WEEKLY MEDIA UPDATE 04 May, 2015 Monday
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Issue 188 WEEKLY MEDIA UPDATE 04 May, 2015 Monday (This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in. This will be e-mailed on every Monday.) Balmer Lawrie in News Balmer Lawrie to double lubricant business in next five years http://www.business-standard.com/article/pti-stories/balmer-lawrie-to-double-lubricant- business-in-next-five-years-115050300110_1.html http://www.livemint.com/Companies/BNxxrKd60xlCKjblMLPsrI/Balmer-Lawrie-to-double- lubricant-business-in-next-five-year.html http://economictimes.indiatimes.com/industry/energy/oil-gas/balmer-lawrie-to-double- lubricant-business-in-next-five-years/articleshow/47137371.cms http://in.reuters.com/article/2015/05/04/idINL4N0XV0LG20150504 http://www.diligentia.net.in/balmer-lawrie-plans-for-balmerol-brand-of-lubricants/ http://in.shafaqna.com/EN/IN/393695-Balmer-Lawrie-to-double-lubricant-business-in-next-five-years Balmer Lawrie plans for 'Balmerol' brand of lubricants http://economictimes.indiatimes.com/industry/energy/oil-gas/balmer-lawrie-plans-for- balmerol-brand-of-lubricants/articleshow/47069614.cms http://www.mydigitalfc.com/news/balmer-lawrie-beef-balmerol-manufacture-305 http://www.indiainfoline.com/article/news-top-story/daily-market-strategy-experiencing- trouble-flat-start-in-offing-115042800279_1.html http://www.sarkaritel.com/balmer-lawrie-announces-its-expansion-plans-for-balmerol- 189794/ http://www.htsyndication.com/htsportal/article/Balmer-Lawrie-announces-its-expansion-plans- for--Balmerol-/7084450 http://m.newshunt.com/india/english-newspapers/financial-chronicle/latestnews/balmer- lawrie-to-beef-up-balmerol-manufacture_38951381/c-in-l-english-n-finance-ncat-latestnews http://www.baseoilreport.com/20152804/balmer-lawrie-looking-aggressively-market- balmerol-brand-lubricants-and-expand-its-distribu Indian economy to grow 7.7% this fiscal India's economy to grow 7.5% in FY'16 year: Reports and 8% by FY'18: World Bank India Ratings expects India's economy to expand The World Bank said on Tuesday that India’s 7.7% this fiscal year, faster than the previous economy seemed to have turned the corner, year's estimated expansion of 7.4%, because of a with outlook improving significantly. It, pickup in private consumption. "A significant however, projected the economy to expand by moderation in inflation and inflationary 7.5 per cent during the current financial year, expectations is likely to boost consumer much lower than the Budget assumption of 8.5 sentiments, albeit gradually," the ratings firm said per cent. In its ‘India Development Update’, the in a news release. India Ratings is an associate of World Bank pegged India’s economic growth global ratings firm Fitch. "Even investment and rate at 7.9 per cent for the next financial year government expenditure would provide adequate (FY17) and 8% for FY18, which are not up to the support to consumption led GDP growth," it said. expectations of the government, but higher than It expects the government's 'Make in India' the International Monetary Fund’s (IMF) initiative to improve 'ease of doing business'. This, projections. While the IMF projected India’s coupled with the successful auction of coal mines, economic growth to be 7.8 per cent even in will push industrial growth to 6.5% in fiscal 2016 2020-21, according to the World Bank, there will from the estimated 5.9% growth in fiscal 2015, it be much faster growth. The Bank warned added. The ratings firm expects the farm sector to against domestic risks — weak banking sector grow 2.1%, but a subnormal monsoon could slow due to bad debts and a slowdown in credit the pace. growth, stuck-up projects, over-leveraged The Economic Times - 28.04.2015 corporate sector, etc. http://articles.economictimes.indiatimes.com/20 Business Standard - 29.04.2015 15-04-28/news/61616325_1_india-ratings- http://www.business- indian-economy-ratings-firm standard.com/article/economy-policy/india-s- economy-to-grow-7-5-in-fy-16-and-8-by-fy- 18-world-bank-115042800453_1.html India to grow 8.4% in FY16: D&B Modi Govt hits peak form to score on ease of doing biz India is expected to clock a GDP growth of 8.4 per cent in the current financial year, spurred by policy Entrepreneurs keen on setting up new reforms, fall in food inflation and lower fuel prices enterprise will be able to incorporate by filling says, a Dun & Bradstreet report. According to the just one form starting Friday against eight research firm, the partial unclogging of domestic separate forms earlier, as a part of the policy logjam, focus on public investments in government’s drive to make it easier to do infrastructure, fall in food inflation and lower fuel business in the country. The corporate affairs prices along with improving income growth is ministry will from May 1 have an integrated likely strengthen aggregate demand. "India's incorporation form to make compliance and economic growth as measured by Gross Value reporting easier and convenient for corporates. Added (GVA) at basic prices to grow by 8.4 per “Name availability, allotment of Director cent in financial year 2016," D&B said in a Identification Number (DIN), company research note. However, downside risks to this incorporation and commencement of business forecasts are fragile and tepid recovery in some will be possible through a single form,” said a developed markets, below normal monsoon, senior corporate affairs ministry official who did direction of FII flows following rate hike by the US not wish to be quoted. The new form, called INC Federal reserve and non-revival in corporate 29, will be available on the ministry’s website. investment. A sectorial analysis shows that the This is a part of the government’s drive to demand for automobiles across the categories is improve India’s ranking on the globally tracked expected to receive a boost, on the back of the parameter of ease of doing business. This is a expected economic recovery in this fiscal. priority area for PM Modi, who has made it Business Standard – 29.04.2015 personal mission to improve India’s score on this http://www.business-standard.com/article/pti- parameter. stories/india-to-grow-8-4-in-fy16-d-b- The Economic Times – 01.05.2015 115042900511_1.html http://www.pressreader.com/india/economic- times/20150501/textview States in race to become more business Govt may set up ETFs as part of friendly; India slips two spots in World disinvestment plan Bank’s ranking The government may set up multiple exchange In a competitive race sparked by the Modi traded funds to sell its shares in state-run as government, states are rushing in measures to well as private companies to give a leg-up to the climb up the first ever ease of doing business ambitious Rs 69,500 crore disinvestment plan in charts being compiled by the Centre. States are FY16, sources said. Besides bringing the second doing their best to cut down on red tape and tranche of the existing CPSE ETF to raise Rs simplify compliance procedures to appear more 5,000 crore, the government may create a business-friendly than rivals to attract second ETF consisting of only PSU shares, while investments. While Maharashtra has reduced the a third will likely be created by pooling in shares number of procedures and time in getting owned by the government in private companies electricity connection, Punjab has exempted 131 such as Hindustan Zinc, Balco, Tata type of industries from pollution consent Communications, IDFC and shares held through requirement. The rankings, on the lines of the one SUUTI, sources told FE. Using an extant CPSE compiled by the World Bank, will be put out by the ETF, which invested in a pool of 10 public sector end of May. "We can already sense competition stocks, the government raised Rs 3,000 crore in among states with most announcing a slew of FY14. The units of this ETF, managed by measures to simplify procedures, be it Goldman Sachs, saw capital appreciation of 40% Uttarakhand, Karnrataka, Punjab or Gujarat," said in the first year after debuting on March 28, a government official. The idea is that Centre and 2014, giving a positive narrative to officials to states need to synchronise their efforts to make push for more ETFs. India an easier place to do business. The Financial Express - 28.04.2015 The Economic Times - 29.04.2015 http://www.financialexpress.com/article/econo http://articles.economictimes.indiatimes.com/20 my/govt-may-set-up-etfs-as-part-of- 15-04-29/news/61652780_1_world-bank-s-land- disinvestment-plan/67427/ bank-business-ranking PSU trio warm up for Rs 6000cr float SCOPE to undertake study on reforms related to PSUs The government plans to sell its stakes in Hindustan Aeronautics (HAL), Rashtriya Ispat Public sector body SCOPE today said it will Nigam (RINL) and THDC India through initial undertake a study on reforms and public offerings (IPOs) to raise Rs 6,000 crore as professionalising boards of public sector part of the divestment programme for this enterprises. SCOPE Chairman U D Choubey said financial year. Besides selling stakes in already while the SCOPE Economic Forum will serve as listed companies, the government plans to divest a think tank, SCOPE shall also undertake an 10 per cent each in the three firms to meet the expert study on reforms and professionalising budget target of raising Rs 69,500 crore through PSEs Board. He said SCOPE will also take special selloffs in 2015-16. The stake sale in HAL was interest in public sector sports, Yoga and originally proposed in 2013-14, while RINL and wellness programmes to enhance the capacity of THDC were part of last fiscal's plan.