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India Equity Research Reports, IPO and Stock News
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News Round-up
` A 50 basis-points cut in the cash reserve ratio (CRR) appears imminent with money
acutely short of liquidity. The RBI is scheduled to meet on March 15, 2012, to review
monetary policy and give some guidance growth and inflation trends fir the coming
year. (FNLE)
` The world's largest steel maker Arcelor Mittal, which had proposed to set up a sixmillion-tonne-per-annum steel plant at an investment of USD 6bn in Karnataka's
Bellary district, has withdrawn application for captive iron ore mining lease citing
poor quality of ore. (BSTD)
` The newly elected Chief Minister of Goa has said his govt. will close down all illegal
iron ore mines in the state, proposed move could further impact the iron ore industry
& drag down mining growth in the country. (ECNT)
` The board of L&T (LT IN) would meet to pass an enabling resolution that will allow
the diversified conglomerate to explore inorganic opportunities for growth. (BSTD)
` The Life Insurance Corporation of India wants to divest its 18.81% stake in MTNL
(MTNL IN) through private placement of shares. (BSTD)
` Mahindra Satyam (SCS IN) has acquired 100% of vCustomer Corporation's
international operation's for USD 27mn. vCustomer is a Washington-based business
process outsourcing (BPO) company. (BSTD)
` HPCL (HPCL IN) resumed oil supplies to Kingfisher Airlines after the beleaguered
airline agreed to pay for daily fuel off-take. (BSTD)
` NSE allows trading in MCX (MCX IN) shares, bows to broker pressure, offers platform
sans listing. (TTOI)
` Dewan Housing Finance's (DEWH IN) private equity fund ArthVeda Fund anagement
is looking to launch a slew of funds to invest in real estate developers who build
affordable homes in non-metro cities and those who build premium homes, and a
sector agnostic fund. (FNLE)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Round-up
` A 50 basis-points cut in the cash reserve ratio (CRR) appears imminent with money
acutely short of liquidity. The RBI is scheduled to meet on March 15, 2012, to review
monetary policy and give some guidance growth and inflation trends fir the coming
year. (FNLE)
` The world's largest steel maker Arcelor Mittal, which had proposed to set up a sixmillion-tonne-per-annum steel plant at an investment of USD 6bn in Karnataka's
Bellary district, has withdrawn application for captive iron ore mining lease citing
poor quality of ore. (BSTD)
` The newly elected Chief Minister of Goa has said his govt. will close down all illegal
iron ore mines in the state, proposed move could further impact the iron ore industry
& drag down mining growth in the country. (ECNT)
` The board of L&T (LT IN) would meet to pass an enabling resolution that will allow
the diversified conglomerate to explore inorganic opportunities for growth. (BSTD)
` The Life Insurance Corporation of India wants to divest its 18.81% stake in MTNL
(MTNL IN) through private placement of shares. (BSTD)
` Mahindra Satyam (SCS IN) has acquired 100% of vCustomer Corporation's
international operation's for USD 27mn. vCustomer is a Washington-based business
process outsourcing (BPO) company. (BSTD)
` HPCL (HPCL IN) resumed oil supplies to Kingfisher Airlines after the beleaguered
airline agreed to pay for daily fuel off-take. (BSTD)
` NSE allows trading in MCX (MCX IN) shares, bows to broker pressure, offers platform
sans listing. (TTOI)
` Dewan Housing Finance's (DEWH IN) private equity fund ArthVeda Fund anagement
is looking to launch a slew of funds to invest in real estate developers who build
affordable homes in non-metro cities and those who build premium homes, and a
sector agnostic fund. (FNLE)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line
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