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News Headlines
FDI in telecom sector at Rs 5,434.48 cr in June quarter (ET)
The FDI in the telcom sector was Rs 5,434.48 cr during the Q ended Jun 30,
Parliament was informed.
Inflation would come down to 6 % by year-end (ET)
Seeking to allay concerns over price rise, PM expressed confidence that inflation
would come down to 6% by year-end.
National Manufacturing Policy on the anvil (ET)
The Cab will soon take up for consideration a NMP that aims at raising contribution of
manufacturing in the country's GDP from 16% now to 26% by 2025.
India's FY12 government borrowing to remain same (ET)
Govt is unlikely to change its market borrowing programme for the current fin yr, a
senior FMin official said.
MSME commission to be left to market forces, says FM (BS)
The govt has ruled out fixing the rate of commission charged by firms from MSMEs
for taking the part of realising payments of goods and services sold by these firms.
Rs 40,000 crore foreign contribution to 77,000 NGOs in 4 yrs (ET)
Foreign contribution worth nearly Rs 40,000 cr has been received by 77,000 NGOs
across the country in four years beginning 2005-06.
PNGRB seeks single window clearance for city gas distribution (ET)
PNGRB has written the chief secretaries to smoothen the process for the CGD Cos.
Govt wants to ease foreign investment in infra finance bonds (Reuters)
The govt is in talks with the RBI and stock market regulator to allow infra finance Cos
to issue bonds to foreign investors, 4 sources with direct knowledge said.
Construction firms misusing tax benefits: CAG (BS)
The CAG has found civil construction Cos. misusing various tax exemptions, and has
suggested the preparation of a ‚complete and accurate‛ database of the entities in
the sector to plug revenue leakages.
Delay in titanium project creates ruckus in assembly (BS)
The state govt is in a tight spot over the inordinate delay in implementation of the
proposed titanium project in Ganjam district as the Opposition MLAs demand info on
action taken by the govt to implement the project.
Electricity dues of Rs 1,332 cr pending (BS)
42 Cos. and 4 power distribution firms in Orissa have defaulted in payment of
electricity duty and dues to the tune of Rs 1,331.55 cr.
Coal India mines face closure over environmental concerns (Reuters)
At least 22 mines owned by COAL, face closure over environmental concerns in
Jharkhand, potentially suffering an output loss of up to 40,000 T a day, officials said.
OVL to go alone for fund-raising (BS)
OVL that has interests in 9 producing overseas assets, is looking to scale down fin
dependence on the parent company. OVL, which has borrowings of over Rs 16,000
cr from ONGC, will now be looking for funds on its own.
Tata Power seeks higher rate for Mundra unit (BS)
Tata Power chairman said they were seeking a higher rate for supply from its underconstruction 4,000 Mw ultra mega power plant at Mundra in Gujarat’s Kutch district.
Sanofi Agrees to Buy Unit of Universal Medicare (Bloomberg Finance LP)
Sanofi agreed to buy a unit of India’s Universal Medicare that makes branded health
and nutrition treatments as it tries to increase sales from non-prescription products.
GTL Infra lenders in talks on debt restructuring terms (ET)
The Co is saddled with close to Rs 10,000 cr of debt, and bankers say new investors
are demanding a huge reduction as a condition for picking up a strategic stake.
Five JSW Steel promoters pledge over 14% stake (ET)
5 promoters of JSTL have pledged over 3.2 cr shares, accounting for 14.39% stake.
Orders for Durable Goods in U.S. Up 4% (Bloomberg Finance LP)
Orders for U.S. durable goods climbed more than forecast in Jul as a surge in
demand for aircraft and autos eclipsed a decrease in business equipment.
Home Prices Decline 5.9% in 2Q (Bloomberg Finance LP)
Home prices in the U.S. fell 5.9% in the 2Q from a yr earlier, the biggest decline
since ‘09, as foreclosures added to the inventory of properties for sale.
Japan Unveils $100 Bln to Fight Surging Yen (Bloomberg Finance LP)
Japan unveiled a $100 bln effort to help Cos. cope with a surging yen, signaling that
officials may be resigned to the currency remaining high.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
FDI in telecom sector at Rs 5,434.48 cr in June quarter (ET)
The FDI in the telcom sector was Rs 5,434.48 cr during the Q ended Jun 30,
Parliament was informed.
Inflation would come down to 6 % by year-end (ET)
Seeking to allay concerns over price rise, PM expressed confidence that inflation
would come down to 6% by year-end.
National Manufacturing Policy on the anvil (ET)
The Cab will soon take up for consideration a NMP that aims at raising contribution of
manufacturing in the country's GDP from 16% now to 26% by 2025.
India's FY12 government borrowing to remain same (ET)
Govt is unlikely to change its market borrowing programme for the current fin yr, a
senior FMin official said.
MSME commission to be left to market forces, says FM (BS)
The govt has ruled out fixing the rate of commission charged by firms from MSMEs
for taking the part of realising payments of goods and services sold by these firms.
Rs 40,000 crore foreign contribution to 77,000 NGOs in 4 yrs (ET)
Foreign contribution worth nearly Rs 40,000 cr has been received by 77,000 NGOs
across the country in four years beginning 2005-06.
PNGRB seeks single window clearance for city gas distribution (ET)
PNGRB has written the chief secretaries to smoothen the process for the CGD Cos.
Govt wants to ease foreign investment in infra finance bonds (Reuters)
The govt is in talks with the RBI and stock market regulator to allow infra finance Cos
to issue bonds to foreign investors, 4 sources with direct knowledge said.
Construction firms misusing tax benefits: CAG (BS)
The CAG has found civil construction Cos. misusing various tax exemptions, and has
suggested the preparation of a ‚complete and accurate‛ database of the entities in
the sector to plug revenue leakages.
Delay in titanium project creates ruckus in assembly (BS)
The state govt is in a tight spot over the inordinate delay in implementation of the
proposed titanium project in Ganjam district as the Opposition MLAs demand info on
action taken by the govt to implement the project.
Electricity dues of Rs 1,332 cr pending (BS)
42 Cos. and 4 power distribution firms in Orissa have defaulted in payment of
electricity duty and dues to the tune of Rs 1,331.55 cr.
Coal India mines face closure over environmental concerns (Reuters)
At least 22 mines owned by COAL, face closure over environmental concerns in
Jharkhand, potentially suffering an output loss of up to 40,000 T a day, officials said.
OVL to go alone for fund-raising (BS)
OVL that has interests in 9 producing overseas assets, is looking to scale down fin
dependence on the parent company. OVL, which has borrowings of over Rs 16,000
cr from ONGC, will now be looking for funds on its own.
Tata Power seeks higher rate for Mundra unit (BS)
Tata Power chairman said they were seeking a higher rate for supply from its underconstruction 4,000 Mw ultra mega power plant at Mundra in Gujarat’s Kutch district.
Sanofi Agrees to Buy Unit of Universal Medicare (Bloomberg Finance LP)
Sanofi agreed to buy a unit of India’s Universal Medicare that makes branded health
and nutrition treatments as it tries to increase sales from non-prescription products.
GTL Infra lenders in talks on debt restructuring terms (ET)
The Co is saddled with close to Rs 10,000 cr of debt, and bankers say new investors
are demanding a huge reduction as a condition for picking up a strategic stake.
Five JSW Steel promoters pledge over 14% stake (ET)
5 promoters of JSTL have pledged over 3.2 cr shares, accounting for 14.39% stake.
Orders for Durable Goods in U.S. Up 4% (Bloomberg Finance LP)
Orders for U.S. durable goods climbed more than forecast in Jul as a surge in
demand for aircraft and autos eclipsed a decrease in business equipment.
Home Prices Decline 5.9% in 2Q (Bloomberg Finance LP)
Home prices in the U.S. fell 5.9% in the 2Q from a yr earlier, the biggest decline
since ‘09, as foreclosures added to the inventory of properties for sale.
Japan Unveils $100 Bln to Fight Surging Yen (Bloomberg Finance LP)
Japan unveiled a $100 bln effort to help Cos. cope with a surging yen, signaling that
officials may be resigned to the currency remaining high.
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