Oil & Gas Round Up - July 09 to July 13, 2012
Bharat Petroleum Corporation Ltd. (BPCL) and LG Chem (South Korea) have signed an MOU today for forming a Joint Venture to set up a petrochemical plant adjacent to its Kochi Refinery complex.
Real Estate Round Up - July 09 to July 13, 2012
IL&FS Engineering and Construction Company Ltd has announced that the Company has been awarded a Turnkey EPC contract by DLF Limited for a value of Rs. 3.94bn for construction of High Speed HUDA Sector Road starting from NH-8 to Sector 55/56 at Gurgaon.
Retail Newsletter - July 09 to July 13, 2012
Reliance Retail has reportedly entered into a back-end joint venture with 2 Sisters Food Group (2SFG) to introduce chilled and frozen foods at its food & grocery outlets.
Consumer Goods Newsletter - July 09 to July 13, 2012
CSIL Milano has classified the Indian furniture retail market as the 14th largest in the world due to rising purchasing power of over 400 million middle class people.
Agriculture Newsletter - July 09 to July 13, 2012
P Chidambaram, Home Minister, has read reports in the media on his response to a question on the burden on a common man due to inflation, at the media briefing in Bangalore yesterday. He is shocked and disgusted by the deliberate distortion of the relevant question and answer.
Metal & Mining Newsletter - July 09 to July 13, 2012
Moody's Investors Service says the outlook for the Asian steel industry is stable, and reflects the slowdown in growth and the expected modest increase in the profitability of regional steelmakers.
Pharmaceuticals Newsletter - July 09 to July 13, 2012
Kerala’s Chief Minister Oomen Chandy inaugurated the state’s first digital mammogram at the reputed Regional Cancer Centre in capital Trivandrum. Health Minister V S Sivakumar and MLA MA Vaheedh were also present for the inauguration.
Telecom Newsletter - July 09 to July 13, 2012
The Telecom Regulatory Authority of India (TRAI) has on Monday (09th July, 2012) released draft regulations on “Standards of Quality of Service for Mobile Data Services Regulations, 2012”
Automobile Newsletter - July 09 to July 13, 2012
BMW Plant Chennai rolled out the 25000th car from its assembly line. Juergen Eder, Managing Director, BMW Plant Chennai said, "It is with great excitement that BMW Plant Chennai rolls out the 25000th car assembled in India.
Infrastructure Newsletter - July 09 to July 13, 2012
Larsen & Toubro today inaugurated its manufacturing facility for switchgear products at Vadodara, on an 18-acre plot adjacent to L&T Knowledge City.
Hotel & Tourism Newsletter - July 09 to July 13, 2012
Foreign Tourist Arrivals (FTAs) during the Month of June 2012 was 4.32 lakh as compared to FTAs of 4.12 lakh during the month of June 2011 and 3.85 lakh in June 2010.
Aviation Newsletter - July 09 to July 13, 2012
SpiceJet is planning to start flights to six new foreign destinations, including Afghanistan, China and Hong Kong, by October-end, according to reports.
IT Newsletter - July 09 to July 13, 2012
TCS has reported Q1 FY13 net profit of Rs. 32.81bn, up 11.4% from the last quarter and 37.8% from the same quarter last year. The company has posted Q1 FY13 revenues of Rs. 148.69bn.
Merger & Acquisition Round Up - July 09 to July 13, 2012
Malaysia-based Tamco Switchgear, a wholly owned subsidiary of Larsen & Toubro Limited and part of the Electrical & Automation (E&A) business, has announced the acquisition of Henikwon Corporation Sdn Bhd.
Banking Newsletter - July 09 to July 13, 2012
HDFC Bank has reported Q1 FY13 net profit of Rs. 14.17bn vs. Rs. 10.85bn recorded in the same quarter of last financial year.
Insurance Newsletter - July 09 to July 13, 2012
Insurance companies have started re-filing traditional products—such as endowment & term plans—to ensure that there is no shortage in the market after October 1, when all products have to be compliant with the new IRDA norms.
Mutual Fund Newsletter - July 09 to July 13, 2012
Mutual funds are allowed to charge various administrative and maintenance expenses annually. A 25 basis points increase in the expense ratio would result in mutual funds’ annual income increasing by as much as 11%.