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India Equity Research Reports, IPO and Stock News
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Economy News
4 The government may fall short of the revised target for direct tax
collection of Rs5.8 trillion for 2011-12 fiscal by at least Rs500 bn going by
the latest data on advance tax payments (ET).
4 The subsidy payments of about Rs111 bn for imported urea and
phosphatic and potassic fertilisers are pending due to shortfall in budget
provisions (ET).
4 Food Minister has ruled out clearance of Food Security Bill in the ongoing
Budget session of Parliament stating that consultations are still on to sort
out problems raised by states (BS).
4 The government could raise only Rs55 bn through Securities Transaction
Tax (STT) so far for current fiscal. This is 20% lower than a year-ago (ET).
Corporate News
4 L&T Construction has bagged orders worth Rs 11.4 bn, including
construction of a large IT campus facility in Kolkata. The Kolkata project is
estimated at Rs 9.7 bn and would be executed with a joint venture with
Shapoorji & Pallonji Company Ltd within 32 months (BS).
4 Ashok Leyland in JV with Nissan is readying an entry into the sub-onetonne mini truck market (ET).
4 Infosys has said that it is expecting an increase in pricing in the consulting
and systems integration business. Company has said that its engagement
in verticals such as retail and life sciences is bringing in higher margins (BL).
4 Mahindra & Mahindra has committed. Rs 17.8 bn in its South Korean
arm Ssangyong Motor Company just as it completes one year of
Ssangyong ownership.Under its ownership,Ssangyong has posted a growth
of nearly 40% in 2011 (ET).
4 Eyeing the $24-billion US healthcare market, Wipro Technologies has
launched its NextGen Care Management solution. This solution is aimed at
primary care physicians and healthcare providers and is tailored for the US
healthcare market (BL).
4 The International Air Transport Association (IATA), the apex body for the
global airline industry, has initiated discussions with Kingfisher Airlines
on the terms on which the carrier can settle its dues (BL).
4 NMDC Limited is set to acquire Wonarah rock phosphate reserves of
Minemakers Limited for about $15 million. NMDC will complete the
acquisition of the rock phosphate asset in Australia by the end of next
month (BS).
4 SKS Microfinance Ltd has received sanction for two 'rated pool
assignment' transactions worth Rs 1 bn each, from two different banks,
totalling Rs 2 bn. This would facilitate company raising capital for fresh
lending (BL)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The government may fall short of the revised target for direct tax
collection of Rs5.8 trillion for 2011-12 fiscal by at least Rs500 bn going by
the latest data on advance tax payments (ET).
4 The subsidy payments of about Rs111 bn for imported urea and
phosphatic and potassic fertilisers are pending due to shortfall in budget
provisions (ET).
4 Food Minister has ruled out clearance of Food Security Bill in the ongoing
Budget session of Parliament stating that consultations are still on to sort
out problems raised by states (BS).
4 The government could raise only Rs55 bn through Securities Transaction
Tax (STT) so far for current fiscal. This is 20% lower than a year-ago (ET).
Corporate News
4 L&T Construction has bagged orders worth Rs 11.4 bn, including
construction of a large IT campus facility in Kolkata. The Kolkata project is
estimated at Rs 9.7 bn and would be executed with a joint venture with
Shapoorji & Pallonji Company Ltd within 32 months (BS).
4 Ashok Leyland in JV with Nissan is readying an entry into the sub-onetonne mini truck market (ET).
4 Infosys has said that it is expecting an increase in pricing in the consulting
and systems integration business. Company has said that its engagement
in verticals such as retail and life sciences is bringing in higher margins (BL).
4 Mahindra & Mahindra has committed. Rs 17.8 bn in its South Korean
arm Ssangyong Motor Company just as it completes one year of
Ssangyong ownership.Under its ownership,Ssangyong has posted a growth
of nearly 40% in 2011 (ET).
4 Eyeing the $24-billion US healthcare market, Wipro Technologies has
launched its NextGen Care Management solution. This solution is aimed at
primary care physicians and healthcare providers and is tailored for the US
healthcare market (BL).
4 The International Air Transport Association (IATA), the apex body for the
global airline industry, has initiated discussions with Kingfisher Airlines
on the terms on which the carrier can settle its dues (BL).
4 NMDC Limited is set to acquire Wonarah rock phosphate reserves of
Minemakers Limited for about $15 million. NMDC will complete the
acquisition of the rock phosphate asset in Australia by the end of next
month (BS).
4 SKS Microfinance Ltd has received sanction for two 'rated pool
assignment' transactions worth Rs 1 bn each, from two different banks,
totalling Rs 2 bn. This would facilitate company raising capital for fresh
lending (BL)
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