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Indian Stock Market News & Trends


  1. #1
    insight95in is offline eTI Member

    Indian Stock Market News & Trends

    Market News Update

    * TELECOM : 3G services auction is likely to start on 12 Feb v/s 14 Jan, the
    5th postponement is 15 mths

    * POWER : Power Min mulling policy to deny sub critical plants of sub 660mw
    fuel linkages on environmental issues.. BHEL currently enjoys monopoly in dom
    sub critical power equipment mkt

    * CIPLA : in talks with GlaxoSmithkline and Teva to supply generic drugs

    * DR REDDYs : diabetes drug balaglitazone meets phase 3 trial target

    * SUZLON : media rpts Co in talks with PE firms WL Ross & BC Partners for a
    deal to raise $500mn.. Co may be looking to dilute upto 15% stake

    * BOSCH : to invest Rs20bn in India in next 2 yrs, mostly into its auto biz

    * BHARAT FORGE : plans to invest Rs 15bn in its non auto biz over next 3 yrs..
    Funds to be raised partly thru internal accruals & partly thru debt/equity

    * NOVARTIS : to buy 52% stake in eyecare brand Alcon for $28.1 bn.. Co already
    owns 25% stake in Alcon

    * RURAL ELECRTIFICATION : plans to give loans to tune of Rs 150bn by Mar 2010

    * TITAN : plans to triple its topline in five years.. plans to strengthen its
    presence in wedding jewellery mkt & divert focus to small intl watch mkts

    * IOC : plans to acquire 50,000 acres of wasteland in the state of Uttar Pradesh
    for plantation of non-edible oil seeds used for biodiesel production

    * PUNJAB ALKALIES : Punjab state government appoints IFCI as advisor for the
    sale of govt's stake in the Co

    Corporate News – Industry trends

    * Reliance Industries (RIL) raised Rs 26.7bn by selling a part of its
    treasury stock to Life Insurance Corporation of India (LIC), to create a
    war chest to acquire the bankrupt chemicals giant LyondellBasell (BS)

    * JSW Energy, the first company to be listed on the bourses in 2010,
    said it planned to invest around Rs 400bn in developing power projects
    of 8,000 Mw (BS)

    * Indian Oil Corporation, the country’s biggest oil marketing company,
    is looking to acquire 50,000 hectares of wasteland in Uttar Pradesh for
    plantation of non-edible oil seeds used for biodiesel production (BS)

    * GM launches new mini car Beat, expects 40% sales surge this year;
    With the launch of its global mini car, the ‘Chevrolet Beat’, General
    Motors India sees its total sales crossing 100,000 in 2010 from 70,000
    units in 2009 (BS)

    * ONGC Videsh Ltd, the overseas unit of India’s biggest oil and gas
    explorer, plans to raise as much as Rs 3700 mn selling 10-year bonds
    at a coupon rate of 8.54%, according to data compiled by Bloomberg

    * Dr Reddy's Laboratories said on Monday phase III clinical trial for its
    anti-diabetic molecule balaglitazone, being conducted by Danish firm
    Rheoscience, had achieved the set parameters. (DNA)

    * Reliance Industries Ltd (RIL) has proposed to invest an additional
    US$1.5 bn in bringing to production four gas discoveries adjoining its
    prolific gas fields in the Krishna-Godavari basin on the country’s east
    coast (BS)

    * Larsen & Toubro has bagged an order worth Rs 9870 mn from GNFC
    for setting up a gas generation plant at Gujarat. The company received
    an order from GNFC for setting up a 1,120-metric-tonne-per-day
    ammonia equivalent, natural gas-based synthesis gas generation plant
    at Bharuch, Gujarat in June 2012 (BS)

    * Bharat Forge, the flagship company of the US$2.4-bn Kalyani Group,
    commissioned on Monday a new ring rolling facility at its Centre for
    Advanced Manufacturing at Baramati in Maharashtra, as part of its
    foray into non-auto products (BS)

    * BHEL has set a target of US$10 bn sales turnover by the year 2012
    from the current US$5.5 bn in 2008-09 (BS)

    * Suzlon Energy Ltd announced a second order of about Rs 1620 mn
    from ITC Ltd, for setting up 21 MW wind turbines in Maharashtra and 6
    MW in Karnataka (BL)

    * Construction firm Sadbhav Engineering has bagged an order worth
    Rs 4900 mn from the National Highways Authority of India to construct
    a fourlane highway in Hyderabad (BS)

    * Marico Ltd has acquired Colgate-Palmolive Company’s hair-care brand
    ‘Code 10’ in Malaysia on Monday. (DNA)

    * Cadila Healthcare Ltd could well be the first Indian company to
    launch the H1N1 vaccine in India. It expects to bring its vaccine in the
    market by April 2010. (DNA)

    * Lanco Infratech Ltd said it has won three contracts worth Rs 21bn.
    The contracts include supply, services and construction work by its unit
    Lanco Kondapalli Power Pvt Ltd for expansion of power project at
    Kondapalli in Andhra Pradesh (BS)

    * Bosch of Germany will invest Rs 20bn in India between 2010 and
    2012, of which a lion's share will go into its automotive business (BL)

    * Mahindra & Mahindra, embodying the trucks made by the company's
    joint venture with Navistar Inc of the US – signalled M&M's entry into
    the medium and heavy commercial vehicles segment in the country

    * Jindal Steel & Power has raised its bid for Rocklands Richfield of
    Australia by another 8%, matching the $0.56 per share offer of Meijin
    Energy for the 4.8 lakh tonne coking coal maker. (DNA)

    Economic/Regulatory development

    * The central government, which has stepped up efforts for the
    blending of ethanol in a 5% proportion with petrol, has threatened to
    blacklist ethanol manufacturers if they fail to supply the commodity to
    oil marketing companies (BS)

    * India’s domestic oil product sales in November 2009 grew 3.7%
    from that in the same month a year ago, driven by higher demand for
    auto fuels, government data showed (BS)

    * As part of measures to curb price rise, the Planning Commission has
    mooted the idea of encouraging formation of pulses growers'
    federation which will trade on commodity futures exchanges; the
    commission seems to believe such a trading plan will rein in price rise

    International trends

    * Swiss drugmaker Novartis wants to buy the rest of the world’s biggest
    eye care firm Alcon for US$39.3 bn, including Nestle’s majority stake,
    to help it diversify away from prescription drugs; Novartis said it was
    exercising an option to buy a 52% stake in Alcon from Nestle for
    US$28.1 bn, boosting its holding to 77% after it bought an initial 25%
    stake from the world’s largest food group in 2008 (BS)

    * German engineering products maker Robert Bosch GmbH plans to
    invest Rs20 bn in its India operations over the next three years,
    seeking to tap an expanding market for automobile components in
    Asia's third largest economy. (Mint)

  2. #2
    priya0710 is offline eTI Iron
    Nifty, sensex and bank nifty closed on negative note today. Stocks of NTPC, ACC are among top market gainers today as they outperformed in market.For framing a wise trading strategy it is required to keep a good track record of market updates.

  3. #3
    jittusurya is offline Just in!
    Yes this is really good. proya0710

    I am interested in " Corporate News Industry trends " Nice inforamation for me.

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