Stocks in news:
· Board meetings: IOL Netcom to consider issue of shares / convertible warrants on preferential basis
Opto Circuits on FCCB / GDR / Preferential QIP issue
R Systems on buyback
· Ex-dividend: Anuh Pharma (Rs 8), Banswara Syntex (Rs 1.20), Gitanjali Gems (Rs 1.80), Gujarat NRE (Rs 2.50), GSFC (Rs 4.50), Indusind Bank (60 p), Provogue (Rs 1.75), Selan Exploration (Rs 1.50), Simplex Infra (Rs 2), Subros (80 p), United Phosphorus (Rs 2)
· Sun Pharma: Taro to appeal to Israel’s SC against district courts decision in favour of Sun Pharma
Extends deadline for tender offer till Oct 3
Appeal will be heard in Israeli court before Dec 15
If SC does not decide appeal by Oct 3, will further extend the offer
· New listing: Austral Coke & Projects; issue price Rs 196
· NSG Meet On Sep 4 & 5
· Nuke Deal - Washington Post SaysUS Says Will Scrap N-Deal If India Performs Nuke TestsBush Admin Communicated This To US Congress 9 Months Ago
Details not revealed for fear info will topple Manmohan Singh Govt
US letter says terminating nuke cooperation within US discretion
US letter says supply assurances not legally binding
· Nuke Deal - Indian Govt sources sayCorrespondence a matter between Bush Admin & US CongressCritics sharpening attacks in US; India aware of US policy
Difficult to say if developments will substantively hit NSG waiver
· Nuke Deal: Pranab Mukherjee Says Govt's position is clear
We have unilateral moratorium on testing
· LIC, GIC offers all their shares in Ranbaxy open offer - BS
· M&M likely to sell its 14.04% stake in Swaraj Mazda to Sumitomo- ET
· Tata Motors Suspends work on Nano plant at Singur
Evaluating alternate options for Nano at other co facilities
Preparing detailed plan to relocate plant & machinery to alternate site
Exploring options to absorb people recruited in Singur at other plants
Project's auto ancillary partners have also suspended work in Singur
· Insurance: Ministerial Panel Okays FDI Cap Hike In Insurance To 49%: Govt Src
Hike In FDI Cap In Insurance To 49% To Be Referred To Cabinet: Govt Src
Alert: FDI In Insurance Now Capped At 26%
· UCO Bank's FPO in December, to raise Rs 500-600 cr
· Govt mulls duel pricing for diesel - TOI
· Bombay Dyeing to develop 8-lakh sq/feet property in Mumbai - AGM
· GAIL wants to set up petrochem capacity with investment of Rs 500 cr in 5 yrs - ET
· Archies inks distribution tie-up with UK based Carte Blance products - BS
· Minda acquires German Auto part firm Schenk Plastics for undisclosed sum
· Wipro says have clinched contracts at higher prices
· M&M - NewsWire18 SaysEyeing Tie-ups In SE Asia, Europe For 2-wheelers: M&M
To Launch Automatic Scorpio Model By Dec: M&M
In Talks With Renault For Product Distribution Pact In India: M&M
Aiming Double-digit Sales Growth In FY09: M&M
· Ashok Leyland Aug sales down 20.4% at 4,819 units YoY
· SBI Head Says - from NW18Q2 MTM Loss On Gilt Portfolio Seen Sharply Dn On Qtr
Fall In Gilt Yields Helping Cut MTM Losses This Qtr
· Aditya Birla Aug cement sales down 5.4% t 2.19 mt YoY
· Vijay Mallya says:Deccan has become Kingfisher
Looking at raising equity up to $400 in coming months
· GSS America board approves:Acquisition of a company with revenues of $ 110 m (not to dilute equity for this)ADR / GDR / FCCB / QIP issue up to $ 75 m
Defers issue of shares / warrants to promoters
· Re-listing:Diana Tea ((after consolidation of shares))
Kadvani Securities to resume trading; no circuit filter today
· Apollo Sindhoori open offer to start Oct 23, end Nov 11
· Mukand forms 59:41 JV with Vini Iron & Steel Udyog for captive coal mining in Jharkhand
· Rallis India workers at Andhra Pradesh plant accept VRS, operations at unit discontinued
· 13 cr Deccan Aviation shares to hit the market
Thursday, September 4, 2008
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