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

Market Buzz: 24-02-2012

Market Buzz

  • 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

Market Buzz: 23-02-2012

Market Buzz

  • 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

Market Buzz: 22-02-2012

Market Buzz

  • 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.