as govt looks to ease fuel constraint
Mumbai: Asian markets are trading mixed. According to Bloomberg, investors are waiting for more economic data from China. US stocks closed higher on Friday. S&P 500 rose 0.5% to 2,007 as lower-than-estimated jobs data fuelled bets the Federal Reserve won’t rush to raise interest rates in a hurry. Read more. The government plans to spend Rs.75,600 crore to supply electricity through separate feeders for agricultural and rural domestic consumption, reports Mint.
This outlay also includes expenditure towards an integrated power development initiative, which involves strengthening sub-transmission and distribution systems. Keep an eye on Bharti Airtel Ltd. According to The Economic Times, the
company may reach an agreement on the sale of its telecom towers in Nigeria for more than $1 billion in three weeks. State Bank of India (SBI) prepared a three-year schedule for raising the share of its international business in the
balance sheet to 25%, reports Business Standard. Currently the share of overseas business stands at 18%, the report says. Oil and Natural Gas Corp. Ltd (ONGC) is betting big on Krishna Godavari basin block’s crude oil reserves, reports Mint. The block, which is yet to start production, is estimated to see a peak production of up to 70,000-90,0000 barrels per day. Coal India Ltd (CIL) is planning to take steps to clear supply bottlenecks, including augmenting output to 615 million tonnes (mt) by fiscal 2017, reports PTI. The company dispatched 353.83mt of coal to the power sector in fiscal 2014.
Mahindra and Mahindra Ltd (M&M) is looking to strengthen its presence in the automobile industry through
alliances with global auto majors, reports The Economic Times. According to the report, the company is exploring alliance opportunities with Swedish carmaker Saab and Peugeot Citroen of France. National Buildings Construction Corp. Ltd (NBCC) may see some action. Air India Ltd is likely to enter into an agreement with the company to help monetise its assets, reports The Economic Times.
Apollo Hospitals Enterprise Ltd plans to open 12 hospitals in the next three years, reports PTI. The expansion entails an investment of Rs.2,032 crore, the report adds.
NHPC Ltd has told the Union power ministry that it may report a loss in the current fiscal year, reports Mint. Failure to start construction of the Lower Subansiri project, delay in payments by the Jammu and Kashmir government and low
tariff will have an Rs.988 crore impact on NHPC, the company reportedly told power ministry. The planned merger of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) is likely to take place by July next year, reports PTI. BSNL offers services in the entire country except Delhi, Mumbai. MTNL provides services in these two
zones. Lastly, Rajiv Rattan, founding chairman of Indiabulls Power Ltd, will invest Rs.360 crore through preferential shares in the company, reports Mint. This investment is at a 30% premium to the company’s Friday closing price of Rs.9 per share on BSE.
by;
md.aquil alam
iimt college of management
source; live mint
Mumbai: Asian markets are trading mixed. According to Bloomberg, investors are waiting for more economic data from China. US stocks closed higher on Friday. S&P 500 rose 0.5% to 2,007 as lower-than-estimated jobs data fuelled bets the Federal Reserve won’t rush to raise interest rates in a hurry. Read more. The government plans to spend Rs.75,600 crore to supply electricity through separate feeders for agricultural and rural domestic consumption, reports Mint.
This outlay also includes expenditure towards an integrated power development initiative, which involves strengthening sub-transmission and distribution systems. Keep an eye on Bharti Airtel Ltd. According to The Economic Times, the
company may reach an agreement on the sale of its telecom towers in Nigeria for more than $1 billion in three weeks. State Bank of India (SBI) prepared a three-year schedule for raising the share of its international business in the
balance sheet to 25%, reports Business Standard. Currently the share of overseas business stands at 18%, the report says. Oil and Natural Gas Corp. Ltd (ONGC) is betting big on Krishna Godavari basin block’s crude oil reserves, reports Mint. The block, which is yet to start production, is estimated to see a peak production of up to 70,000-90,0000 barrels per day. Coal India Ltd (CIL) is planning to take steps to clear supply bottlenecks, including augmenting output to 615 million tonnes (mt) by fiscal 2017, reports PTI. The company dispatched 353.83mt of coal to the power sector in fiscal 2014.
Mahindra and Mahindra Ltd (M&M) is looking to strengthen its presence in the automobile industry through
alliances with global auto majors, reports The Economic Times. According to the report, the company is exploring alliance opportunities with Swedish carmaker Saab and Peugeot Citroen of France. National Buildings Construction Corp. Ltd (NBCC) may see some action. Air India Ltd is likely to enter into an agreement with the company to help monetise its assets, reports The Economic Times.
Apollo Hospitals Enterprise Ltd plans to open 12 hospitals in the next three years, reports PTI. The expansion entails an investment of Rs.2,032 crore, the report adds.
NHPC Ltd has told the Union power ministry that it may report a loss in the current fiscal year, reports Mint. Failure to start construction of the Lower Subansiri project, delay in payments by the Jammu and Kashmir government and low
tariff will have an Rs.988 crore impact on NHPC, the company reportedly told power ministry. The planned merger of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) is likely to take place by July next year, reports PTI. BSNL offers services in the entire country except Delhi, Mumbai. MTNL provides services in these two
zones. Lastly, Rajiv Rattan, founding chairman of Indiabulls Power Ltd, will invest Rs.360 crore through preferential shares in the company, reports Mint. This investment is at a 30% premium to the company’s Friday closing price of Rs.9 per share on BSE.
by;
md.aquil alam
iimt college of management
source; live mint
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