Stocks in Action for the day trade: JP Associates & Suzlon in action while Nava Bharat Ventures for up.

Indian ADRs: Satyam up 5%, MTNL up 9%, ICICI Bank, HDFC Bank, Wipro down 4%
Jaiprakash Associates: -Okays merger Jaypee Hotels, JP Enterprises, JP Cement, & Gujarat Anjan with self -Jaypee Hotels shareholders to get 1 JP Associates share for 1 held
Bajaj group settlement Bajaj Hindusthan
-Rahul Bajaj acquires 29.20% stake from all family members in inter-se transfer at market price
-Rahul Bajaj takes his stake in company to 29.41%, transaction will take place on December 30
-Shishir Bajaj to acquire 29.62% from Rahul Bajaj & other family members at zero cost on December 30
-Shishir Bajaj’s stake in company will increase to 32.47% post the acquisition
Unitech says some prospective buyers have shown interest in hotel properties; no deal concluded yet
Carlyle and TPG keen to pick up stake in Suzlon: Agencies
Single brand retail firms will be allowed to dilute stake in JVs to PE Firms – ET
Jet Airways may buy stake in GRM promoted MRO facility in Hyderabad – ET
Germany’s Merckle family may have to surrender 53% stake in Heidelberg to a group of banks ((Heidelberg owns 54.89% in Mysore Cement))
Parsvnath says in process to acquire land for 11 SEZs: NW18
Nalco, Rak Minerals in pact for aluminium project in Indonesia
Nava Bharat Ventures buy back at max Rs 170/sh (CMP: 121.95)
Board meets: -Anil Products on ADR/GDR/FCCB/QIP/rights issue
-Shri Lakshmi Cotsyn on expansion of fusible interlining capacity
Ex-dividend: ONGC (Rs 18/sh)