Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ Coal India has indicated that it would get Rs62bn in additional
revenue over the next fiscal year after upward revisions in coal
prices. (BS)
‰ Siemens has reportedly said that its Osram unit was buying Siteco
Lighting GmbH from Barclays Private Equity to tap into growth in
the energy-efficient lighting market. (ET)
‰ HCL Technologies has launched CataLOG, a supply chain
platform geared for the small to medium enterprise segment,
jointly developed with eBizNET Solutions Inc. (ET)
‰ JSPL is reportedly targeting to set up a 6mtpa steel plant in Orissa
by 2013, with a cumulative investment of Rs150bn. (BL)
‰ BHEL is likely to begin production of renewable energy generating
equipment in the near future as per the company management.
(BL)
News headlines: Economic and political
‰ Led by higher than expected non-tax revenue from the auction of
3G spectrum, the Finance Minister has pegged the fiscal deficit at
5.1% for FY11, and reduced the estimates to 4.6% for FY12. (ET)
‰ The Finance Ministry has set itself a target of Rs400bn to be raised
via disinvestment in various PSU companies during FY12 while
retaining 51% and management control in all cases. (BS)
‰ The Indian economy has registered a GDP growth rate of 8.6% in
real terms for FY11 with a target of 8.75% to 9.25% growth rate
target for FY12.
‰ The Direct Tax code is proposed to be effective from 1April 2012
while the GST Constitution Ammendment Bill will likely be tabled in
the current session of the Parliament. (BS)
‰ The Finance Minister has proposed to levy Minimum Alternate Tax
of 18.5% on the book profits of Special Economic Zone (SEZ)
developers and units which will be effective from April 2012. (BS)
‰ The Finance Minister has proposed to levy 20% ad valorem duty on
all types of outbound shipment of iron ore which is applicable
uniformly for exports of lumps and fines. (BS)
‰ The Finance Minister has proposed to cut excise duty on
development and manufacturing of hybrid vehicle kits to 5% from
the existing 10%, besides fully exempting customs and countervailing duty (CVD) on import of special hybrid parts. (BS)
‰ The Reserve Bank of India is likely to come out with the finalized
set of guidelines to provide new banking license by the end of
March 2011. (BS)
‰ The finance minister has lowered the surcharge tax limit on
corporate tax to 5% from 7.5% even while marginally raising the
Minimum Alternate Tax from 18% to 18.5% on book profits. (BS)
‰ The Finance Minister has retained the corporate tax at 30%, to be
paid by domestic firms earning total income of over Rs10m per
year. (BS)
‰ The Finance Minister has proposed to allocate Rs60bn for some
PSU banks to help them maintain Tier-I capital at 8%. (ET)
‰ The Finance Minister has announced creation of the “India
Microfinance equity fund” with a corpus of Rs1bn for MFIs, to
encourage lending to small borrowers especially in rural India. (BS)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
‰ Coal India has indicated that it would get Rs62bn in additional
revenue over the next fiscal year after upward revisions in coal
prices. (BS)
‰ Siemens has reportedly said that its Osram unit was buying Siteco
Lighting GmbH from Barclays Private Equity to tap into growth in
the energy-efficient lighting market. (ET)
‰ HCL Technologies has launched CataLOG, a supply chain
platform geared for the small to medium enterprise segment,
jointly developed with eBizNET Solutions Inc. (ET)
‰ JSPL is reportedly targeting to set up a 6mtpa steel plant in Orissa
by 2013, with a cumulative investment of Rs150bn. (BL)
‰ BHEL is likely to begin production of renewable energy generating
equipment in the near future as per the company management.
(BL)
News headlines: Economic and political
‰ Led by higher than expected non-tax revenue from the auction of
3G spectrum, the Finance Minister has pegged the fiscal deficit at
5.1% for FY11, and reduced the estimates to 4.6% for FY12. (ET)
‰ The Finance Ministry has set itself a target of Rs400bn to be raised
via disinvestment in various PSU companies during FY12 while
retaining 51% and management control in all cases. (BS)
‰ The Indian economy has registered a GDP growth rate of 8.6% in
real terms for FY11 with a target of 8.75% to 9.25% growth rate
target for FY12.
‰ The Direct Tax code is proposed to be effective from 1April 2012
while the GST Constitution Ammendment Bill will likely be tabled in
the current session of the Parliament. (BS)
‰ The Finance Minister has proposed to levy Minimum Alternate Tax
of 18.5% on the book profits of Special Economic Zone (SEZ)
developers and units which will be effective from April 2012. (BS)
‰ The Finance Minister has proposed to levy 20% ad valorem duty on
all types of outbound shipment of iron ore which is applicable
uniformly for exports of lumps and fines. (BS)
‰ The Finance Minister has proposed to cut excise duty on
development and manufacturing of hybrid vehicle kits to 5% from
the existing 10%, besides fully exempting customs and countervailing duty (CVD) on import of special hybrid parts. (BS)
‰ The Reserve Bank of India is likely to come out with the finalized
set of guidelines to provide new banking license by the end of
March 2011. (BS)
‰ The finance minister has lowered the surcharge tax limit on
corporate tax to 5% from 7.5% even while marginally raising the
Minimum Alternate Tax from 18% to 18.5% on book profits. (BS)
‰ The Finance Minister has retained the corporate tax at 30%, to be
paid by domestic firms earning total income of over Rs10m per
year. (BS)
‰ The Finance Minister has proposed to allocate Rs60bn for some
PSU banks to help them maintain Tier-I capital at 8%. (ET)
‰ The Finance Minister has announced creation of the “India
Microfinance equity fund” with a corpus of Rs1bn for MFIs, to
encourage lending to small borrowers especially in rural India. (BS)
No comments:
Post a Comment