Market Buzz: 06-03-2012

Market Buzz

• 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

Market Buzz: 05-03-2012

Market Buzz

• 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

Market Buzz: 03-03-2012

Market Buz

• 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

Market Buzz: 01-03-2012

Market Buzz

• 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.

Market Buzz: 29-02-2012

Market Buzz

• 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

Market Buzz: 28-02-2012

Market Buzz

• 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

Market Buzz: 27-02-2102

Market Buzz

• 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