Headlines 7 January 2015 Auto / Auto Ancillaries · Toyota targets 1.1 mn vehicle sales in China this year, after missing 2014 goal(Source: The Economics Times) · Dunlop India not a fit case for takeover, says Chandan Mitra (Source: The Economics Times) · Parliament nod to Motor Vehicles Bill likely in next session: Nitin Gadkari (Source: The Economics Times) · Car prices soar on 4% hike in excise duty(Source: Business Standard) · General Motors India raises prices by up to Rs 61,000 (Source: Money Control) Banking & Finance · Dena Bank plans to raise Rs 10 bn from bonds (Source: The Economics Times) · Punjab National Bank revises interest rate on FDs by up to 0.5 per cent (Source: The Economics Times) · Sanlam to up stake in Shriram Life to 49% (Source: The Hindu Business Line) · Bank of Baroda to raise Rs. 10 bn (Source: The Hindu Business Line) Cement / Construction / Infrastructure / Real Estate · Omkar Realtors in talks with KKR arm to raise Rs 4 bn (Source: Mint) Energy / Oil & Gas · Adani Power fails to seal Lanco Infratech deal within December deadline (Source: The Economics Times) · Electricity (Amendment) Bill 2014 may be delayed (Source: The Economics Times) · With no takers, GAIL again postpones LNG tender date (Source: The Economics Times) · Reliance Industries in race to supply diesel to Railways (Source: The Hindu Business Line) · ONGC bets on Russian shale to save Imperial Energy acquisition (Source: Mint) Metals & Mining / Engineering & Capital Goods · Brace for power cut as Coal India workers start five-day strike (Source: The Economics Times) · Coal strike: Production halts at over 60 per cent Coal India units (Source: The Economics Times) · Coal industry strike: PSPCL fears coal supply to be hit (Source: The Economics Times) · Next fiscal, CPSEs may be asked to borrow more to fund projects (Source: The Hindu Business Line) Information Technology / Telecom · Limited 3G auction raises fear of fierce bidding (Source: The Economics Times) · Non-core revenue to arrive at AGR to calculate licence fee: Trai (Source: The Economics Times) · All available spectrum put up for sale; govt may raise around Rs 800 bn: Ravi Shankar Prasad (Source: The Economics Times) · Telecom regulator Trai recommends reducing USO levy to 3 per cent (Source: The Economics Times) · HC rejects Enforcement Directorates plea against Tech Mahindra in attachment case (Source: The Economics Times) · DoT for 15-yr tax holiday for domestic mobile manufacturing, lower VAT (Source: Business Standard) · DoT panel for higher 3G base price than recommended by TRAI (Source: Business Standard) Pharmaceutical / Fertilizer / Healthcare · Apollo Hospitals acquires Nova Speciality in Rs 1.45 bn deal (Source: The Economics Times) · Jubilant gets USFDA nod for generic anti-hypertensive tablets (Source: The Economics Times) · Arvind Remedies workers at Kakkalur unit go on strike (Source: The Economics Times) · Patent Office sets aside earlier order granting patent to Abbotts Humira (Source: Business Standard) · Lupin launches generic Diovan tablets in US (Source: Business Standard) · Aurobindo Pharma gets USFDA nod for generic anti-hypertension drug (Source: The Hindu Business Line) FMCG / Retails / Hotels · Godrej Consumer acquires South Africas Frika Hair (Source: The Economics Times) Others · Sebi seeks clarification on Videocon D2Hs Rs 700 crore IPO (Source: The Economics Times) · SpiceJet deadlock continues (Source: Business Standard) · Inox Leisure-Satyam Cineplexes deal gets no-objection from NSE (Source: Business Standard) · Eros International forays into Malayalam market with Life of Josutty (Source: Business Standard) Economy / Policy · Services PMI slips on slowdown in fresh orders (Source: The Economics Times) · 2015 to see lower rates to support growth; 1st cut in February: BofA (Source: The Economics Times) · Government to rush to meet fiscal deficit goal (Source: The Economics Times) · Budget 2015: Lower corporate tax, higher spend on India Incs wishlist (Source: The Economics Times) · FDI medical devices policy to come into effect from Jan 21 (Source: Business Standard)
Posted on: Wed, 07 Jan 2015 03:37:37 +0000
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