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finance
Sep 1, 2010, 4:06:30 AM9/1/10
to India Investor
Global News
Consumer confidence climbed more than forecast in August as
Americans turned less pessimistic
about the outlook for jobs, easing concern households
will retrench.
India Economy News
Economy logs 8.8% growth in Q1 as manufacturing rebounds
Fertilizer industry set for wave of investments of up to $10
billion.
Corporate India News
Asian stocks rose, led by commodity companies, after China’s
manufacturing expanded at a faster pace in August and Australia’s
economy grew more than economists estimated in the second quarter.
Kingfisher Airlines Ltd., plans to raise $356 million selling
shares to pare debt and help fund expansion.
Impact: Positive
Elder Pharmamaceuticals Ltd. plans to raise $50 million by
selling shares to institutions.
Impact: Positive
India will start allotting bandwidth to telecommunication
companies that won bids to provide third- generation mobile-phone
services today.
Adani Power Ltd. plans to spend about 825 billion rupees
($17.5 billion) to increase capacity almost 17-fold to 16,500
megawatts in the next four years.
Impact: Positive
Cipla India to acquire 25% stake in CMM
Reliance Ind-Hardy strikes more gas in KG block
Impact: Positive
Mukand sells land in Mumbai for Rs. 42.5 crore
Impact: Positive
NALCO seeks stakes in Indonesian coal mines
Impact: Positive
Hero Honda JV partners deny stake sale report
More details http://www.16anna.com
Consumer confidence climbed more than forecast in August as
Americans turned less pessimistic
about the outlook for jobs, easing concern households
will retrench.
India Economy News
Economy logs 8.8% growth in Q1 as manufacturing rebounds
Fertilizer industry set for wave of investments of up to $10
billion.
Corporate India News
Asian stocks rose, led by commodity companies, after China’s
manufacturing expanded at a faster pace in August and Australia’s
economy grew more than economists estimated in the second quarter.
Kingfisher Airlines Ltd., plans to raise $356 million selling
shares to pare debt and help fund expansion.
Impact: Positive
Elder Pharmamaceuticals Ltd. plans to raise $50 million by
selling shares to institutions.
Impact: Positive
India will start allotting bandwidth to telecommunication
companies that won bids to provide third- generation mobile-phone
services today.
Adani Power Ltd. plans to spend about 825 billion rupees
($17.5 billion) to increase capacity almost 17-fold to 16,500
megawatts in the next four years.
Impact: Positive
Cipla India to acquire 25% stake in CMM
Reliance Ind-Hardy strikes more gas in KG block
Impact: Positive
Mukand sells land in Mumbai for Rs. 42.5 crore
Impact: Positive
NALCO seeks stakes in Indonesian coal mines
Impact: Positive
Hero Honda JV partners deny stake sale report
More details http://www.16anna.com
finance
Sep 2, 2010, 3:13:22 AM9/2/10
to India Investor
Global News
Manufacturing in the U.S. expanded at a faster pace than
forecast in August as factories added workers and cranked up
production.
India Economy News
India’s central bank has approved a plan to restructure the
debt of three airline companies by a group of 13 banks led by State
Bank of India.
India’s Fiscal deficit falls by 42% in April-July
India’s manufacturing expansion cooled “marginally” last month
as exports and new factory orders weakened, HSBC Holdings Plc and
Markit Economics said. The purchasing managers’ index fell to 57.2
from 57.6 in July.
Corporate India News
ACC’s August sales declined to 1.57 million tons from 1.65
million tons a year earlier.
Impact: Negative
IFCI Ltd. plans to sell its 5.44 percent stake in National
Stock Exchange of India Ltd.
Impact: Positive
Power Finance Corp. raised 9.4 billion rupees ($201 million)
from a sale of two-year bonds.
Ranbaxy Laboratories Ltd. opened a new factory at Johannesburg
in South Africa.
Impact: Positive
Tata Motors Ltd. plans to export its Nano car to countries in
South Asia, Africa, Latin America
and the Association of Southeast Asian Nations.
Impact: Positive
Apollo Tyres Ltd. was rated “outperform” in new coverage at
Credit Suisse Group AG with a price target of Rs.108.
Impact: Positive
JSW Steel Ltd., raised prices for September by as much as 4
percent. Prices of both long and flat products were increased because
of rising raw material costs and in anticipation of higher demand
during the festival season that begins this month.
Impact: Positive
TCS UK arm wins deals worth GBP 250 million
Impact: Positive
Future Group's logistic arm aims to double biz to Rs 400 cr
More details http://www.16anna.com
Manufacturing in the U.S. expanded at a faster pace than
forecast in August as factories added workers and cranked up
production.
India Economy News
India’s central bank has approved a plan to restructure the
debt of three airline companies by a group of 13 banks led by State
Bank of India.
India’s Fiscal deficit falls by 42% in April-July
India’s manufacturing expansion cooled “marginally” last month
as exports and new factory orders weakened, HSBC Holdings Plc and
Markit Economics said. The purchasing managers’ index fell to 57.2
from 57.6 in July.
Corporate India News
ACC’s August sales declined to 1.57 million tons from 1.65
million tons a year earlier.
Impact: Negative
IFCI Ltd. plans to sell its 5.44 percent stake in National
Stock Exchange of India Ltd.
Impact: Positive
Power Finance Corp. raised 9.4 billion rupees ($201 million)
from a sale of two-year bonds.
Ranbaxy Laboratories Ltd. opened a new factory at Johannesburg
in South Africa.
Impact: Positive
Tata Motors Ltd. plans to export its Nano car to countries in
South Asia, Africa, Latin America
and the Association of Southeast Asian Nations.
Impact: Positive
Apollo Tyres Ltd. was rated “outperform” in new coverage at
Credit Suisse Group AG with a price target of Rs.108.
Impact: Positive
JSW Steel Ltd., raised prices for September by as much as 4
percent. Prices of both long and flat products were increased because
of rising raw material costs and in anticipation of higher demand
during the festival season that begins this month.
Impact: Positive
TCS UK arm wins deals worth GBP 250 million
Impact: Positive
Future Group's logistic arm aims to double biz to Rs 400 cr
More details http://www.16anna.com
finance
Sep 6, 2010, 4:58:08 AM9/6/10
to India Investor
Global News
Asian stocks rose, driving the MSCI Asia Pacific Index to the
highest level in four weeks, as better-than-estimated jobs data in the
U.S. eased concern that global economic growth is faltering.
India Economy News
Sugar production in India, may jump 17 percent as rains
improve yields, helping the nation meet domestic demand.
India to miss export target: Assocham
Corporate India News
Hindalco Industries Ltd. plans to spend 100 billion rupees on
projects this fiscal year
Impact: Positive
Jindal Poly Films Ltd. aims to raise as much as 20 billion
rupees ($429 million) from local and overseas investors.
Impact: Positive
NMDC Ltd. is considering investing in Potash One Inc.’s mining
project in Canada, and a rock phosphate venture in Zimbabwe as part of
a plan to expand into fertilizers.
Wipro Ltd. has formed a partnership with Oracle Corp. to
jointly provide computer services to manufacturing companies.
Impact: Positive
Suzuki to build new plant in India
Impact: Positive
BSE in talks to buy a majority stake in CAMS
No stake sale in Tide Water Oil
Britannia to invest Rs 100 crore in Bihar, Orissa
Impact: Positive
Kingfisher to up 10% capacity, share code with BA
Impact: Positive
Elder Pharmaceuticals Ltd. plans to raise $50 million by
selling shares to institutions
Impact: Positive
More details http://www.16anna.com
Asian stocks rose, driving the MSCI Asia Pacific Index to the
highest level in four weeks, as better-than-estimated jobs data in the
U.S. eased concern that global economic growth is faltering.
India Economy News
Sugar production in India, may jump 17 percent as rains
improve yields, helping the nation meet domestic demand.
India to miss export target: Assocham
Corporate India News
Hindalco Industries Ltd. plans to spend 100 billion rupees on
projects this fiscal year
Impact: Positive
Jindal Poly Films Ltd. aims to raise as much as 20 billion
rupees ($429 million) from local and overseas investors.
Impact: Positive
NMDC Ltd. is considering investing in Potash One Inc.’s mining
project in Canada, and a rock phosphate venture in Zimbabwe as part of
a plan to expand into fertilizers.
Wipro Ltd. has formed a partnership with Oracle Corp. to
jointly provide computer services to manufacturing companies.
Impact: Positive
Suzuki to build new plant in India
Impact: Positive
BSE in talks to buy a majority stake in CAMS
No stake sale in Tide Water Oil
Britannia to invest Rs 100 crore in Bihar, Orissa
Impact: Positive
Kingfisher to up 10% capacity, share code with BA
Impact: Positive
Elder Pharmaceuticals Ltd. plans to raise $50 million by
selling shares to institutions
Impact: Positive
More details http://www.16anna.com
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