Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
The Reserve Bank of India (RBI) cut interest rates today for the first time
in three years by an unexpectedly sharp 50 basis points to give a boost to
flagging economic growth but warned that there is limited scope for
further rate cuts (BS)
As many as 181 companies from the private sector will need to offload
shares worth about Rs 270 bn to meet the minimum public holding norms
for listed firms, market regulator Sebi's chief Mr U K Sinha said. (BL)
The International Monetary Fund (IMF) has pegged growth in India's gross
domestic product (GDP) for 2012 at 6.9 per cent, scaling down the
forecast by 0.1 percentage points, compared to its projection in January.
It attributed the moderating growth outlook to policy uncertainty, supply
bottlenecks, high interest rates and low external demand. (BS)
Corporate News
State-run fuel retailers have threatened to raise gasoline prices sharply if
the government does not compensate them for revenue losses on retail
sales, Indian Oil Corp said. (BS)
Godrej Properties Ltd, a Mumbai-based real estate developer has
announced that it has entered into an agreement to develop a luxury
residential project in Alipore, Kolkata. The project is spread across
approximately 1.36 acres and is expected to be launched in Jan 2013.
(BSE)
The Comptroller & Auditor General (CAG) has rapped the Maharashtra
government for total lack of transparency in the selection of the Lavasa
hill station project in Pune district. The project, which has recently
received environment clearance with certain conditions by the ministry of
environment and forests, is being developed by Lavasa Corporation, an
arm of Hindustan Construction Company. (BS)
Miffed at the Coal India (CIL) board's recent decision to set a low penalty
level under the fuel supply agreements (FSAs) with power plants, private
power producers are planning to again approach the Prime Minister's
Office (PMO). (BS)
Norges Bank (Central Bank of Norway) has announced that it has reduced
its holding in IVRCL further from 4.47 per cent to 4.38 per cent by sale of
shares in the open market. (BL)
Viceroy Hotels Ltd has decided to sell its Chennai hotel project. It has
signed an agreement with the Chennai-based Mahal Hotels to sell the
project in MRC Nagar. This hotel was to be managed by global chain JW
Marriott. (BL)
Maruti Suzuki, India's largest car maker, is venturing into newer
segments to grab incremental numbers against its much nimbler but
smaller rivals in a fast changing market place. The company now targets
50% market share in the next few years by introducing vehicles in new
segments and maintain its strangle hold over compact cars, which form
over 60% of the Indian market. (ET)
Capital market regulator Securities and Exchange Board of India (Sebi) is
investigating the possibility of insider trading in shares of Indraprastha
Gas Ltd (IGL) and other gas transportation companies, two officials with
direct knowledge of the matter said. The investigation is related to a
sharp fall in the stocks of gas transportation companies on 10 April
following a decision by the sector regulator the previous evening to
reduce the charge levied by IGL for transportation and compression.
(Mint)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
The Reserve Bank of India (RBI) cut interest rates today for the first time
in three years by an unexpectedly sharp 50 basis points to give a boost to
flagging economic growth but warned that there is limited scope for
further rate cuts (BS)
As many as 181 companies from the private sector will need to offload
shares worth about Rs 270 bn to meet the minimum public holding norms
for listed firms, market regulator Sebi's chief Mr U K Sinha said. (BL)
The International Monetary Fund (IMF) has pegged growth in India's gross
domestic product (GDP) for 2012 at 6.9 per cent, scaling down the
forecast by 0.1 percentage points, compared to its projection in January.
It attributed the moderating growth outlook to policy uncertainty, supply
bottlenecks, high interest rates and low external demand. (BS)
Corporate News
State-run fuel retailers have threatened to raise gasoline prices sharply if
the government does not compensate them for revenue losses on retail
sales, Indian Oil Corp said. (BS)
Godrej Properties Ltd, a Mumbai-based real estate developer has
announced that it has entered into an agreement to develop a luxury
residential project in Alipore, Kolkata. The project is spread across
approximately 1.36 acres and is expected to be launched in Jan 2013.
(BSE)
The Comptroller & Auditor General (CAG) has rapped the Maharashtra
government for total lack of transparency in the selection of the Lavasa
hill station project in Pune district. The project, which has recently
received environment clearance with certain conditions by the ministry of
environment and forests, is being developed by Lavasa Corporation, an
arm of Hindustan Construction Company. (BS)
Miffed at the Coal India (CIL) board's recent decision to set a low penalty
level under the fuel supply agreements (FSAs) with power plants, private
power producers are planning to again approach the Prime Minister's
Office (PMO). (BS)
Norges Bank (Central Bank of Norway) has announced that it has reduced
its holding in IVRCL further from 4.47 per cent to 4.38 per cent by sale of
shares in the open market. (BL)
Viceroy Hotels Ltd has decided to sell its Chennai hotel project. It has
signed an agreement with the Chennai-based Mahal Hotels to sell the
project in MRC Nagar. This hotel was to be managed by global chain JW
Marriott. (BL)
Maruti Suzuki, India's largest car maker, is venturing into newer
segments to grab incremental numbers against its much nimbler but
smaller rivals in a fast changing market place. The company now targets
50% market share in the next few years by introducing vehicles in new
segments and maintain its strangle hold over compact cars, which form
over 60% of the Indian market. (ET)
Capital market regulator Securities and Exchange Board of India (Sebi) is
investigating the possibility of insider trading in shares of Indraprastha
Gas Ltd (IGL) and other gas transportation companies, two officials with
direct knowledge of the matter said. The investigation is related to a
sharp fall in the stocks of gas transportation companies on 10 April
following a decision by the sector regulator the previous evening to
reduce the charge levied by IGL for transportation and compression.
(Mint)
No comments:
Post a Comment