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finance
Sep 14, 2010, 4:13:07 AM9/14/10
to India Investor
Global News
The U.S. government posted a smaller budget deficit in August
compared with the same month last year, helped by rising tax receipts.
Corporate India News
Alstom Projects India Ltd. may set up a local manufacturing
plant after its parent got an order to supply 168 rail coaches for
Chennai’s metro.
Indian steelmaker Ispat Industries Ltd.’s lenders may sell
their holdings in the company to Tata Steel Ltd. and ArcelorMittal
India.
Impact: Positive for Ispat
Reliance Industries Ltd. plans to start a vacuum gasoil unit
at its Jamnagar facility in India by the beginning of next week.
Impact: Positive
Vishal Retail’s board has approved the sale of its retail and
wholesale businesses to Shriram Group and the Indian unit of TPG
respectively, for Rs 1bn.
Impact: Positive
GSK Consumer Healthcare would invest over Rs 3bn on a major
brand building exercise to position Horlicks as an umbrella brand of
the company.
Kalpataru Power Transmission has secured three orders worth
over Rs 5.5bn from the Kenya Electricity Transmission Company and
Parbati Koldam Transmission Company.
Impact: Positive
Suzlon plans to expand in China
Impact: Positive
HDIL launches share sale for $250 million
More details http://www.16anna.com
The U.S. government posted a smaller budget deficit in August
compared with the same month last year, helped by rising tax receipts.
Corporate India News
Alstom Projects India Ltd. may set up a local manufacturing
plant after its parent got an order to supply 168 rail coaches for
Chennai’s metro.
Indian steelmaker Ispat Industries Ltd.’s lenders may sell
their holdings in the company to Tata Steel Ltd. and ArcelorMittal
India.
Impact: Positive for Ispat
Reliance Industries Ltd. plans to start a vacuum gasoil unit
at its Jamnagar facility in India by the beginning of next week.
Impact: Positive
Vishal Retail’s board has approved the sale of its retail and
wholesale businesses to Shriram Group and the Indian unit of TPG
respectively, for Rs 1bn.
Impact: Positive
GSK Consumer Healthcare would invest over Rs 3bn on a major
brand building exercise to position Horlicks as an umbrella brand of
the company.
Kalpataru Power Transmission has secured three orders worth
over Rs 5.5bn from the Kenya Electricity Transmission Company and
Parbati Koldam Transmission Company.
Impact: Positive
Suzlon plans to expand in China
Impact: Positive
HDIL launches share sale for $250 million
More details http://www.16anna.com
finance
Sep 15, 2010, 9:03:11 AM9/15/10
to India Investor
India Economy News
April-Aug Indirect tax revenue up 45% y-o-y
RBI seen lifting rates by 25 bps
Corporate India News
Rural Electrification Corp. may sell as much as $500 million
of bonds in yen or dollars to exploit lower borrowing costs in those
currencies.
Steel Authority of India Ltd. signed a joint venture agreement
with RITES Ltd. to set up a rail wagon factory in the eastern state of
West Bengal. The venture plans to spend 850 million rupees ($18
million) on the factory, which can build 1,500 wagons a year.
Impact: Positive
Tata Steel Ltd. said it exercised an option to buy 80 percent
of the Direct Shipping Ore project of New Millennium Capital Corp.,
Canada.
Impact: Positive
LIC Housing Finance Ltd., the home- loan lending arm of
India’s largest insurer, was rated
“overweight” in new coverage at Morgan Stanley with a
price target of Rs 1500.
Impact: Positive
RPG firm buys 10% in Aussie coal company
Impact: Positive for CESC
ABB India to buy Metsys for Rs. 8.5 crore
Impact: Positive
United Spirits buys 55% stake in Pioneer Distillaries
Impact: Positive
HSIL to raise Rs. 150 crore through QIP
India’s Reliance Power Ltd. and Adani Power Ltd. are among the
31 bidders for a coal mine in Australia, which is worth about $1
billion.
More details http://www.16anna.com
April-Aug Indirect tax revenue up 45% y-o-y
RBI seen lifting rates by 25 bps
Corporate India News
Rural Electrification Corp. may sell as much as $500 million
of bonds in yen or dollars to exploit lower borrowing costs in those
currencies.
Steel Authority of India Ltd. signed a joint venture agreement
with RITES Ltd. to set up a rail wagon factory in the eastern state of
West Bengal. The venture plans to spend 850 million rupees ($18
million) on the factory, which can build 1,500 wagons a year.
Impact: Positive
Tata Steel Ltd. said it exercised an option to buy 80 percent
of the Direct Shipping Ore project of New Millennium Capital Corp.,
Canada.
Impact: Positive
LIC Housing Finance Ltd., the home- loan lending arm of
India’s largest insurer, was rated
“overweight” in new coverage at Morgan Stanley with a
price target of Rs 1500.
Impact: Positive
RPG firm buys 10% in Aussie coal company
Impact: Positive for CESC
ABB India to buy Metsys for Rs. 8.5 crore
Impact: Positive
United Spirits buys 55% stake in Pioneer Distillaries
Impact: Positive
HSIL to raise Rs. 150 crore through QIP
India’s Reliance Power Ltd. and Adani Power Ltd. are among the
31 bidders for a coal mine in Australia, which is worth about $1
billion.
More details http://www.16anna.com
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