged the government to withdraw the
Minimum Alternative Tax (MAT) on SEZ units and provide clarity in
transfer pricing norms to help create a conducive environment for the
growth of over $70 billion Indian IT-BPO sector. (BS)
4 The Union budget may announce a provision of Rs. 90 bn for the National
Electricity Fund (NEF), which will subsidize the interest on loans taken by
state electricity boards (SEBs) to cut distribution losses. (Mint)
4 Foreign direct investment (FDI) in India went up by 31 percent to USD 27.5
billion last year, notwithstanding uncertain economic environment
globally. (FE)
Corporate News
4 State Bank of India may go in for a follow-on-public-offer (FPO) next
fiscal to fund its business. (BL)
4 Tata Steel has started preparation to begin underground chromite
mining at its leasehold area in Sukinda valley in Jaipur district. (BS)
4 The Competition Commission of India (CCI) has again found realty major
DLF guilty of abusing its dominant market position in housing project. (BS)
4 Larsen and Toubro (L&T), which plans to focus on strengthening its
engineering and construction segment after the change of guard at the
top-rung over the weekend, expects to bag 200 mw of solar projects in
the next fiscal. (BS)
4 Uttarakhand Jal Vidyut Nigam (UJVN) will invest Rs 25 bn to set up two
gas-based power plants in a joint venture with Gail. (BS)
4 Hero MotoCorp is building in-house capabilities to make its own engines
by teaming up with the world's largest privately-owned engine developer,
AVL of Austria. (ET)
4 The Registrar of Companies (RoC) is believed to have sought clarifications
from the auditors of Unitech Ltd, following a technical scrutiny of the
realty firm's balance sheet for the financial year 2008-09.(BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The Government will issue an order today for rolling back the cotton
export ban that it had imposed on March 5. (BL)
4 The World Bank has approved a $50-million additional credit for an
ongoing agricultural project in Assam. (BL)
4 New financial payments services such as mobile wallets and e-wallets
could be completely opened to foreign investors but with stiff riders to
safeguard stability of country's financial markets. (ET)
4 In a move that could set the tone for future pharma patent battles, India's
intellectual property rights watchdog may decide tomorrow the fate of
the country's first compulsory licence (CL) application. (BS)
4 Software body Nasscom has urged the government to withdraw the
Minimum Alternative Tax (MAT) on SEZ units and provide clarity in
transfer pricing norms to help create a conducive environment for the
growth of over $70 billion Indian IT-BPO sector. (BS)
4 The Union budget may announce a provision of Rs. 90 bn for the National
Electricity Fund (NEF), which will subsidize the interest on loans taken by
state electricity boards (SEBs) to cut distribution losses. (Mint)
4 Foreign direct investment (FDI) in India went up by 31 percent to USD 27.5
billion last year, notwithstanding uncertain economic environment
globally. (FE)
Corporate News
4 State Bank of India may go in for a follow-on-public-offer (FPO) next
fiscal to fund its business. (BL)
4 Tata Steel has started preparation to begin underground chromite
mining at its leasehold area in Sukinda valley in Jaipur district. (BS)
4 The Competition Commission of India (CCI) has again found realty major
DLF guilty of abusing its dominant market position in housing project. (BS)
4 Larsen and Toubro (L&T), which plans to focus on strengthening its
engineering and construction segment after the change of guard at the
top-rung over the weekend, expects to bag 200 mw of solar projects in
the next fiscal. (BS)
4 Uttarakhand Jal Vidyut Nigam (UJVN) will invest Rs 25 bn to set up two
gas-based power plants in a joint venture with Gail. (BS)
4 Hero MotoCorp is building in-house capabilities to make its own engines
by teaming up with the world's largest privately-owned engine developer,
AVL of Austria. (ET)
4 The Registrar of Companies (RoC) is believed to have sought clarifications
from the auditors of Unitech Ltd, following a technical scrutiny of the
realty firm's balance sheet for the financial year 2008-09.(BS)
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