Fwd: Todays top news sector wise

[nidhi bengali]

---------- Forwarded message ----------
From: Mohit Jain <mjai...@gmail.com>
Date: Thu, Sep 15, 2011 at 7:02 PM
Subject: Todays top news sector wise
To:


Auto / Auto Ancillaries

·       M&M open to stake sale in Mahindra Aerostructure (Source: Economic Times)

·       Enfield rejigs management structure as part of strategy to ramp up capacity (Source: Economic Times)

·       Maruti labour unrest spreads to Suzuki units (Source: Economic Times)

·       GM India to source 80% components locally for new models (Source: The Hindu Business Line)

·       TVS Motor hopes Indonesian arm will break-even next year (Source: The Hindu Business Line)

·       Suzuki to pick Gujarat for new $1.3 billion plant: Kyodo (Source: DNA Money)

Banking & Finance

·       Oriental Bank of Commerce, Allahabad Bank raise fixed deposit rates by up to 30 basis points (Source: Economic Times)

·       Government may allow PSBs to tap equity market, may help SBI (Source: Economic Times)

·       Reliance Life stake sale gets Irda nod (Source: Business Standard)

·       Standard Chartered partners with EDB of Singapore (Source: Money control)

·       Credit risk concerns remain for PFC, REC  (Source: Money control)

Cement / Construction / Infrastructure / Real Estate

·       Ambuja Cements buys 60 pct in Dirk India for $3.5 mn (Source: Economic Times)

·       PPP panel clears five infra projects worth Rs 70 bn (Source: Business Standard)

Energy / Oil & Gas

·       Shanghai Electric to supply equipment for Haldia plant (Source: Economic Times)

·       Oil Min to decide on Reliance Industries $1.52-bn plan for KG-D6 satellite fields, plan to help RIL reverse decline in output (Source: Economic Times)

·       BPCL buys 3 million barrels of West African crude (Source: Economic Times)

·       NTPC to shut down 2 units at Ramagundam (Source: The Hindu Business Line)

·       Cairn India Accepts Government Conditions on Royalties (Source: The Wall Street Journal)

Information Technology / Telecom

·       2G scam: ED notice to Aircel for violation of forex rules (Source: Economic Times)

·       Bharti Airtel expects $5billion revenue from Africa business by May 2013 (Source: Economic Times)

·       Patni to tread venture capital trail again and prepares for $200 mn growth fund (Source: Economic Times)

·       Google raises Motorola bid by 33% to $12.5 bn (Source: Business Standard)

·       Viom denies reports of wrongdoing in company (Source: Business Standard)

·       Mahindra Satyam eyes Gulf sports industry's IT biz (Source: Business Standard)

·       Rupee's downslide to help IT firms in 2-3 months: HCL (Source: Money control)

Metals / Engineering & Capital Goods

·       Nalco resorts to coal import to overcome crisis (Source: Economic Times)

·       Tata Steel to trim about 1,000 workforce in Ijmuiden in 4 years (Source: Economic Times)

·       BHEL bags Rs 25 -30 bn order: Report (Source: Economic Times)

·       Tata Steel to invest €800 m in Dutch plant over 5 years (Source: The Hindu Business Line)

·       Suzlon to Cooperate With Chinese Firms in Wind Power (Source: The Wall Street Journal)

·       NMDC bids for 50% stake in Australia's Legacy Iron Ore  (Source: Money control)

Pharmaceutical / Fertilizer

·       Jubilant Life inks $70-m deal with US drugmaker for over-the-counter women healthcare products (Source: Economic Times)

·       Lupin gets final US FDA nod for generic anti-epileptic drug (Source: Economic Times)

·       US FDA maintains approval status for Strides' plant (Source: The Hindu Business Line)

Others

·       Kohinoor Foods forms JV with US-based spice maker McCormick (Source: Economic Times)

·       Daikin India to pump in Rs 2.5 bn for expansion (Source: Economic Times)

·       Monte Carlo in talks with PE firms to sell 25% stake for 3 bn (Source: Economic Times)

·       Oberoi group sells 100-year-old Oberoi Palm Beach to Mayfair for Rs 100 mn (Source: Economic Times)

·       CottonKing to have 70 stores by year-end in five states (Source: Business Standard)

·       Group firms raised Rs 190 bn from 20 mn investors, Sahara tells SAT (Source: Business Standard)

·       Finnair eyes India for growth, to tie up with Kingfisher & American Airlines (Source: Mint)

·       Meinhardt to invest over Rs 1 bn in India (Source: Mint)

·       Sahara plans major expansion in FMCG retail space (Source: Money control)

Economy / Policy

·       RBI rate hike looks imminent as inflation accelerates to a 13-month high of 9.78% (Source: Economic Times)

·       RBI intervenes as rupee breaches 48/$ intra-day (Source: Business Standard)

·       Govt to discuss capping LPG subsidy tomorrow (Source: Business Standard)

·       ADB cuts India's GDP to 7.9% for FY12 (Source: Business Standard)

·       India to Decide on EU Debt Proposal at BRICS Meeting (Source: The Wall Street Journal)

 
Regards,
Mohit K Jain
IBS Hyderabad


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