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India Equity Research Reports, IPO and Stock News
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News Round-up
` SBIN IN. State Bank of India plans to buy loans from banks in the US & Europe to
boost its overseas credit assets & profitability. (ECNT)
` IDBI IN. IDBI Bank has raised about USD 121.57mn through a Swiss Franc
denominated bond issue, in one of the first overseas bond issues this FY. (ECNT)
` IDBI IN. IDBI Bank to raise up to USD 1bn via overseas bonds. Plans to increase limit
on medium-term note program to USD 2.5bn from USD 1.5bn in January. (BSTD)
` MAX IN. New York Life to exit Max India JV. Japan’s Mitsui Sumitomo buys 26% in
Max New York Life for USD 535mn. (BSTD)
` MSIL IN. Maruti Suzuki enter MPV segment with Ertiga, vehicle to cost INR 0.589mn –
INR 0.845mn. (ECNT)
` GLXO IN. Glaxo SmithKline and one of the largest generic drug companies, Teva
Pharma, are in separate discussions to acquire the domestic business of Bangalorebased Micro Labs. (BSTD)
` POL IN. Polaris Financial Technology has received shareholders’ nod for the demerger
agreement between Polaris and its BPO subsidiary, Optimus Global Services. (BSTD)
` IVRC IN. IVRCL to sell 37.5% stake in IOT Utkal Energy Services. (FNLE)
` IVRC IN. IVRCL Infrastructure shares soared on speculation that the Essel Group may
make an open offer at a substantial premium. (ECNT)
` SUEL IN. Suzlon plans to raise fresh loans. The company is believed to be seeking a
term loan of USD 700mn in FY13. (ECNT)
` ABB IN. ABB has won USD 14.71mn order to provide power solutions for a planned
metro rail network for Jaipur, (THBL)
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
` SBIN IN. State Bank of India plans to buy loans from banks in the US & Europe to
boost its overseas credit assets & profitability. (ECNT)
` IDBI IN. IDBI Bank has raised about USD 121.57mn through a Swiss Franc
denominated bond issue, in one of the first overseas bond issues this FY. (ECNT)
` IDBI IN. IDBI Bank to raise up to USD 1bn via overseas bonds. Plans to increase limit
on medium-term note program to USD 2.5bn from USD 1.5bn in January. (BSTD)
` MAX IN. New York Life to exit Max India JV. Japan’s Mitsui Sumitomo buys 26% in
Max New York Life for USD 535mn. (BSTD)
` MSIL IN. Maruti Suzuki enter MPV segment with Ertiga, vehicle to cost INR 0.589mn –
INR 0.845mn. (ECNT)
` GLXO IN. Glaxo SmithKline and one of the largest generic drug companies, Teva
Pharma, are in separate discussions to acquire the domestic business of Bangalorebased Micro Labs. (BSTD)
` POL IN. Polaris Financial Technology has received shareholders’ nod for the demerger
agreement between Polaris and its BPO subsidiary, Optimus Global Services. (BSTD)
` IVRC IN. IVRCL to sell 37.5% stake in IOT Utkal Energy Services. (FNLE)
` IVRC IN. IVRCL Infrastructure shares soared on speculation that the Essel Group may
make an open offer at a substantial premium. (ECNT)
` SUEL IN. Suzlon plans to raise fresh loans. The company is believed to be seeking a
term loan of USD 700mn in FY13. (ECNT)
` ABB IN. ABB has won USD 14.71mn order to provide power solutions for a planned
metro rail network for Jaipur, (THBL)
Source: ECNT= Economic Times, BSTD = Business Standard, FNLE = Financial Express, THBL = Business Line.
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