Stocks in News:
- Bajaj Auto will lead the three-way global alliance with Renault-Nissan for the US$3,000 small car project.
- Reliance Retail launches its first wellness store in Hyderabad.
- Genpact beats Firstsource to bag Citigroups’ captive BPO operations.
- Goldman Sachs and Macquarie to buy 40% equity in PTC Financial Services, the investment arm of PTC India.
- Hindujas plan to sell 10% of its equity holding in Ennore Foundries.
- GMR Infra to bid for airport projects in East Europe.
- Wockhardt to launch Asia’s first recombinant human insulin- Wosulin in US and Europe.
- RPG group plans for a major restructuring and reorientation of operations with Rs150bn infusion.
- NTPC plans to acquire overseas coal mines to meet demand.
- GAIL plans to foray into gas pipeline construction business.
- Gujarat State Fertilizers and Chemicals has set a capex of Rs5bn.
- BEML has bagged Rs11.4bn contract from Delhi Metro Rail Corporation.
- Government set to ask companies to issue shares to foreign investors within a fixed period.
- DoT unlikely to allocate 1900MHz in 3G play to CDMA players in the near term.
- Government seeks 50% cut in bound rates on industrial goods.
- The Group of Ministers have finalized the proposed Rs7.3bn crop insurance scheme for tea, rubber, tobacco and spices.
- Planning Commission proposes to set up a National Electricity fund to enable generate resources for improving the power distribution network in the country.
- The Model Production Sharing Contract has incorporated the Empowered Group of Ministers (EGom) recommendation on gas pricing in its seventh round of the NELP.
Kalpesh Patel
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