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India Equity Research Reports, IPO and Stock News
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News This Week
Economics
India’s food price index rose 9.42% and the fuel price index climbed 12.79%
in the year to 5 March. – Media
The RBI has raised both the repo and reverse repo rate by 25bps once again
to fight the high inflation.- Media
Politics
Prime Minister Manmohan Singh approved the formation of Financial Sector
Legislative Reforms Commission (FSLRC) that will rewrite and clean up the
financial sector laws in the country. - Media
Corporate
Tata Motors is expected to announce increase in the prices of select
passenger vehicles as well as utility vehicles from April 1, 2011.-Media
Qualcomm has renewed talks with various telecom players including Bharti
to sell majority stake in its broadband venture. -Media
R-Infra has secured an order worth $1.6bn to build a 2,400 Mw power plant
in south India for group firm Reliance Power.-Media
State-owned oil firms have hiked jet fuel prices by a massive 6%, the 11th
rate increase in six months. -Media
Tata Motors’ global vehicle sales rose 14% in Feb’11 to 102411 units. -Media
Hotel Leelaventure is in talks with four private equity players to sell 14.9%
equity in order to raise Rs6bn. - Media
Compounding production woes at India's biggest gas field, RIL has projected
a further 13% drop in output from the KG basin fields, a trend that RIL hopes
UK's BP Plc will help it fix. – Media
Tata Steel has decided to sell Rs15bn of perpetual bonds. The Tier-I bonds
carry a coupon of 11.8% payable semi annually. -Media
Essar group has reached a deal to acquire stake in Zimbabwe Iron & Steel
Company & would invest an estimated $750mn for revival of the company.
HCC has bagged two orders aggregating to Rs1.5bn from Hindalco
Industries for latter’s Orissa Project. - Media
Reliance Life Insurance has signed an agreement to bring in Nippon Life as
its 26% equity partner for Rs30.6bn.- Media
ONGC has made a significant gas discovery in Tripura but did not give
reserves the latest find may contain.- Media
Bangalore-based biotechnogy firm Biocon's drug development partner
Optimer has received US patent for drug Fidaxomicin. The drug is used to
treat diarrhea and intestinal diseases. – Media
Monnet Ispat is close to acquiring a coal mine in Sumatra, Indonesia. - Media
Source: Collated from Bloomberg and following news papers - Economic Times, Live Mint,
Business Standard & Financial Express dated Mar 12 - 18, 2011.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News This Week
Economics
India’s food price index rose 9.42% and the fuel price index climbed 12.79%
in the year to 5 March. – Media
The RBI has raised both the repo and reverse repo rate by 25bps once again
to fight the high inflation.- Media
Politics
Prime Minister Manmohan Singh approved the formation of Financial Sector
Legislative Reforms Commission (FSLRC) that will rewrite and clean up the
financial sector laws in the country. - Media
Corporate
Tata Motors is expected to announce increase in the prices of select
passenger vehicles as well as utility vehicles from April 1, 2011.-Media
Qualcomm has renewed talks with various telecom players including Bharti
to sell majority stake in its broadband venture. -Media
R-Infra has secured an order worth $1.6bn to build a 2,400 Mw power plant
in south India for group firm Reliance Power.-Media
State-owned oil firms have hiked jet fuel prices by a massive 6%, the 11th
rate increase in six months. -Media
Tata Motors’ global vehicle sales rose 14% in Feb’11 to 102411 units. -Media
Hotel Leelaventure is in talks with four private equity players to sell 14.9%
equity in order to raise Rs6bn. - Media
Compounding production woes at India's biggest gas field, RIL has projected
a further 13% drop in output from the KG basin fields, a trend that RIL hopes
UK's BP Plc will help it fix. – Media
Tata Steel has decided to sell Rs15bn of perpetual bonds. The Tier-I bonds
carry a coupon of 11.8% payable semi annually. -Media
Essar group has reached a deal to acquire stake in Zimbabwe Iron & Steel
Company & would invest an estimated $750mn for revival of the company.
HCC has bagged two orders aggregating to Rs1.5bn from Hindalco
Industries for latter’s Orissa Project. - Media
Reliance Life Insurance has signed an agreement to bring in Nippon Life as
its 26% equity partner for Rs30.6bn.- Media
ONGC has made a significant gas discovery in Tripura but did not give
reserves the latest find may contain.- Media
Bangalore-based biotechnogy firm Biocon's drug development partner
Optimer has received US patent for drug Fidaxomicin. The drug is used to
treat diarrhea and intestinal diseases. – Media
Monnet Ispat is close to acquiring a coal mine in Sumatra, Indonesia. - Media
Source: Collated from Bloomberg and following news papers - Economic Times, Live Mint,
Business Standard & Financial Express dated Mar 12 - 18, 2011.
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