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India Equity Research Reports, IPO and Stock News
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Economy News
The Telecom Dispute Settlement Appellate Tribunal has upheld the
Department of Telecom's (DoT) power to impose penalty on operators
for not duly completing the formalities of customer verification for
security purposes. (BL)
The financial and non-financial services sector had attracted FDI worth
$4.83 billion during the 10-months period of 2011-12 as compared to
$2.98 billion in the same period of previous year, according to official
data. (BL)
Centre for Monitoring Indian Economy (CMIE) has said that it maintains
its GDP growth forecast for FY13 at 7.6 per cent, against the estimated
6.8 per cent in FY12. (BS)
World Bank has informally told India that its rapidly-growing economy
may soon make it ineligible for soft loans, prompting the government to
lobby for concessional lending for a few more years. (ET)
Concerned over India's declining market share in global shipbuilding that
currently stands at a meagre 0.01%, the Shipping Ministry has sought
immediate policy measures including revival of subsidy scheme for
shipbuilders. (BS)
Corporate News
UK-based hedge fund TCI would initiate a legal action against Coal India
Ltd (CIL) within a week for failing to protect the interest of minority
shareholders. (BL)
Apollo Hospitals Group will invest Rs 15 bn on increasing the number of
its beds to nearly 11,500 by March 2014 from existing 9,000 beds. (BL)
National Aluminium Company Ltd (Nalco) is looking to set up a new
aluminium smelting facility with a capacity of 5 lakh tonnes and 1,250-
MW captive power plant in Odisha's Sundargarh district at an investment
of Rs 180 bn. (BL)
Germany's Henkel AG is planning to consolidate its operations in India
with an eye to achieve a turnover of Rs 15 bn in the next five years. (BL)
The Ajay Piramal Group is set to buy a European drug firm that will
expand the group's ability to conduct basic pharmaceutical research, a
weakness that has long hobbled Indian pharma companies. (ET)
Tata Steel plans to invest up to 800 million pounds ($1.3 billion) in its
facilities in Wales over the next five years. (ET)
Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort
Capital and Shri Lal Mahal are in the race among others to acquire
Parsvnath Developers' 1.18 acre of prime commercial land near
Connaught Place in the National Capital. (BS)
After three rounds of price hike, state-owned oil companies have
announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre
(kl) to Rs 67,631 which would benefit Jet Airways, Spicejet and
Kingfisher. (ET)
Maruti Suzuki may increase its marketing budget by 5-10 per cent this
fiscal. It had spent around Rs 3570 mn on brand promotion activities last
fiscal. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
The Telecom Dispute Settlement Appellate Tribunal has upheld the
Department of Telecom's (DoT) power to impose penalty on operators
for not duly completing the formalities of customer verification for
security purposes. (BL)
The financial and non-financial services sector had attracted FDI worth
$4.83 billion during the 10-months period of 2011-12 as compared to
$2.98 billion in the same period of previous year, according to official
data. (BL)
Centre for Monitoring Indian Economy (CMIE) has said that it maintains
its GDP growth forecast for FY13 at 7.6 per cent, against the estimated
6.8 per cent in FY12. (BS)
World Bank has informally told India that its rapidly-growing economy
may soon make it ineligible for soft loans, prompting the government to
lobby for concessional lending for a few more years. (ET)
Concerned over India's declining market share in global shipbuilding that
currently stands at a meagre 0.01%, the Shipping Ministry has sought
immediate policy measures including revival of subsidy scheme for
shipbuilders. (BS)
Corporate News
UK-based hedge fund TCI would initiate a legal action against Coal India
Ltd (CIL) within a week for failing to protect the interest of minority
shareholders. (BL)
Apollo Hospitals Group will invest Rs 15 bn on increasing the number of
its beds to nearly 11,500 by March 2014 from existing 9,000 beds. (BL)
National Aluminium Company Ltd (Nalco) is looking to set up a new
aluminium smelting facility with a capacity of 5 lakh tonnes and 1,250-
MW captive power plant in Odisha's Sundargarh district at an investment
of Rs 180 bn. (BL)
Germany's Henkel AG is planning to consolidate its operations in India
with an eye to achieve a turnover of Rs 15 bn in the next five years. (BL)
The Ajay Piramal Group is set to buy a European drug firm that will
expand the group's ability to conduct basic pharmaceutical research, a
weakness that has long hobbled Indian pharma companies. (ET)
Tata Steel plans to invest up to 800 million pounds ($1.3 billion) in its
facilities in Wales over the next five years. (ET)
Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort
Capital and Shri Lal Mahal are in the race among others to acquire
Parsvnath Developers' 1.18 acre of prime commercial land near
Connaught Place in the National Capital. (BS)
After three rounds of price hike, state-owned oil companies have
announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre
(kl) to Rs 67,631 which would benefit Jet Airways, Spicejet and
Kingfisher. (ET)
Maruti Suzuki may increase its marketing budget by 5-10 per cent this
fiscal. It had spent around Rs 3570 mn on brand promotion activities last
fiscal. (ET)
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