Archive for August 13th, 2008
Posted by Yogesh on Wednesday, 13 August, 2008
Investment in Glenmark, which has unique products and a promising R&D programme will yield handsome returns for the long-term investor.
A robust research pipeline, niche therapeutic focus and geographical expansion should help Glenmark Pharmaceuticals continue to post steady revenue growth and healthy margins over the next few years.
A highly successful strategy of monetising its research pipeline coupled with a focus on the global markets and value added branded generics has helped the company grow at an annual rate of nearly 50 per cent over the last eight years and touch revenues of about half a billion dollars in FY2008. Read the rest of this entry »
Posted in Stock Recommendation | Tagged: Glenmark Pharmaceuticals | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
MUMBAI, Aug 13 – SEBI, India’s capital markets regulator said on Wednesday it would cut the timeline of rights issues and change the pricing rules in light of volatile markets, and said it had made no further decisions on participatory notes.
The time period of rights issues to qualified institutional buyers will be cut to 43 days from 109 days, and may be cut even further, Securities and Exchange Board of India Chairman C.B. Bhave told a news conference.
Following are highlights from the briefing:
Read the rest of this entry »
Posted in Market View | Tagged: P-notes, Right issue, SEBI | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
MUMBAI, Aug 13 – India’s capital markets regulator SEBI may extend the deadline for unwinding stock market investment instruments known as participatory notes which were banned last October, a newspaper said on Wednesday in an unsourced report.
The Securities and Exchange Board of India may extend the period for unwinding participatory notes, or P-notes, on underlying derivatives from 18 months to 24 months, the Business Standard daily said. Read the rest of this entry »
Posted in Market View | Tagged: P-notes, SEBI | 1 Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
NEW DELHI – India’s economic growth is likely to slow to 7.7 percent for the fiscal year that started April 1, due to the drag of higher food and oil prices and tightening in credit and equity markets after the U.S. subprime crisis, a government report said Wednesday.
Read the rest of this entry »
Posted in Indian Economy | Tagged: Growth | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
MUMBAI (Thomson Financial) – New York-listed LDK Solar Co. Ltd. said it has signed a five-year agreement to supply multicrystalline solar wafers to India-based XL Telecom & Energy Ltd.
The contract will commence in the first quarter of 2009 and will extend through 2013, the company said in a regulatory filing. Source CNBC
Posted in Corporate News | Tagged: Agreement, XL Telecom & Energy Ltd | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
LONDON, Aug 13 (Reuters) – India’s Tata Steel signed a joint venture deal on Wednesday to build an integrated steel plant in Vietnam at a cost of $5 billion. Tata Steel, the world’s sixth largest steel company, said in a statement it would build the plant with a capacity of 4.5 million tonnes in three phases with Vietnam Steel Corp. (VN Steel) and Vietnam Cement Industries (Vicem). Read the rest of this entry »
Posted in Corporate News | Tagged: steel plant, Tata Steel, venture | 1 Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
MUMBAI (Thomson Financial) – India’s edible oil imports in July fell to 532,456 tonnes, from 548,908 a year earlier, and non-edible oil imports rose to 38,939 tonnes from 32,688 tonnes in July 2007, according to The Solvent Extractors’ Association of India.
But vegetable oil imports between May and July fell 14 percent year-on-year to about 1.53 million tonnes, the Read the rest of this entry »
Posted in Indian Economy | Tagged: edible oil | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
MUMBAI (Thomson Financial) – India-based Amtek Auto Ltd. said it has formed a joint venture with U.S.-based forged metal components maker FormTech Industries LLC to set up a manufacturing facility for Hatehur Hot Forgings for automotive applications in India and Europe.
No financial details were provided.
Read the rest of this entry »
Posted in Corporate News | Tagged: Amtek Auto | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
NEW DELHI, Aug 13 – India added 6.42 million mobile users in July in its GSM-based telecom networks, an industry body said on Wednesday, accelerating the pace of user growth from the previous month.
Handsets costing as low as $15 and call rates as low as 1 U.S. cent a minute have helped India to become the world’s fastest-growing market for wireless services and the second-largest market for such services after China. Read the rest of this entry »
Posted in Sector Spotlight | Tagged: Telecom Sector | Leave a Comment »
Posted by Yogesh on Wednesday, 13 August, 2008
NEW YORK, Aug 13 – Vornado Realty Trust VNO.N and Reliance Industries Ltd , India’s largest public company, are teaming up to build and operate shopping centers in India, the U.S. real estate investment trust said on Wednesday.
Each company will contribute up to $250 million to the 50-50 joint venture, which will build large shopping centers, some surpassing 1 million square feet, and be anchored by hypermarkets that Reliance will own and operate. Read the rest of this entry »
Posted in Corporate News | Tagged: Reliance Industries, venture, Vornado | Leave a Comment »
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