Stocks in news: Ranbaxy, Hero Honda, Sterlite Tech

Stocks in news:

ECBs
-Government revises ECB norms for core sector to $500 million versus $100 million earlier
-Interest rate cap on ECBs of over 7 years raised by 100 bps
-ECB limit on non-core companies remains unchanged at $50 million
-Over $100 million ECB for core companies must be atleast for 7 years
-Infrastructure companies can raise 7-year loans at 450 bps over LIBOR versus 350 bps
-Only triple A Infrastructure companies can raise ECBs under current rules: L&T
-More ECB relaxations for core sector being mulled: MoF Source

Ranbaxy says:
-Shares tendered in open offer exceeded 20% size
-Excess shares in physical form to be refunded to shareholders by September 23
-Yet to receive certain approvals for the open offer

Canadian regulator now issues notice to Ranbaxy, company's 2 units under scrutiny - Mint

Hero Honda: To launch 3 bikes by early next month; to include new CBZ, Pleasure; may also have new 125cc bike: Sources

Tata Motors to roll out 3 Nano variants next month - ET

SBI says no plans to purchase Lehman's India assets: PTI

Sterlite Technologies in talks to acquire UK based Brand-Rex for $55 million - ET

Reliance Infra pulls out of Jaipur project to develop 143 km - BS

Karuturi Global to sell 15% stake in Dubai arm to raise $100 million - BS

UK based Hedge Fund Children's Investment Fund planning legal action against Vedanta for its recent restructuring in India - ET

Bharti gives Akhil Gupta stake in tower company - ET

Balaji Tele signs exclusive content production deal with Sun Network - BS

Maytas Infra bags 2 power projects worth Rs 480 crore from Maharashtra

Lanco Infratech gets construction order from Andhra Pradesh worth Rs 308.98 crore

Mirc Electronics board approves amalgamation of Guviso Holdings with itself

BPL board meet on September 26 to consider issue of securities on preferential basis

Tribhuvan Housing open offer at Rs 28.75/sh

Board meetings:
South Indian Bank to consider record date for 1:4 bonus issue (already approved)

Ex-split: Take Solutions in No-delivery period (out on Sep 25)

Ex-split: Era Infra & Gemini Comm in No-delivery period (out on Sep 24)

Re-listing: Simplex Mills, Simplex Papers to resume trading; no circuit filter today (after scheme of arrangement)

46.47 cr Idea Cellular shares to hit the market (preferential issue)