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India Equity Research Reports, IPO and Stock News
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News headlines: Corporate
�� Coal India is gearing up for around Rs420bn investment in the
next few years as its projects, stuck under environment norms,
start getting clearances. The ministry has already lifted the
pollution index-related ban on three major For Coal India projects
(ET)
�� The Reliance ADAG Group is planning to sell up to 49% stake in its
DTH venture Reliance Big TV in a deal which could raise Rs20-
25bn. (ET)
�� Maruti Suzuki’s Manesar plant was abruptly stopped for the
second time in past two months after around 24 of its workers
were asked to leave. The plant has assembly lines for the new
Swift, AStar hatchbacks and Sx4 sedan (ET)
�� Department of telecom (DoT) will approach the Cabinet for getting
an approval to hive off 773 acre surplus land held by Tata
Communications into a separate company. (ET)
News headlines: Economic and political
�� As per RBI’s new guidelines, Indian private corporates and nonbanking
finance companies can apply for licences to set up banks.
(BL)
�� The borrowings of oil marketing companies (OMCs) over the next
three months is set to cross Rs1,000bn, despite a rise in fuel prices
and rejig in duty structure in June. (BS)
�� The coal ministry has received applications for long-term coal
linkage from central and state utilities, independent power
producers (IPPs) and captive power producers (CPPs) for 974
power projects with a generation capacity of over 0.6mn Mw.
(Mint)
�� Two stretches of dedicated freight corridor project are reportedly
expected to commence operations by the end of 2014. (ET)
News headlines: Corporate
�� Reliance Power plans to invest Rs80bn to set up 500 MW solar
power projects in Rajasthan over the next three years. (ET)
�� BPCL plans to set up LNG terminals in Maharashtra and Karnataka
with an investment of Rs45bn and a capacity of 5-6mt. (BS)
�� The Jawaharlal Nehru Port Trust (JNPT) has received the
government’s approval to set up a special economic zone (SEZ) at
its facility near Mumbai. (BS)
�� The promoters of VIP Industries have said they’d been
inadvertently under-reporting their shareholding in the company by
7% for the past four years. (BS)
�� Happiest Minds, the IT venture founded by former MindTree
chairman Ashok Soota, announced 11 more co-founders of which
five are former senior executives of MindTree. (ET)
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News headlines: Corporate
�� Coal India is gearing up for around Rs420bn investment in the
next few years as its projects, stuck under environment norms,
start getting clearances. The ministry has already lifted the
pollution index-related ban on three major For Coal India projects
(ET)
�� The Reliance ADAG Group is planning to sell up to 49% stake in its
DTH venture Reliance Big TV in a deal which could raise Rs20-
25bn. (ET)
�� Maruti Suzuki’s Manesar plant was abruptly stopped for the
second time in past two months after around 24 of its workers
were asked to leave. The plant has assembly lines for the new
Swift, AStar hatchbacks and Sx4 sedan (ET)
�� Department of telecom (DoT) will approach the Cabinet for getting
an approval to hive off 773 acre surplus land held by Tata
Communications into a separate company. (ET)
News headlines: Economic and political
�� As per RBI’s new guidelines, Indian private corporates and nonbanking
finance companies can apply for licences to set up banks.
(BL)
�� The borrowings of oil marketing companies (OMCs) over the next
three months is set to cross Rs1,000bn, despite a rise in fuel prices
and rejig in duty structure in June. (BS)
�� The coal ministry has received applications for long-term coal
linkage from central and state utilities, independent power
producers (IPPs) and captive power producers (CPPs) for 974
power projects with a generation capacity of over 0.6mn Mw.
(Mint)
�� Two stretches of dedicated freight corridor project are reportedly
expected to commence operations by the end of 2014. (ET)
News headlines: Corporate
�� Reliance Power plans to invest Rs80bn to set up 500 MW solar
power projects in Rajasthan over the next three years. (ET)
�� BPCL plans to set up LNG terminals in Maharashtra and Karnataka
with an investment of Rs45bn and a capacity of 5-6mt. (BS)
�� The Jawaharlal Nehru Port Trust (JNPT) has received the
government’s approval to set up a special economic zone (SEZ) at
its facility near Mumbai. (BS)
�� The promoters of VIP Industries have said they’d been
inadvertently under-reporting their shareholding in the company by
7% for the past four years. (BS)
�� Happiest Minds, the IT venture founded by former MindTree
chairman Ashok Soota, announced 11 more co-founders of which
five are former senior executives of MindTree. (ET)
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