Merger & Acquisition Round Up - 06 May to 09 May, 2013
Wipro Limited announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest USD 30 Mn in the company, which is privately held and headquartered in Jersey City, NJ.
Agriculture Newsletter - 06 May to 09 May, 2013
To augment the number of covered godowns with Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) and also the State Warehousing Corporations (SWCs), the Government is implementing the Private Entrepreneurs Guarantee (PEG) Scheme. Under the scheme the private entrepreneurs can also construct godowns.
Automobile Newsletter - 06 May to 09 May, 2013
Tata Motors is planning to raise S$300-400mn via Singapore debt market, according to reports.
Aviation Newsletter - 06 May to 09 May, 2013
SpiceJet is up by 5% on Monday morning session trade on the Bombay Stock Exchange after news came out that Big Bull Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala went shopping for 25 lakh shares of the no frills airline Spicejet for Rs. 9.73 crore. The stock was picked up at Rs. 39.94 a-piece in the block deal that happened on Friday.
Pharmaceuticals Newsletter - 06 May to 09 May, 2013
Sun Pharma Advanced Research Company Ltd announced receipt of a Complete Response Letter from the U.S. Food and Drug Administration (FDA) on its New Drug Application (NDA) for Levetiracetam Extended-release Tablets, 1000mg and 1500mg, an anti-epileptic product.
Infrastructure Newsletter - 06 May to 09 May, 2013
Sanghvi Forging & Engineering Ltd, one of the top engineering and forging companies in India announced that it has bagged orders worth Rs. 50mn.
Consumer Goods Newslette - 06 May to 09 May, 2013
Colgate-Palmolive released its 2012 Sustainability Report titled, Giving the World Reasons to Smile. This annual report details Colgate’s long-standing commitments, achievements and challenges to sustainability and social responsibility around the world.
Metal & Mining Newsletter - 06 May to 09 May, 2013
The Minister of Steel, Beni Prasad Verma has said that Iron ore and steel are in deregulated sector. Prices of iron ore and steel are fixed by the individual companies based on commercial prudence and general market condition.
Oil & Gas Round Up - 06 May to 09 May, 2013
Cairn Energy PLC (Cairn) has announce a farm-in as Operator to two licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries, and six adjacent licensing option blocks. The acreage covers an area of 2,753km2 with more than 500km2 of 3D seismic and will provide locations for Cairn’s frontier drilling programme.
Hotels & Tourism Newsletter - 06 May to 09 May, 2013
The new generation of business executives, entrepreneurs and leisure travellers now have a hotel brand tailored just for them with Vida Hotels and Resorts by Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties.
IT Newsletter - 06 May to 09 May, 2013
Wipro Limited announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company.
Future of the state run telecom companies BSNL and MTNL will be decided in a Group of Ministers (GoM) meeting on May 10. Finance Minster P. Chidambaram headed GoM will make recommendations for revival of the loss making public sector telecom companies.
Retail Newsletter - 06 May to 09 May, 2013
Unilever plc’s announcement to increase stake in its Indian subsidiary to 75% implies that the wheel has turned a cycle and we are back to the starting point. In the 70s, under the government pressure, most MNCs, who wanted to continue operations in India, had to offer shares to public and get listed.
Real Estate Round Up - 06 May to 09 May, 2013
DLF launches institutional placement programme for 8.1 crore shares, according to reports. The pricing is yet to decided. DLF promoters have to cut stake to comply with SEBI norms, reports stated.
Mutual Fund Newsletter - 06 May to 09 May, 2013
Mutual funds reported net outflow of Rs. 1.08 trillion in the month of March 2013 compared to net inflow of Rs. 35.84 billion in February 2013, according to the latest SEBI (Securities and Exchange Board of India) data.
Insurance Newsletter - 06 May to 09 May, 2013
SBI General’s Health Insurance Policy is a location based health plan wherein the premium is based on the probable location of treatment to be availed by the customer.
Banking Newsletter - 06 May to 09 May, 2013
The Reserve Bank of India (RBI) will soon come out with its clarifications on issuing licences for more private sector banks, Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha on Tuesday.