* Inflation to hit zero by end March 2009: Axis Bank
* SpiceJet soars 19% on consolidation plan
* United Spirits promoters pledge 32.82% stake
* General Motors freezes wages in Canada till 2012
* Engineering goods sector expects 400,000 job losses
* 5 investment secrets of a self-made millionaire
* JPMorgan to up outsourcing to India by 25%
* RIL hits green barrier in CBM projects
* More talk time on BSNL network
* Oil prices higher in Asian trade
* Japan logs first current account deficit in 13 years
* Global economy to shrink this year: World Bank
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Showing posts with label Finance News. Show all posts
Showing posts with label Finance News. 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/Economy/Finance Alert
* PM econ panel says RBI needs to maintain tight monetary stance.
* IMF revises monitoring procedures to ensure global econ stability.
* State Bank of India head says interest rates have "nearly peaked".
* BHEL sees inflow slow down as most orders under XI Plan placed.
* MAN Ind may set up greenfield LSAW pipe unit in China.
* Head says NMDC mulls JV with Jharkhand govt for iron ore mines.
* India Steel Works' Khopoli unit ops disrupted due to heavy rains.
* Oil minister says no scope for fuel price cut despite easing crude.
* Central Bank of India head says margins seen under pressure.
* Puravankara Projects sets up arm for affordable housing
* Tata Power, Lanco, L&T among 9 cos in fray for 1320 MW Punjab plant.
* BILT to up coated paper prices by 1,500 rupee/tn Fri.
* Tata Steel arm, Vietnam Steel JV to set up steel unit in Vietnam.
* Head says Avesthagen mulling IPO; yet to file papers with SEBI.
* NCDEX head says logistics delaying launch of gold guinea contract.
* PM panel says no clear nexus seen between futures and inflation.
* World's 10 top management gurus
* IMF revises monitoring procedures to ensure global econ stability.
* State Bank of India head says interest rates have "nearly peaked".
* BHEL sees inflow slow down as most orders under XI Plan placed.
* MAN Ind may set up greenfield LSAW pipe unit in China.
* Head says NMDC mulls JV with Jharkhand govt for iron ore mines.
* India Steel Works' Khopoli unit ops disrupted due to heavy rains.
* Oil minister says no scope for fuel price cut despite easing crude.
* Central Bank of India head says margins seen under pressure.
* Puravankara Projects sets up arm for affordable housing
* Tata Power, Lanco, L&T among 9 cos in fray for 1320 MW Punjab plant.
* BILT to up coated paper prices by 1,500 rupee/tn Fri.
* Tata Steel arm, Vietnam Steel JV to set up steel unit in Vietnam.
* Head says Avesthagen mulling IPO; yet to file papers with SEBI.
* NCDEX head says logistics delaying launch of gold guinea contract.
* PM panel says no clear nexus seen between futures and inflation.
* World's 10 top management gurus
Equity/Market/Economic Alerts
* Cabinet likely to take up SBI-State Bank of Saurashtra merger today.
* Bharti Airtel Apr-Jun net 21.67 bln rupees, net sales 85.06 bln rupees.
* Patni Computer Systems Apr-Jun consol net 1.19 bln rupees.
* Hindustan Zinc raises lead price by 7,100 rupee/tn; zinc kept unch.
* Cranes Software arm Systat Software to acquire Cubeware.
* SBI Mutual to revise exit load plan of liquid plus fund.
* Govt to waive licence fees for rural landline telephone ops.
* Bharti Airtel Apr-Jun net 21.67 bln rupees, net sales 85.06 bln rupees.
* Patni Computer Systems Apr-Jun consol net 1.19 bln rupees.
* Hindustan Zinc raises lead price by 7,100 rupee/tn; zinc kept unch.
* Cranes Software arm Systat Software to acquire Cubeware.
* SBI Mutual to revise exit load plan of liquid plus fund.
* Govt to waive licence fees for rural landline telephone ops.
Finance/Economy/Equity Alert
* What India's Stocks Market Will Watch - Jul 9
* Financial Technologies to start Singapore Mercantile Exchange
* India Stocks: Up over 3% tracking sharp gains in overseas markets
* Left Front formally snaps ties with UPA govt; seeks early trust vote.
* Chidambaram sees no reason why India can't bring down inflation.
* PM meets Bush on G-8 sidelines; discusses progress in nuclear deal.
* Oil minister says don't know if there's any proposal for windfall tax.
* HDFC head for enforcement of apartment sale on carpet area basis.
* French co Total says Vizag JV refinery capacity seen 14 mln tn/yr.
* Head says ONGC may wrap up overseas acquisition in 2 mos.
* Era Group says to trim seven strategic business units into three.
* Canara Bank gets licence to open branch in Shanghai.
* Samtel-HAL JV gets over 2.5-bln-rupee HAL order for display system.
* Hero Electric to invest 700 mln rupee in Ludhiana plant expansion.
* Govt aide says notification on cotton policy changes likely today.
* India's crude oil basket down $2.99 per barrel Tue to $136.51
* 'Very hard to engineer Re appreciation'
* How would the market react in case of early elections? Experts speak
* Top 10 performers of Indian equities market
* Financial Technologies to start Singapore Mercantile Exchange
* India Stocks: Up over 3% tracking sharp gains in overseas markets
* Left Front formally snaps ties with UPA govt; seeks early trust vote.
* Chidambaram sees no reason why India can't bring down inflation.
* PM meets Bush on G-8 sidelines; discusses progress in nuclear deal.
* Oil minister says don't know if there's any proposal for windfall tax.
* HDFC head for enforcement of apartment sale on carpet area basis.
* French co Total says Vizag JV refinery capacity seen 14 mln tn/yr.
* Head says ONGC may wrap up overseas acquisition in 2 mos.
* Era Group says to trim seven strategic business units into three.
* Canara Bank gets licence to open branch in Shanghai.
* Samtel-HAL JV gets over 2.5-bln-rupee HAL order for display system.
* Hero Electric to invest 700 mln rupee in Ludhiana plant expansion.
* Govt aide says notification on cotton policy changes likely today.
* India's crude oil basket down $2.99 per barrel Tue to $136.51
* 'Very hard to engineer Re appreciation'
* How would the market react in case of early elections? Experts speak
* Top 10 performers of Indian equities market
Finance/Equity/Market Alert
* What India's Stocks Market Will Watch - Jun 27 .
* Reliance Banking ETF lists on NSE at 503 rupees/unit
* Equity Alert :Mkt down 4%; bank,realty shares fall before inflation
* Equity Alert: Cairn up 2% on high oil prices; may rise to 284 rupee
* Equity Alert: Sun Pharma up 2.5% as defensive bet in weak market
* NYMEX Aug crude oil hits new all-time high of $141.71/bbl .
* Reliance Banking ETF lists on NSE at 503 rupees/unit
* Equity Alert :Mkt down 4%; bank,realty shares fall before inflation
* Equity Alert: Cairn up 2% on high oil prices; may rise to 284 rupee
* Equity Alert: Sun Pharma up 2.5% as defensive bet in weak market
* NYMEX Aug crude oil hits new all-time high of $141.71/bbl .
Finance/Economy Alert
* Highlights of Reserve Bank of India statement on repo rate hike
* Top banks not to take hasty decision on rates post repo hike
Morgan Stanley
* investment demand slowing significantly
* Downside risks exist to our 7.1% FY09 GDP stimate
* GDP may slow to 6.5% in Jan-Mar 2009 vs 8.8%
* India GDP growth decelerating further
* 10-yr gilt yield at 9% by year-end
* RBI again hiking repo rate in 3 mos
* Excise exemption norms relaxed
* Top banks not to take hasty decision on rates post repo hike
Morgan Stanley
* investment demand slowing significantly
* Downside risks exist to our 7.1% FY09 GDP stimate
* GDP may slow to 6.5% in Jan-Mar 2009 vs 8.8%
* India GDP growth decelerating further
* 10-yr gilt yield at 9% by year-end
* RBI again hiking repo rate in 3 mos
* Excise exemption norms relaxed
Finance & Economic Alert
* What India's Stocks Market Will Watch - Jun 10
* India May car sales up 14% on year, two-wheelers up 7%
* JSW Steel May crude steel production 347,000 tn, up 19% on year
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan
* 12.33 FTSE 100 opens at 5844.60, down 33.00 pts or 0.6%
* PNB head says no decision yet on bidding for IFCI stake
* Govt seen losing 6 bln rupee/mo as commodity tax not yet notified.
* PNB head says no plan to alter loan, deposit rates as of now.
* Tata Steel, Riversdale in JV for coking, thermal coal project.
* RIL restarts KG Basin MA field exploration, may drill 5 more wells.
* CFO says Deccan-Kingfisher to cut capacity, routes to stem losses.
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan.
* Bharti says to launch Apple's iPhone 3G in India later this year.
* JSW Steel May crude steel production 347,000 tn, up 19% on year.
* Head says Tata Elxsi plans capex of 450 mln rupees in FY09.
* CFO says Gati mulls raising freight rates 7-10% by Jun end.
* India May car sales up 14% on year, two-wheelers up 7%.
* Lehman says India will have no option but to let rupee weaken.
* Indiabulls power arm to set up 1,320MW power plants in Jharkhand.
* India May car sales up 14% on year, two-wheelers up 7%
* JSW Steel May crude steel production 347,000 tn, up 19% on year
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan
* 12.33 FTSE 100 opens at 5844.60, down 33.00 pts or 0.6%
* PNB head says no decision yet on bidding for IFCI stake
* Govt seen losing 6 bln rupee/mo as commodity tax not yet notified.
* PNB head says no plan to alter loan, deposit rates as of now.
* Tata Steel, Riversdale in JV for coking, thermal coal project.
* RIL restarts KG Basin MA field exploration, may drill 5 more wells.
* CFO says Deccan-Kingfisher to cut capacity, routes to stem losses.
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan.
* Bharti says to launch Apple's iPhone 3G in India later this year.
* JSW Steel May crude steel production 347,000 tn, up 19% on year.
* Head says Tata Elxsi plans capex of 450 mln rupees in FY09.
* CFO says Gati mulls raising freight rates 7-10% by Jun end.
* India May car sales up 14% on year, two-wheelers up 7%.
* Lehman says India will have no option but to let rupee weaken.
* Indiabulls power arm to set up 1,320MW power plants in Jharkhand.
Finance/Economic Alert
* What India's Stocks Market Will Watch - Jun 3
* Highlights of Indian cos Jan-Mar earnings detailed so far - Part 2
* Highlights of Indian cos Jan-Mar earnings detailed so far - Part 1
* Govt withdraws DEPB benefits for cement a day after notifying it
* Govt says no proof of investment by terror outfits in stock market
* Petrol Jinx :
* TIMELINE: Measures taken by the government to tame inflation
* Infosys gets 2 patents in holography, mobile communications space
* Highlights of Indian cos Jan-Mar earnings detailed so far - Part 2
* Highlights of Indian cos Jan-Mar earnings detailed so far - Part 1
* Govt withdraws DEPB benefits for cement a day after notifying it
* Govt says no proof of investment by terror outfits in stock market
* Petrol Jinx :
* TIMELINE: Measures taken by the government to tame inflation
* Infosys gets 2 patents in holography, mobile communications space
FINANCE ALERT
* Govt mulling cess, duty rejig, fuel price hike to bail out oil cos
* Govt official: No immediate plan to relax FDI norms in retail
* Govt official: No immediate plan to relax FDI norms in retail
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