March 6, 2012 — Pragmatic Investments
Siemens said it has bagged Rs 130 crore order from Maharashtra State Electricity Distribution Company
Rural Electrification Corporation tax free bond issue to be open today, which will raise Rs 3000 crore.
RCom in a consortium led by IT firm HCL Infosystems have bagged the Rs 300 crore contract for Aadhaar
Tata Communications plans to raise $2bn loan for Cable & Wireless Worldwide bid
IDBI Bank launches India’s first online retail G-Sec portal
Titan to expand eye-wear outlets to 250
CNG rates up 5% in Delhi; IOC, Bharat Petroleum and others mull raising petrol prices by Rs 5/lt
60 cos may lose licence for going slow on coal blocks
Axis Bank said it has raised $500 million (about Rs 2,250 crore) through bonds to fund its overseas expansion.
Govt bans cotton exports with immediate effect
HSBC’s Business Activity Index for Services fell to 56.5 in February from 58.0 in January.
Jaguar Land Rover, Chery await ‘okay’ for $2.8 bn China JV
March 5, 2012 — Pragmatic Investments
Infosys to set up Rs 100-cr development centre in Nagpur
Aditya Birla Group to up R&D spend to 1% of revenues
Govt counters RIL charges on natural gas pricing
Realtors seek relaxation in FDI, ECB norms in the forthcoming Budget for 2012-13
Power Grid likely to get Rs 1,980 cr from IFC
LVMH arm L Capital Asia to put Rs 750 crore in Raymond Apparel
MRPL plans to cut its annual import deal with Tehran by as much as 44 pc
Power companies to up tariffs 33 per cent due to rise in cost
MCX plans post-Holi listing on BSE, possibly on March 9
ACC to add 5 mtpa capacity in next 3 years
RIL hikes stake in EIH to 18.53 per cent, buys 3.73 per cent for Rs 192 crore
Govt to miss sell-off target by Rs 26,000 crore
China sets 2012 economic growth target at 7.5 pc
Putin Wins Vote but Faces More Friction With Opponents
March 3, 2012 — Pragmatic Investments
Hero MotoCorp of India in Talks With Bankers on Possible Ducati Purchase
GMR Power wins Rs 537-crore payment case against Tamil Nadu Electricity Board
Kingfisher misses deadline, more accounts frozen
Cipla receives Rs 424 cr demand notices from NPPA
REC board okays raising Rs 3,000 cr via tax-free bonds
IDBI Bank to raise Rs 5,294 cr from share sale
Delhi govt asks R-Infra to pay Rs 129-cr tax
L&T has bagged new orders valued at about Rs 1,306 crore across various business segments in Feb.
LIC pumped in Rs 12,000 cr to buy 400 mn ONGC shares
Rs 25,000-cr support approved for railways in FY13 Forex reserves grew by $1.61 billion to $296.05 billion for the second consecutive week on the back of a rise in the core foreign currency assets.
Moody’s downgrades Greece after debt deal
EU to speed up bailout fund payments
March 1, 2012 — Pragmatic Investments
Walmart to sell Hero bicycles worldwide.
DLF was conned out of Rs 291 crore by Hyderabad based top builder.
Bata India net profit rose by 30.99% to Rs 45.05 crore for the fourth quarter ended December 31, 2011, over the same period previous year.
Muthoot Finance today said its Rs 500-crore bond issue, the third this fiscal, will hit the market on Friday.
Oil companies hiked jet fuel price by 3.2% on the back of firming up of international oil rates.
LIC and IIFCL are expected to acquire stakes in the government’s ambitious $100-billion Delhi Mumbai Industrial Corridor project, an official said today.
Bajaj Auto said it is recalling “some” of its motorcycles to address the problem of faulty starter motor.
Sun Pharmaceutical Industries has got an approval from US Food and Drug Administration for its abbreviated new drug application, Olanzapine orally disintegrating tablets.
BGR Energy wins NTPC deal for super-critical boilers.
Govt’s fiscal deficit breaches annual target in January.
Standard Chartered Profit Reaches Record $4.75 Billion.
ECB hands out $712 billion in low-interest loans to banks.
US companies and businesses are keen to invest in India, particularly in infrastructure, energy and healthcare sector.
February 29, 2012 — Pragmatic Investments
Bosch reported 30.7% rise in net profit to Rs 1,122.6 crore for 2011
Essar Shipping said it has inducted a new vessel in its diversified fleet, as part of $one billion capital expenditure plan
LIC has sold about 2% stake in Tata Global Beverages for Rs 161 crore over 19 months starting August 2010.
Tata Consultancy Services has bagged a contract from South Africa’s Nedgroup Insurance Company for deploying its financial services platform
Govt approves 5% ONGC share sale through auction
Orchid Chemicals & Pharmaceuticals said it has redeemed outstanding overseas securities worth $167.64 million (over Rs 820 crore) on the due date
Shasun Pharmaceuticals said its board has approved to sell 11.9% stake to US- based healthcare investment firm OrbiMed for Rs 50 crore
RBI to meet bankers today on NPAs
Forex reserves dip $10.5 bn in Sept: RBI
Japan industrial production increased more than forecast, adding to signs that the world’s third-largest economy may return to growth this quarter
February 28, 2012 — Pragmatic Investments
Mallya considering 49% stake sale in Whyte & Mackay
Bajaj Auto recalls Pulsar220 to fix faulty part
West Bengal government would not grant any SEZ status to Infosys as sought by it in line with the Trinamool Congress stand on the issue
Bank strike today, normal services may get affected
Jaiprakash Associates said its shareholders and creditors have approved the hiving off of the cement business
Gitanjali Gems is close to acquiring a jewellery retail company in China and hopes to announce a deal in the next 2-3 months
DLF will soon launch a luxury housing project in Gurgaon with an expected sales realisation of about Rs 700 crore
Tata Capital, in collaboration with private sector lender Axis Bank, have launched Tata Travel Card to provide travel and forex related services
Domestic steel consumption in the first 10 months of the current fiscal grew by 5.5%
FinMin asks banks to change fund transfer process
Global banking giant HSBC Holdings Plc today posted a 28% jump in its net profits
February 27, 2012 — Pragmatic Investments
Vedanta to merge Sesa Goa, Sterlite to create $20 billion entity
BHEL’s exit from Udangudi Power depends on government’s offer
Hindustan Construction Company in talks with lenders to refinance Rs 4347 cr debt
Madhucon Projects has received a Rs 422 crore EPC order from Bharat Coking Coal
Bandhan Financial Services plans to sell Rs 500 crore worth of farm loans to IDBI Bank
NMDC to appoint 3 agencies for due diligence of stake buy
ONGC spending Rs 26,000 cr on 10 oil clusters
NTPC to invest Rs 24,000 cr in Andhra thermal power plant
India Inc’s profit to rise by 9.4% in Q4: CMIE
Govt may use 25% disinvestment money to revive sick units
G20 moves to line up $2 trillion rescue deal in April
Greece would face steep inflation, massive wage cuts and the destruction of currently healthy businesses if it quits the euro
World Bank to China: Free up your economy or bust
February 24, 2012 — Pragmatic Investments
Tata Steel has sought shareholders’ permission to increase its borrowing limit by 25% to Rs 50,000 crore.
IDFC Private Equity (PE) Fund will invest Rs 150 crore in Jaipur-based Staragri Warehousing and Collateral Management.
Ranbaxy posts Rs 2983 crore Q4 loss
Raymond snaps up auto component maker Trinity for Rs 54 crore
Citigroup to Exit India’s HDFC With $2.1B Sale on Friday
Aventis Pharma Q4 net dips 66% to Rs 36 cr
BPCL, Videocon riding high on gas find in Mozambique
Gitanjali Gems increases focus on jewellery retail business
Jet Airways and Jetstar Airways announced an interline agreement between India and Jetstar destinations across Asia Pacific.
Adani to consolidate under three verticals
Priority gas to power, fertiliser sectors: EGoM to take call today
US jobless claims hold steady at 4-year low
February 23, 2012 — Pragmatic Investments
DLF, the country’s largest realty firm, has sold 350 flats worth about Rs 500 crore in a luxury housing project in Gurgaon
RCom signed final definitive agreements with three Chinese banks for refinancing its outstanding debts of about Rs 5,825 crore.
Allahabad Bank, Punjab National Bank to sell 5% shares each to Life Insurance Corporation for Rs 2000 crore
Kingfisher Airlines has to pay Rs 40 crore dues in indirect taxes by March 31
Hero MotoCorp joins hands with Erik Buell Racing
RIL challenges Sebi order in takeover norm violation case
Bhushan Steel fixes rights issue price at Rs.335
Government may reduce gas supply to non-priority sectors
The government has formally allowed local airlines to import jet fuel directly
U.S. Existing Home Sales Rise to 4.57M in January
JPMorgan, Citi, BofA sued for $949 mln by Sealink
February 22, 2012 — Pragmatic Investments
Sesa Goa set to merge with Sterlite Industries
Govt. mulls action against RIL for fall in KG-D6 output
India’s inflation based on consumer price index (CPI) rose to 7.65% in January, according to the first official nationwide retail inflation data, released on Tuesday.
Telenor dumps Unitech, to form new Indian venture
ONGC disinvestment: EGoM to meet on Feb 24
Bank of India would issue 70 million fresh equity shares on preferential basis to the government of India and Life Insurance Corporation of India (LIC).
Reliance Industries has finalised a joint venture with Sibur, Russia’s largest petrochemical company, to set up a butyl rubber plant in India.
Rural Electrification Corp has received the Finance Ministry’s approval to raise Rs 3,000 crore through issue of tax-free bonds this fiscal.
Govt to raise GBS by 16% to Rs 5.12 lakh cr for FY13
German retail giant metro unveils big plans for India.
European finance ministers approved 130 billion euros ($173 billion) in aid for Greece.