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India Equity Research Reports, IPO and Stock News
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News Round-up
` SBI (SBIN IN) said would explore the possibility of raising capital through a public offer
or from institutional investors next financial year even as it is getting USD 1.58bn
support from the government by end of this month. (BSTD-Mon)
` Hero MotoCorp (HMCL IN) 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. (ECNT)
` M&M (MM IN) said it would suspend production of tractors for up to two days a
week for the remaining part of March. It intends to bring down inventory, which has
increased in recent months as a result of slowing demand. (BSTD-Sat)
` L&T (LT IN), 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 financial year. (BSTD-Mon)
` The Competition Commission of India (CCI) has again found DLF (DLFU IN) guilty of
abusing its dominant market position in housing project. (BSTD-Mon)
` Power Grid Corp (PWGR IN) bags 2 transmission projects worth USD 571.43mn.
(ECNT)
` Kingfisher (KAIR IN) is likely to further scale down its international operations. It is
planning to drop two of its daily flights to Hong Kong & Heathrow. (ECNT-Sat)
` Tata Power (TPWR IN) has commissioned the first unit of Mundra ultra mega power
project, heralding the use of 800 mw super critical boiler tech in India. (ECNT-Sat)
` Reliance Capital (RCAPT IN) increased its stake in group firm Reliance Comm. (RCOM
IN) by picking additional shares worth USD 43.06mn from another promoter group
co. (ECNT-Sat)
` Apollo Tyres (APTY IN) plans to invest around USD 500mn to set up two new facilities
in East Europe and Brazil in the next three-four years, as it aims to expand global
footprint. (BSTD-Mon)
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
` SBI (SBIN IN) said would explore the possibility of raising capital through a public offer
or from institutional investors next financial year even as it is getting USD 1.58bn
support from the government by end of this month. (BSTD-Mon)
` Hero MotoCorp (HMCL IN) 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. (ECNT)
` M&M (MM IN) said it would suspend production of tractors for up to two days a
week for the remaining part of March. It intends to bring down inventory, which has
increased in recent months as a result of slowing demand. (BSTD-Sat)
` L&T (LT IN), 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 financial year. (BSTD-Mon)
` The Competition Commission of India (CCI) has again found DLF (DLFU IN) guilty of
abusing its dominant market position in housing project. (BSTD-Mon)
` Power Grid Corp (PWGR IN) bags 2 transmission projects worth USD 571.43mn.
(ECNT)
` Kingfisher (KAIR IN) is likely to further scale down its international operations. It is
planning to drop two of its daily flights to Hong Kong & Heathrow. (ECNT-Sat)
` Tata Power (TPWR IN) has commissioned the first unit of Mundra ultra mega power
project, heralding the use of 800 mw super critical boiler tech in India. (ECNT-Sat)
` Reliance Capital (RCAPT IN) increased its stake in group firm Reliance Comm. (RCOM
IN) by picking additional shares worth USD 43.06mn from another promoter group
co. (ECNT-Sat)
` Apollo Tyres (APTY IN) plans to invest around USD 500mn to set up two new facilities
in East Europe and Brazil in the next three-four years, as it aims to expand global
footprint. (BSTD-Mon)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
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