Showing posts with label SECTORS ALERT (03.04.2013). Show all posts
Showing posts with label SECTORS ALERT (03.04.2013). Show all posts

SECTORS ALERT (03.04.2013)


* CONGLOMERATES: The Tatas might restructure the boards of two group holding companies--Tata Sons and Tata Industries.

* EXCHANGES: Former World Bank President James Wolfensohn-owned investment firm will buy 0.5% stake in National Stock Exchange for 900 mln rupees.

* INFRASTRUCTURE: Asian Development Bank has signed a $252-mln-loan deal with the government for improving rural roads in Assam , Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal . The National Green Tribunal has stayed the 20-bln-rupee Aranmula private airport project in Kerala, which is being developed by Anil Ambani-backed KGS Group.

* PHARMACEUTICALS: Fitch Ratings has said emerging markets will continue to be the growth drivers for multinational pharmaceutical giants for some years.

* PORT: Cabinet Committee on Economic Affairs has approved the extension of the existing container terminal at Visakhapatnam port on Design, Build, Finance, Operated and Transfer basis for a period of 30 years.

* POWER: Power distribution company, Noida Power Co, has made an unusual demand that tariffs be raised 100% this year.

* REGULATORY: SEBI has disposed of cases against four companies--EVERLON SYNTHETICS, SHAKTI PRESS, SHREEJAL INFO HUBS, and VARDHMAN CONCRETE--for not obtaining SCORES authentication. SEBI is at an advanced stage of investigation into allegations that Principal PNB Asset Management had mis-sold mutual fund schemes three years ago.

* SUGAR: The Cabinet Committee on Economic Affairs has deferred a decision on decontrol of the sugar sector.

* TAX: The income tax department is embarking on a massive hiring drive, and plans to recruit 19,000 officers at various levels.