* Oil min source says no fuel price cut unless India basket below $75/bbl.
* RIL to develop D6 satellite fields; add 50% to KG basin gas output.
* Infosys in talks with Axon's institutional investors for support.
* ArcelorMittal facing above 50% cost overrun for India projects.
* HDFC head Parekh hopes interest rates have already peaked.
* Hyundai India to make India production hub for small cars.
* SAIL says maintaining margin despite moderating prices tough challenge.
* Kingfisher Airlines in talks with PE firms to raise $400 mln
* Credit Suisse maintains 'outperform' rating on Sterlite Ind.
* SEL Manufacturing to invest 5 bln rupees in Himachal textile park.
* UB head says in talks with Heineken for new shareholder agreement.
* Unitech still in talks with 4 cos for stake sale in mobile ops.
* Educomp to invest 400 mln rupees for 74% EuroKids share.
* India crude basket at $99/bbl Tue; below $100 for first time since Apr 7.
Showing posts with label Equity Alert. Show all posts
Showing posts with label Equity Alert. Show all posts
Finance/Market/Economy Alert
* PM econ panel sticks to 7.7% India growth forecast for FY09.
* BHEL gets 22-bln-rupee order for 726MW plant from ONGC Tripura Power.
* L&T, Nuclear Power to form forging equipment JV, invest 16 bln rupees.
* Punj Lloyd arm gets 1.67-bln-rupee order from Singapore co.
* Nagarjuna Con wins AP Bhavan development order worth 10 bln rupee.
* Idea's open offer for Spice Comm shrs to start Sep 17, end Oct 6.
* India crude oil basket slips to new 5-mo low at $101.65/barrel Mon.
* India Infoline sees HCL Tech, Infosys in focus on Axon bid tussle.
* Valiant Comm to buy back shares up to 10% of paid-up capital
* BHEL gets 22-bln-rupee order for 726MW plant from ONGC Tripura Power.
* L&T, Nuclear Power to form forging equipment JV, invest 16 bln rupees.
* Punj Lloyd arm gets 1.67-bln-rupee order from Singapore co.
* Nagarjuna Con wins AP Bhavan development order worth 10 bln rupee.
* Idea's open offer for Spice Comm shrs to start Sep 17, end Oct 6.
* India crude oil basket slips to new 5-mo low at $101.65/barrel Mon.
* India Infoline sees HCL Tech, Infosys in focus on Axon bid tussle.
* Valiant Comm to buy back shares up to 10% of paid-up capital
Equity/Market/Economy Alert
* Aditya Birla Nuvo to buy Apollo Sindhoori stake for 2 bln rupees.
* Official says Corp Bank's NIM under pressure on rise in deposit cost.
* India Infoline expects share mkt to be choppy on mixed global cues.
* Sterlite Technologies gets 2.78-bln-rupee orders.
* Marksans Pharma buys UK's generic pharma co Relonchem.
* HPCL seeks shareholders' OK to up borrowing limit to 200 bln rupees.
* SBI Mutual to float 90-day debt plan Fri; offer ends Mon.
* India crude oil basket up $1.10 per barrel to $111.97 Wed.
* Most LME base metals end up Wed on weak dlr, firm oil prices.
* Official says Corp Bank's NIM under pressure on rise in deposit cost.
* India Infoline expects share mkt to be choppy on mixed global cues.
* Sterlite Technologies gets 2.78-bln-rupee orders.
* Marksans Pharma buys UK's generic pharma co Relonchem.
* HPCL seeks shareholders' OK to up borrowing limit to 200 bln rupees.
* SBI Mutual to float 90-day debt plan Fri; offer ends Mon.
* India crude oil basket up $1.10 per barrel to $111.97 Wed.
* Most LME base metals end up Wed on weak dlr, firm oil prices.
Equity/Market/Economy Alert
* Head says SAIL to hold product prices at current levels.
* Tata Motors' head Ratan Tata tells Bengal govt: Singur row a worry.
* Indian crude oil basket up $4.26 per barrel at $114.31 Thu.
* Gogia Int'l Sec applies for currency derivates trading at NSE.
* German co to invest 200 mln euros in Phoenix Mills group cos.
* ADB to grant $1 mln for Bihar urban development project.
* UTI Mutual's 90-day fixed plan opens; issue to close Tue.
* SAIL head says pressure to raise product prices has reduced.
* Trade secretary says confident to meet export targets.
* Lehman sees 25 bps CRR hike by Sep; pressure to up repo may ease.
* Steel minister says have asked NMDC to find more ore in Chiria mines.
* Hindalco to pay 300bps above LIBOR on $1 bln, 5-yr offshore loan.
* ADB to grant $1 mln for Bihar urban development project.
* Farm minister says to release 5-6 mln tn wheat in open mkt over 14 mo.
* India oil futures end up 5.5% Thu on rise in global prices.
* Tata Motors' head Ratan Tata tells Bengal govt: Singur row a worry.
* Indian crude oil basket up $4.26 per barrel at $114.31 Thu.
* Gogia Int'l Sec applies for currency derivates trading at NSE.
* German co to invest 200 mln euros in Phoenix Mills group cos.
* ADB to grant $1 mln for Bihar urban development project.
* UTI Mutual's 90-day fixed plan opens; issue to close Tue.
* SAIL head says pressure to raise product prices has reduced.
* Trade secretary says confident to meet export targets.
* Lehman sees 25 bps CRR hike by Sep; pressure to up repo may ease.
* Steel minister says have asked NMDC to find more ore in Chiria mines.
* Hindalco to pay 300bps above LIBOR on $1 bln, 5-yr offshore loan.
* ADB to grant $1 mln for Bihar urban development project.
* Farm minister says to release 5-6 mln tn wheat in open mkt over 14 mo.
* India oil futures end up 5.5% Thu on rise in global prices.
Equity/Market/Economy Alert
* RBI Deputy Governor Leeladhar says loan growth better this year.
* SBI head says credit growth "much better" than last year.
* Govt says waiting period for LPG connections not to exceed 2 months.
* Finance ministry to oversee 3G auction; cellular licensees too can bid.
* Hero Honda says on track to launch 11 mobike models in next 13 mos.
* Reliance Big TV launches direct-to-home svcs; to offer over 200 channels.
* BHEL plans forgings unit in Gujarat for nuclear power utilities.
* Oil India to apply afresh for IPO next mo; launch issue by Nov.
* Opto Circuits in talks with 2-3 US, Europe cos for buys.
* TDSAT to hear plea against telecom dept's dual tech policy Sep 4.
* ITC Infotech US arm buys Pyxis for $25 mln in all-cash deal.
* Adhunik Metaliks arm to set up 2 units; project cost 11 bln rupees.
* Balaji Tele promoters to buy Star Group's stake at 190 rupees/shr.
* India Apr-Jul major ports' traffic 178 mln tn, up 8.3% on year.
* SBI head says credit growth "much better" than last year.
* Govt says waiting period for LPG connections not to exceed 2 months.
* Finance ministry to oversee 3G auction; cellular licensees too can bid.
* Hero Honda says on track to launch 11 mobike models in next 13 mos.
* Reliance Big TV launches direct-to-home svcs; to offer over 200 channels.
* BHEL plans forgings unit in Gujarat for nuclear power utilities.
* Oil India to apply afresh for IPO next mo; launch issue by Nov.
* Opto Circuits in talks with 2-3 US, Europe cos for buys.
* TDSAT to hear plea against telecom dept's dual tech policy Sep 4.
* ITC Infotech US arm buys Pyxis for $25 mln in all-cash deal.
* Adhunik Metaliks arm to set up 2 units; project cost 11 bln rupees.
* Balaji Tele promoters to buy Star Group's stake at 190 rupees/shr.
* India Apr-Jul major ports' traffic 178 mln tn, up 8.3% on year.
Equity/Market/Economy Alert
* Pakistan President Musharraf quits ahead of impeachment.
* IOC says revenue loss on auto fuel sale sharply down Aug 16-31.
* M&M to hold 51% stake in JV with China's Jiangsu Yueda Yancheng.
* NMDC signs MoU with Rio Tinto for iron ore exploration.
* NMDC to raise all iron ore contract prices Apr 1.
* Bartronics CEO says FY09 revenue guidance unchanged at 5 bln rupees.
* Lehman recommends selling Indian shrs; sees no Asia mkt bottoming.
* Telecom dept seeks bids to select agency for 3G spectrum e-auction.
* Bartronics India gets 4-bln-rupee order.
* TRAI recommends unrestricted Internet telephony service by ISPs.
* China to raise coke export tariff to 40% from 25% Wed.
* Food secretary warns of stern steps to curb sugar prices.
* Allahabad High Court annuls UP cane price for 2007-08.
* IOC says revenue loss on auto fuel sale sharply down Aug 16-31.
* M&M to hold 51% stake in JV with China's Jiangsu Yueda Yancheng.
* NMDC signs MoU with Rio Tinto for iron ore exploration.
* NMDC to raise all iron ore contract prices Apr 1.
* Bartronics CEO says FY09 revenue guidance unchanged at 5 bln rupees.
* Lehman recommends selling Indian shrs; sees no Asia mkt bottoming.
* Telecom dept seeks bids to select agency for 3G spectrum e-auction.
* Bartronics India gets 4-bln-rupee order.
* TRAI recommends unrestricted Internet telephony service by ISPs.
* China to raise coke export tariff to 40% from 25% Wed.
* Food secretary warns of stern steps to curb sugar prices.
* Allahabad High Court annuls UP cane price for 2007-08.
Equity/Market/Economy Alert
* India Jul car sales down 2% on year, motorcycles up 22%
* Capital goods up; likely to remain range bound
* Vishal Information 23% higher Vs issue price
* Spicejet up 7%, co to get $100 mln in WL Ross deal
* Auto shrs up 1-2% as crude oil falls to 3-month low
* Fertiliser shrs to rise 2-3% more on new urea policy
* Capital goods up; likely to remain range bound
* Vishal Information 23% higher Vs issue price
* Spicejet up 7%, co to get $100 mln in WL Ross deal
* Auto shrs up 1-2% as crude oil falls to 3-month low
* Fertiliser shrs to rise 2-3% more on new urea policy
Equity/Market/Economy Alert
* C. Rangarajan quits as chairman of PM's Economic Advisory Council.
* Franklin Mutual floats 3-mo debt plan; issue closes Tue.
* HDFC MF to launch 90-day debt plan Wed; NFO ends Aug 18.
* India crude oil futures end firm Thu on global supply concerns.
* Franklin Mutual floats 3-mo debt plan; issue closes Tue.
* HDFC MF to launch 90-day debt plan Wed; NFO ends Aug 18.
* India crude oil futures end firm Thu on global supply concerns.
Equity/Market/Economy Alert
* Hindustan Zinc ups lead price by Rs.4200/tn
* Infosys launches retail store management software
* Tata Motors down 5% on Q1 result
* Suzlon to foray into 20-30 new countries in next 5 years
* Infosys launches retail store management software
* Tata Motors down 5% on Q1 result
* Suzlon to foray into 20-30 new countries in next 5 years
Equity/Market/Finance
* Reliance Power to replace Dr Reddy's in Nifty from Sept 10
* Lupin buys Germany-based co Hormosan Pharma.
* Sun Pharma not to close Taro Israel units post merger.
* Indian Oil Corp Apr-Jun net 4.15 bln rupees.
* Tata Communications Apr-Jun net 983.4 mln rupees.
* City Union Bank Apr-Jun net 262.36 mln rupees.
* Development Credit Bank Apr-Jun net 54.4 mln rupees.
* Taj GVK Hotels & Resorts Apr-Jun net 150.86 mln rupees.
* Puravankara Projects Apr-Jun consolidated net 618.9 mln rupees.
* XL Tele gives 5-year silcon wafer supply contract to German co.
* WTO talks fail on differences over farm product safeguard mechanism.
* India's crude oil basket falls $2.16 per barrel to $123.29 Tue.
* Lupin buys Germany-based co Hormosan Pharma.
* Sun Pharma not to close Taro Israel units post merger.
* Indian Oil Corp Apr-Jun net 4.15 bln rupees.
* Tata Communications Apr-Jun net 983.4 mln rupees.
* City Union Bank Apr-Jun net 262.36 mln rupees.
* Development Credit Bank Apr-Jun net 54.4 mln rupees.
* Taj GVK Hotels & Resorts Apr-Jun net 150.86 mln rupees.
* Puravankara Projects Apr-Jun consolidated net 618.9 mln rupees.
* XL Tele gives 5-year silcon wafer supply contract to German co.
* WTO talks fail on differences over farm product safeguard mechanism.
* India's crude oil basket falls $2.16 per barrel to $123.29 Tue.
Equity/Market/Economy Alert
* RBI POLICY: REPO rate hiked 50bps
* RBI POLICY: CRR hiked 25bps
* RBI Policy: Hike or pause? Markets reconcile to Reddy surprise.
* IMF says policy trade-off between inflation, growth difficult.
* SAIL to pay 3.3-bln-rupee wage arrear to Burnpur unit staff FY09.
* Rolta acquires US-based WhittmanHart Consulting.
* India oil futures end up Mon on concerns over Nigerian supplies
* RBI Policy: Hike or pause? Markets reconcile to Reddy surprise
* RBI Policy: Inflation surges across the globe; Asia prices zoom
* RBI POLICY: CRR hiked 25bps
* RBI Policy: Hike or pause? Markets reconcile to Reddy surprise.
* IMF says policy trade-off between inflation, growth difficult.
* SAIL to pay 3.3-bln-rupee wage arrear to Burnpur unit staff FY09.
* Rolta acquires US-based WhittmanHart Consulting.
* India oil futures end up Mon on concerns over Nigerian supplies
* RBI Policy: Hike or pause? Markets reconcile to Reddy surprise
* RBI Policy: Inflation surges across the globe; Asia prices zoom
Equity/Market/Economy Alert
* RELINFRA shrs up 2% ahead of China's Shanghai Electric Corp. JV
* Gujarat Flouro shrs up 10.5% on 2.3-bln-rupee worth carbon credit
* PTC India shrs up 4% as Apr-Jun net rises 59% on year
* L&T shares up 4% ahead of Apr-Jun earnings
* ITC to up Gold Flake Filter price 4 rupees/10 sticks
* Ranbaxy launches omeprazole 40 mg capsules in US
* Sugar shrs up on positive outlook on product prices
* Share indices rise 1%; capital goods, realty cos top gainers
* Gujarat Flouro shrs up 10.5% on 2.3-bln-rupee worth carbon credit
* PTC India shrs up 4% as Apr-Jun net rises 59% on year
* L&T shares up 4% ahead of Apr-Jun earnings
* ITC to up Gold Flake Filter price 4 rupees/10 sticks
* Ranbaxy launches omeprazole 40 mg capsules in US
* Sugar shrs up on positive outlook on product prices
* Share indices rise 1%; capital goods, realty cos top gainers
Equity/Market/Economy Alert
* RBI comes down on unsolicited credit cards
* Finance secretary says India growth story still "credible, intact".
* RBI Reddy meets Chidambaram ahead of Tue policy review.
* PNB Apr-Jun MTM loss on treasury ops pegged 1.5 bln rupee.
* Oriental Bank of Commerce Apr-Jun net 2.2 bln rupees.
* Union Bank of India Q1 MTM loss 3.39 bln rupees vs 200 mln yr ago.
* Govt says Railways to increase trains to import cement from Pakistan.
* Grasim Industries Apr-Jun standalone net 5.14 bln rupees.
* Educomp Solutions Apr-Jun net 167.74 mln rupees.
* Godrej Consumer to up soap prices on rising veg oil costs.
* Corus to up UK steel structural section price by 60 pound/tn
* Hindustan Construction Apr-Jun forex loss provision 506 mln rupees.
* Exide Industries to invest 1.8 bln rupees on expansion FY09.
* India adds 8.81 mln phone connections Jun vs 8.46 mln May.
* Met sees improvement in rainfall scenario in next few days.
* Govt says no plan to decontrol sugar sector as of now.
* Finance secretary says India growth story still "credible, intact".
* RBI Reddy meets Chidambaram ahead of Tue policy review.
* PNB Apr-Jun MTM loss on treasury ops pegged 1.5 bln rupee.
* Oriental Bank of Commerce Apr-Jun net 2.2 bln rupees.
* Union Bank of India Q1 MTM loss 3.39 bln rupees vs 200 mln yr ago.
* Govt says Railways to increase trains to import cement from Pakistan.
* Grasim Industries Apr-Jun standalone net 5.14 bln rupees.
* Educomp Solutions Apr-Jun net 167.74 mln rupees.
* Godrej Consumer to up soap prices on rising veg oil costs.
* Corus to up UK steel structural section price by 60 pound/tn
* Hindustan Construction Apr-Jun forex loss provision 506 mln rupees.
* Exide Industries to invest 1.8 bln rupees on expansion FY09.
* India adds 8.81 mln phone connections Jun vs 8.46 mln May.
* Met sees improvement in rainfall scenario in next few days.
* Govt says no plan to decontrol sugar sector as of now.
Equity/Finance/Market Alert
* Chidambaram says answer to inflation rise is monetary measures.
* BJP expels 8 MPs who defied party whip in trust vote.
* Oil official says to discuss bonds issue with finance ministry today.
* IDFC plans to raise up to $250 mln tier 1 capital over 12 mos.
* Ansal API in talks with PE cos to dilute stake in Dadri project.
* India Jun crude imports up 8% on year; oil products down 27%.
* MD says Blue Dart Express to again raise courier charges 15%.
* Ranbaxy launches hypertension drug amlodipine in Japan.
* AP govt source says Maytas consortium wins Hyderabad metro rail order.
* Mastek head sees FY09 capex 600-700 mln rupees.
* Head says Zee Entertainment FY09 forex loss seen at $10.4 mln.
* Parliament panel against farm futures; says leading to price rise
* Industry body SEA says kharif oilseeds prospect a "cause of concern".
* India Apr-Jun copper output 136,245 tn, down 19% on year.
* BJP expels 8 MPs who defied party whip in trust vote.
* Oil official says to discuss bonds issue with finance ministry today.
* IDFC plans to raise up to $250 mln tier 1 capital over 12 mos.
* Ansal API in talks with PE cos to dilute stake in Dadri project.
* India Jun crude imports up 8% on year; oil products down 27%.
* MD says Blue Dart Express to again raise courier charges 15%.
* Ranbaxy launches hypertension drug amlodipine in Japan.
* AP govt source says Maytas consortium wins Hyderabad metro rail order.
* Mastek head sees FY09 capex 600-700 mln rupees.
* Head says Zee Entertainment FY09 forex loss seen at $10.4 mln.
* Parliament panel against farm futures; says leading to price rise
* Industry body SEA says kharif oilseeds prospect a "cause of concern".
* India Apr-Jun copper output 136,245 tn, down 19% on year.
Finance/Economy/Equity Alert
* L&T gets JSW Energy arm's 4.46-bln-rupee transmission line order
* Equity Alert: Eicher Motors up 4% as Jun sales rise 9% on year
* Equity Alert: Hotel shares up on Q1 expectations; FY09 seen bearish
* Equity Alert: Share indices rise 2%; banks, metal cos lead gains
* Equity Alert: Tata Power dn on profit sales, but outlook positive
* CBDT relaxes scrutiny norms in a few cases
* Govt approves 23 coal blocks
* Private oilcos may have to shell out windfall tax
* Equity Alert: Eicher Motors up 4% as Jun sales rise 9% on year
* Equity Alert: Hotel shares up on Q1 expectations; FY09 seen bearish
* Equity Alert: Share indices rise 2%; banks, metal cos lead gains
* Equity Alert: Tata Power dn on profit sales, but outlook positive
* CBDT relaxes scrutiny norms in a few cases
* Govt approves 23 coal blocks
* Private oilcos may have to shell out windfall tax
ECONOMY/FINANCE ALERT
* Equity Alert: Tata Motors off highs; Jun vehicle sales up 7% on yr
* Stockists say cement cos up prices 3-5 rupees/50 kg in south today
* Head says not to launch Bharat Oman Refinery IPO in weak mkt.
* PSU bank head-level postings in limbo after PMO sends back files.
* Syndicate Bank hikes BPLR 50 bps, deposit rate 25-90 bps.
* Allahabad Bk bancassurance income seen 200 mln rupees FY09.
* DLF to mull buy back of shares Jul 10.
* Piramal Healthcare buys German co's brands for 7.7 mln euros.
* Reliance Industrial Infrastructure to set up tanks for propane gas.
* Venezuela's PdVSA may buy 49% in IOC Paradip refinery.
* Head says Everonn EBITDA margin seen 5-8% dn in 2 years.
* BHEL seeks intent letters from global cos for forging equipment JV.
* IDFC plans holding co for 4 arms; may list at "appropriate time".
* Glenmark Pharma acquires product portfolio of 7 brands in Poland.
* Viacom18 Hindi general entertainment channel to start Jul 21.
* Truckers' strike takes off; to meet govt today to press demands.
* Stockists say cement cos up prices 3-5 rupees/50 kg in south today
* Head says not to launch Bharat Oman Refinery IPO in weak mkt.
* PSU bank head-level postings in limbo after PMO sends back files.
* Syndicate Bank hikes BPLR 50 bps, deposit rate 25-90 bps.
* Allahabad Bk bancassurance income seen 200 mln rupees FY09.
* DLF to mull buy back of shares Jul 10.
* Piramal Healthcare buys German co's brands for 7.7 mln euros.
* Reliance Industrial Infrastructure to set up tanks for propane gas.
* Venezuela's PdVSA may buy 49% in IOC Paradip refinery.
* Head says Everonn EBITDA margin seen 5-8% dn in 2 years.
* BHEL seeks intent letters from global cos for forging equipment JV.
* IDFC plans holding co for 4 arms; may list at "appropriate time".
* Glenmark Pharma acquires product portfolio of 7 brands in Poland.
* Viacom18 Hindi general entertainment channel to start Jul 21.
* Truckers' strike takes off; to meet govt today to press demands.
Equity & Market Alert
* Equity Alert: Tata Power seen up; Jan-Mar net profit may surge 171%.
* Shares extend losses to 2%, at 10-month low
* Equity Alert: Fears of hike in interest rates pull realty shrs dn
* Equity Alert: Cairn India up 1.8% on crude price rise; gains capped
* Equity Alert: HDFC up 3%; co may list MF arm before insurance unit
* Equity Alert: ITC sheds gains as funds sell; Q1 results eyed
* Equity Alert: Capital goods shrs down 3-5%; rising inflation weighs
* Shares extend losses to 2%, at 10-month low
* Equity Alert: Fears of hike in interest rates pull realty shrs dn
* Equity Alert: Cairn India up 1.8% on crude price rise; gains capped
* Equity Alert: HDFC up 3%; co may list MF arm before insurance unit
* Equity Alert: ITC sheds gains as funds sell; Q1 results eyed
* Equity Alert: Capital goods shrs down 3-5%; rising inflation weighs
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