Indian ADRs: Infosys, ICICI Bank up 2%, Satyam down 4%, Tata Motors down 6%
Exclusive: Sources Say -Fortis Healthcare likely to pick stake in Wockhardt Hospital, deal at over $100 million -Fortis Healthcare says won't react to speculation till deal announced -Wockhardt Hospital refuses to comment
Wockhardt hunts for buyers for French company Negma Labs bought for $275 million in 2007 – ET (Also looking to sell Wockhardt Hospital to Fortis – may also sell stake in Pinewood – Reports)
Upaid seeks Satyam official’s testimony in US for company’s abortive attempt to buy 2 firms linked to founders – ET
TPG may look to acquire Satyam, in talks with clutch of FIIs; may offer a max Rs 250/sh: DNA
ICRA puts Maytas Infra on rating watch with negative implication: NW18
Exclusive: ICICI Bank to announce changes in top management today, Chanda Kochhar likely to be named CEO
L&T puts Rs 250 crore business of petroleum dispensing pumps on close watch; may exit business if outlook doesn’t recover: FE
PTC plans $1 billion offshore funds to finance power projects in India – ET
RIL working on setting up shared service center in a major cost-cutting drive for the group – ET
Dishman plans bond issues as talks to raise $30 million from IFC has failed – ET
Taj, Trident flooded with reservation requests, Taj plans to use Jaguar cars for guest transfer – BS
Gammon eyes acquisition in Africa, Asia to de-risk business– DNA
Parliament panel seeks curbs on auto fuel exports by private refiners to tackle shortage
DoT may recommend penalty on operators for violating license norms
K Sera Sera board approves ADR / GDR / FCCB issue up to $100 million
Downturn continues: -Punjab Tractors says to moderate manufacturing activities at Mohali plant
-Century Enka partially suspends nylon tyre cord fabrics operations due to fall in demand
-Future Group says salaries of executives cut by around 5%
Man Industries board meet on December 26 to consider buyback of FCCBs
Board meets: - Gremach Infrastructure, Country Club to consider rights issue
-Gitanjali Gems Board to consider buyback
-Rei Agro to consider stock split
Ex-bonus: Gujarat Apollo Industries @ 1:2
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