DAILY SECTORS ALERT: 15.06.2012<http://incomedesk.blogspot.in/2012/06/daily-sectors-alert-15062012.html>
* FERTILIZERS: Manufacturers have raised prices of other nutrient products for the current kharif season, even as the government has deferred raising urea prices. * HOSPITALITY: South African company, Mantis Collection has entered into a joint venture with ICS Group to develop and operate boutique luxury hotels in the Indian sub-continent and in South East Asia . * INFORMATION TECHNOLOGY: Government has said it will do away with complex multi-level system of tax deduction at source for the information technology sector from Jul 1. * INSURANCE: A source said Life Insurance Corp of India paid 6.38 bln rupees as advance tax in Apr-Jun against 5.85 bln rupees paid in the same quarter a year ago. * LOGISTICS: Indian Railways has rolled back a rise in haulage charges for pig and sponge iron movers. * MEDIA: Sony Pictures Television, a wholly owned arm of Sony Pictures Entertainment, is in a pact to buy 32% stake of Grandway Global Holdings and Atlas Equifin in Multi-Screen Media for 15 bln rupees. * OIL: India is looking to raise crude oil purchases from other countries to diversify sources of oil imports to strengthen energy security. * PHARMACEUTICALS: Tata group owned drug discovery and services firm, Advinus Therapeutics is in talks with a few foreign companies to either sell out completely or to sell its new molecule research business. Privately-held German pharmaceutical company, Boehringer Ingelheim and US-based Eli Lilly have received approval to market oral diabetes drug Tradgenta, used to treat type-2 diabetes. * POWER: Power distribution companies in Delhi are looking for another hike of 20% in power rates in less than a year. There was a 21% rise in power rates in Delhi in September. * REGULATORY: Reserve of India Deputy Governor K.C. Chakrabarty said India has a contingency plan to deal with any crisis emerging from Europe . * TELECOM: Department of Telecommunications has offered to reduce the reserve price for spectrum in the upcoming 2G mobile telephony spectrum auction, if telecom companies agree to match the auction-determined price for their frequencies over the remaining life of their licenses. Srei group promoted Quippo has made a 30 bln-rupee bid for the tower business of Bangladesh 's second largest telecom operator, Banglalink. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
