Showing posts with label Finance Alert. Show all posts
Showing posts with label Finance Alert. Show all posts

Finance/Market/Economy Alert

* Regulator says Indian insurance cos' solvency margins adequate.
* JP Morgan says mid to long-term view of India share mkt "bright".
* NTPC keen to resolve Barh row with Russia co even as deadline ends.
* Kingfisher Airlines to up domestic fares up to 5% from Oct.
* Educomp Solutions gets 1.09-bln-rupee order from Karnataka govt.
* NIIT Tech in 3-year pact with British Airways.
* Bush says working hard to get Indo-US nuclear deal passed.
* India crude oil basket down $1.74 per barrel at $96.94 Thu.
* India oil futures end higher Thu tracking firm global markets.
* Edible Oil Meet: Market seeks solution to prevailing global crisis.

Finance/Market/Economy Alert

* Trading hours extended from today on sun outage

* Telecom minister says govt to meet Oct on Defence vacating spectrum.
* BSNL plans to launch wireless broadband svcs by end Dec.
* AIG gets $85 bln credit facility; suspends common stock dividends.
* Berkshire Hathaway to invest $5 bln in Goldman Sachs.
* Wyeth Pharma to conduct phase IV trials for pneumococcal vaccine.
* Bajaj Hindusthan sees flood impacting cane crop in Uttar Pradesh.
* India crude oil basket up $1.47 per barrel at $98.19 Tue.
* India oil futures ease Tue as dollar firms up against euro.

* India Apr-Aug spices exports 223,050 tn, up 12% on year.

Finance/Market/Economy Alert

* Highlights of Reliance Natural Resources chairman's speech at AGM
* Highlights of Reliance Power chairman's speech at the co's AGM
* Punjlloyd gets $800 mln order from Qutar petroleum
* Ex-Dy Governor Tarapore says RBI should soon return to policy tightening.
* Reliance Power in talks with foreign cos for N-power tech.
* Telecom minister says got information Etisalat tied up with Swan Tele.
* Govt says BSNL trade unions still discussing IPO issue.
* Reliance Power plans to set up 100MW solar power unit.
* Govt likely to decide on its Oct-Mar market borrowing this week.
* Police say security guards at Tata Motors' Singur plant assaulted.
* Food Corp of India raises 5.17 bln rupees via food bond sales Mon.
* Alok Ind retail arm to invest 1.5 bln rupees in 3 yrs on expansion.
* IFGL Refractories Q2 advance tax at 30 mln rupees, up 22% on yr.
* Open offer for Tribhuvan Housing at 28.75 rupee/shr starts Nov 12.
* India crude oil basket up $5.73 per barrel Mon to $96.72.

Finance/Market/Economy Alert

* HCL Tech CEO says current business scenario potential threat for co.
* Macquarie says US financial woes to hit investment flows to Indian mkt.
* Ranbaxy retains former New York Mayor Giuliani's svcs in FDA case.
* Power Grid FY09 invest in transmission ops seen about 80 bln rupees.
* Hindustan Zinc ups zinc price by 1,400 rupees/tn, lead 1,700 rupees.
* Pratibha Industries gets 1.56-bln-rupee order.
* India crude oil basket marginally up at $86.96/barrel Wed.
* PEC floats tender to import 5,000 tn crude palm oil in Sep-Oct.
* Chidambaram says India banking system reasonably insulated from US.
* ICICI Bank Kochhar says credit losses across operations under control.
* Karnataka CM says offered Tatas support for Nano unit relocation.
* HCL Tech CEO says current business scenario potential threat for co.
* Tata Steel says no immediate plan to raise capital.
* Telecom secy says Defence may vacate spectrum in phases.
* Govt allows Indian cos to enter financial pacts with foreign magazines.
* Head sees Amway India sales topping 10 bln rupees 2008 vs 8 bln.
* IMF says US fincl crisis serious, but developing economies resilient.
* Macquarie says US financial woes to hit investment flows to Indian mkt.
* HDFC Bank revises interest rates on FCNR(B), NRE term deposits.
* Ranbaxy retains former New York Mayor Giuliani's svcs in FDA case.
* PEC floats tender to import 5,000 tn crude palm oil in Sep-Oct.
* Cabinet OKs purchase of 1 mln tn pulses from Myanmar

Finance/Market/Economy Alert

* ICICI denies talk top management selling bank's shares.
* Fin min source says global turbulence may impact India capital mkt.
* RIL likely to begin gas production from KG Basin D6 Block in Nov.
* Finance minister OKs 12 FDI proposals worth 14 bln rupees.
* GSPC plans to raise $1 bln via IPO by Jan; may divest up to 15% stake.
* NTPC aiming for 75,000 MW power generation capacity by 2017.
* BHEL says on track to post 450-bln-rupee turnover by 2011-12.
* Fed Reserve bails out US insurance major AIG with $85 bln loan.
* TCS gets 5-year global application maintenance order from Ericsson.
* CRISIL optimistic about sustained development in infra sector.
* Head says Dewan Housing's 1.5-bln-rupee equity raising plan on hold.
* Oil minister says rising crude imports at high prices a concern.
* HCL Tech CEO sees more outsourcing deals for Indian IT cos Oct-Dec.
* Ranbaxy says disappointed on FDA move, to try resolve issues.
* Steel cos seek import tariff on primary pdts to boost local sales.

Finance/Market/Economy Alert

* JP Morgan sees FY09 India IT cos dlr revenue dn 3% on US fin crisis.
* Infosys hopes for more orders from Bk of America post Merrill buy.
* Lehman Brothers Asia, Lehman Bros Securities Asia suspend ops.
* IOC Sep 16-30 daily pdt sale revenue loss seen 2.11 bln rupee.
* Welspun India to de-merge two divisions into separate companies.
* India crude oil basket slips to 7-month low at $91.69/bbl Mon.
* Govt may tender up to 1 mln tn wheat for bulk buyers.
* PEC floats tender to import 12,000 tn tur in Oct-Nov.

Finance/Market/Economy Alert

* Govt says seasonally adjusted inflation in Aug 5.5% vs 12.7% Jul.
* Bank of America in $44-bln deal to buy Merrill Lynch.
* Unitech says Lehman's realty investment in Unitech not in jeopardy.
* Bharti Airtel cuts processing fee on prepaid vouchers to 2 rupee.
* Emami ups Zandu open offer price to 15,000 rupee/shr from 7,315 rupee.
* SBI Mutual CIO Sanjay Sinha joins DBS Chola Mutual Fund as CEO.
* Crompton to buy MSE Engineering at enterprise value of $16 mln.
* Rural Electrification Corp's 5-, 10-yr bond issue opens today.
* Rural Electrification to raise at least 5 bln rupee via 5-, 10-yr bond..

Finance/Market/Economy Alert

* India Jul industrial growth 7.1% Vs 8.3% year ago.
* India Jul industrial growth 7.1% Vs 5.4% month ago
* Govt says disfavours steel price controls but to ensure stability.
* Investor Jim Rogers sees global shr mkts weak for "several years".
* Oil secy says to cut oil bond quantum if cos revenue loss further dn.
* Union Bk of India says no intention to hike interest rates now.
* IFCI head says co on track to induct strategic partner.
* Telecom dept preparing final Cabinet note on VSNL land sale plan.
* CLSA says Infosys most likely to miss Q2, FY09 US$ rev growth guidance
* Omaxe prepays 750-mln-rupee debt raised from Axis Bk, LIC MF.
* Parsvnath may set up 100MW total power capacity for SEZs.
* Farm minister says no plan to raise edible oil import duty.
* India oil futures end weak Thu as global prices hit 5-month lows.
* Govt hikes MSP for kharif oilseeds, pulses, coarse grains.

Finance/Market/Economy Alert

* India Aug car sales down 4% on year, motorcycles up 16%.
* Uttam Galva cuts product prices by 2,000 rupees/tn Sep 1.
* Nalco cuts aluminium product prices by 4,000 rupees per tn.
* NTPC, Bihar State Electricity Board form JV for 1,980 MW project.
* Glenmark to initiate phase-I trials for biologic molecule GBR 500.
* Power Grid in last stage of securing $400 mln loan from World Bank.
* NALCO to export 7,000 tn primary aluminium at $70.2/tn.
* India crude oil basket down $1.82 per barrel to $97.18 Wed.
* India oil futures end weak Wed on concerns over global demand.
* Lakshmi Overseas in power purchase pact with PTC India for 5 yrs.

Finance/Market/Economy Alert

* India crude oil basket falls to 5-month low at $101.70/barrel Fri.
* FCI head says to decide on open market wheat sale price later today.
* Singur stir called off as Bengal govt offers land back to farmers.
* Punjab & Sind Bank to raise 4-bln-rupee Lower Tier II bonds Wed.
* Aban Offshore in 3-month pact to deploy jack-up rig for $18 mln.
* Infotech Enterprises US arm to buy California-based co.
* Aurobindo Pharma gets tentative US nod for anti-retroviral drug.
* Patels Airtemp gets 160.9-mln-rupee order for Essar Oil refinery.
* Bilpower gets $30 mln order from Ghana govt.
* Pratibha Industries gets order worth 447.5 mln rupees.
* Haldia Development Authority plans 250-acre pharma industrial park.
* Goldman Sachs MF files papers for Goldman Sachs India Equity Fund

Finance/Market/Economy Alert

* Subbarao reaches RBI; greeted by Mohan hug, jostling photographers.
* Moody's arm sees more rate hikes in Oct; inflation fall not enough.
* Govt says to continue to closely monitor price situation.
* PNB head sees interest rates stable now; may ease after March.
* PNB may put PNB Gilts' stake sale on backburner on poor response.
* Oil minister hopes OVL will seal Imperial Energy deal in 4-5 wks.
* NTPC plans 15-mln-tn captive coal output by 2012.
* Coal India resorts to imports; to buy 4 mln tn coal in 1 year.
* IRDA head says FY08 ULIP-related complaints slightly down on yr
* SEBI proposes allowing up to 15% shareholding in stock exchanges.
* Gujarat NRE in talks to dilute 5-10% stake in Australian arm.
* Head says V Mart Retail plans initial public offer 2010.
* Parsvnath launches Indore housing project; sees 600 mln rupee realisation.
* RBI Governor Subbarao says top priority is to manage inflation.
* Experts see M&A activity declining Jul-Dec on global econ slowdown.
* Coal ministry identifies 75 coal, 20 lignite block for captive use.
* Head sees Development Credit Bank advances growth 30% in FY09.
* Gujarat NRE in talks to dilute 5-10% stake in Australian arm.
* Govt Sep 1 food grain stock 31.5 mln tn vs 17.9 mln yr ago.

Finance/Market/Economy Alert

* Maruti Suzuki says margins under pressure but no plan to up prices.
* Tata Motors head says waning demand, rising costs hitting automobile cos.
* Hero Honda not to up product prices till Dec despite margin pressure.
* Hyundai India says margin pressure easing on high overseas sales.
* Hindustan Motors to raise pdt prices on rising input costs.
* GAIL to up Pata unit petrochem capacity to 800,000 tn/yr.
* TDSAT to hear COAI plea against dual tech policy Oct 14.
* India Aug electricity generation 59.73 bln kWh, up 0.8% on year.
* Commerce secy sees single-digit inflation by December.
* ACC cement sales in August 1.54 mln tn, down 1.9% on year.
* Apollo Tyres says Kerala unit lockout lifted from Sep 3.
* Sun Pharma arm extends Taro tender offer to Oct 3 from Sep 3.
* NALCO sells 30,000 tn alumina at $362 a tn to Noble Resources.
* India allows export of Pusa 1121 rice variety from Oct 15.
* Govt to review rice, wheat, pulses export ban in Nov first week.

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