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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The government has fixed the price band for the proposed FPO of
Power Finance Corporation at Rs193-203 per share, kicking off
the government’s ambitious Rs400bn disinvestments programme.
(ET)
India’s largest consumer product firm, Hindustan Unilever, has
given its highest bonus in recent years to managers, including the
leadership team. (ET)
Cairn Energy chief executive Bill Gammell has sought audience of
the ministerial panel examining its controversial US$9.6bn deal
with Vedanta to present his point of view in the company’s
dispute with ONGC over royalty. (ET)
News headlines: Economic and political
Violent protests by farmers against forcible land acquisition
continued for the second consecutive day in Greater Noida, and
spread to other parts of western Uttar Pradesh. (ET)
Just over a month into the new financial year and the finance
ministry is worried of its budget calculations going awry because of
a likely economic slowdown. (ET)
Air India pilots have called off their 10-day-old stir after the
government agreed to reinstate the dismissed pilots, acknowledge
their union and look into complaints of pay disparity and
corruption. (ET)
In order to broaden the tax net, the government has sought public
opinion on possibility of a negative list for service tax meaning that
all services which are not mentioned in it would be taxed under the
proposed GST regime. (Mint)
New Sebi chief UK Sinha has said that he does not intend to
reverse rules put in place by his predecessor that restricted the
ability of mutual funds to pay commissions to distributors. (ET)
Forex reserves rose US$3.8bn to US$313.5bn during the week
ended April 29, largely, on account of revaluation of non-dollar
assets and gold in reserves. (ET)
News headlines: Corporate
BP may have paid US$1.5bn for a stake in just one Krishna-
Godavari basin gas discovery block of Reliance Industries as part
of its US$$7.2bn deal. (ET)
UK's Hardy Oil and Gas has said that it will not exercise the option
to raise its stake in a Reliance Industries operated gas block.
(Mint)
Reliance Industries has debunked charges that KG-D6 gas field
output fell due of non-drilling of an adequate number of wells. (ET)
The Orissa government will resume acquiring land for South
Korean major Posco’s proposed 12 million tonne steel plant near
Paradip from May 18. (ET)
Power Finance Corporation will become the nodal agency for
steering power project development in the country. (ET)
ICICI Bank has hiked its lending rate by 50 basis points to 9.25%
effective May 7. (ET)
Sterlite Industries has cut prices of copper by 4% for the first
time this year as global prices have declined. (ET)
Glenmark Pharmaceuticals has said that it's subsidiary has
entered into a settlement and licence agreement with US based
Nycomed to resolve patent infringement lawsuit for fluticasone
propionate lotion, used for treating skin pain and itch. (Mint)
Six major real estate projects valuing Rs500bn in Mumbai’s slums
have run aground with the state government scrapping the
redevelopment projects and putting another four projects under
review. (ET)
Rural Electrification Corp plans to sell its first bonds
denominated in yen as rupee denominated finance costs rise.
(Mint)
Piramal Healthcare has unveiled a Rs240bn plan to enter the
financial services business and will float Piramal Finance, a Rs10bn
non-banking finance company, to fund infrastructure and real
estate development. (ET)
Educomp has decided to invest Rs1.5bn and consequently share
profits, in the future projects of Chennai based Great Lakes
Institute of Management. (ET)
The Reserve Bank of India has asked Tamilnad Mercantile Bank
to list its shares through an IPO. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
The government has fixed the price band for the proposed FPO of
Power Finance Corporation at Rs193-203 per share, kicking off
the government’s ambitious Rs400bn disinvestments programme.
(ET)
India’s largest consumer product firm, Hindustan Unilever, has
given its highest bonus in recent years to managers, including the
leadership team. (ET)
Cairn Energy chief executive Bill Gammell has sought audience of
the ministerial panel examining its controversial US$9.6bn deal
with Vedanta to present his point of view in the company’s
dispute with ONGC over royalty. (ET)
News headlines: Economic and political
Violent protests by farmers against forcible land acquisition
continued for the second consecutive day in Greater Noida, and
spread to other parts of western Uttar Pradesh. (ET)
Just over a month into the new financial year and the finance
ministry is worried of its budget calculations going awry because of
a likely economic slowdown. (ET)
Air India pilots have called off their 10-day-old stir after the
government agreed to reinstate the dismissed pilots, acknowledge
their union and look into complaints of pay disparity and
corruption. (ET)
In order to broaden the tax net, the government has sought public
opinion on possibility of a negative list for service tax meaning that
all services which are not mentioned in it would be taxed under the
proposed GST regime. (Mint)
New Sebi chief UK Sinha has said that he does not intend to
reverse rules put in place by his predecessor that restricted the
ability of mutual funds to pay commissions to distributors. (ET)
Forex reserves rose US$3.8bn to US$313.5bn during the week
ended April 29, largely, on account of revaluation of non-dollar
assets and gold in reserves. (ET)
News headlines: Corporate
BP may have paid US$1.5bn for a stake in just one Krishna-
Godavari basin gas discovery block of Reliance Industries as part
of its US$$7.2bn deal. (ET)
UK's Hardy Oil and Gas has said that it will not exercise the option
to raise its stake in a Reliance Industries operated gas block.
(Mint)
Reliance Industries has debunked charges that KG-D6 gas field
output fell due of non-drilling of an adequate number of wells. (ET)
The Orissa government will resume acquiring land for South
Korean major Posco’s proposed 12 million tonne steel plant near
Paradip from May 18. (ET)
Power Finance Corporation will become the nodal agency for
steering power project development in the country. (ET)
ICICI Bank has hiked its lending rate by 50 basis points to 9.25%
effective May 7. (ET)
Sterlite Industries has cut prices of copper by 4% for the first
time this year as global prices have declined. (ET)
Glenmark Pharmaceuticals has said that it's subsidiary has
entered into a settlement and licence agreement with US based
Nycomed to resolve patent infringement lawsuit for fluticasone
propionate lotion, used for treating skin pain and itch. (Mint)
Six major real estate projects valuing Rs500bn in Mumbai’s slums
have run aground with the state government scrapping the
redevelopment projects and putting another four projects under
review. (ET)
Rural Electrification Corp plans to sell its first bonds
denominated in yen as rupee denominated finance costs rise.
(Mint)
Piramal Healthcare has unveiled a Rs240bn plan to enter the
financial services business and will float Piramal Finance, a Rs10bn
non-banking finance company, to fund infrastructure and real
estate development. (ET)
Educomp has decided to invest Rs1.5bn and consequently share
profits, in the future projects of Chennai based Great Lakes
Institute of Management. (ET)
The Reserve Bank of India has asked Tamilnad Mercantile Bank
to list its shares through an IPO. (ET)
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