Stocks in Action for the day: Wipro, Unitech, Amrutanjan for up while Satyam, Tata Steel, Pyramid Saimira for down

Stocks in action on News: CMC, IBN18, IVR Prime, Sobha Developers, & WWIL to be removed from NSE F&O
Indian ADRs: ICICI Bank down 7%, HDFC Bank down 5%, Tata Motors down 4%, Wipro up 2%

Kamal Nath says second stimulus package likely in next 2-3 days: PTI

Exclusive: -Unitech looking to sell 26-40% equity at Rs 60-65/sh: Sources
-Alert: Unitech asking for valuation of approximately Rs 10,000 crore
-Unitech talking to a clutch of investors: Sources

Unitech seeks buyers for Orissa Sponge stake: BS

Wipro -To buy Citi's India tech arm for $127 million in cash; deal to close by March 09
-To sign master service agreement with Citi for 6 years
-Pact for at least $500 million in service revenues

World Bank admits to debarring Satyam for 8-years due to data theft: FOXNews.com

Satyam’s independent directors say they were kept in dark about the World Bank deal

Tata to pump £670 million into Jaguar Land Rover: Dailymail.co.uk

Sources Say: -Auto Component Manufacturers Association Members meet Kamal Nath
ACMA's demands: -Emergency fund be set-up for Auto Component Manufacturers
-Fund to come into play in case any of the US big 3 fails -Emergency fund could be as big as Rs 300-400 crore: Sources

Government issues oil bonds worth Rs 22,000 crore to 3 PSU OMCs

CRISIL downgrades Tata Steel ratings to ‘AA/FAA+’

Dr Reddy's settles Clarinex drug dispute with Schering Corporation & Sepracor Inc

SEBI says inquiring into dealing in Pyramid Saimira post press reports

NSE finds “Bugs” in Financial Tech software – ET (Both NSE and Financial Tech are fighting ever since FT got approval for currency futures)

Tata’s, GMR, L&T in race for 60 NHDP projects – ET

Essar withdraws Jamnagar SEZ plan – BS

GMR consortium may be allowed to levy an airport development fee – DNA

French company set to acquire 49% stake in ABG Infralogistics port handling business.

Punj Llyod bags Rs 304 crore Common wealth Games order from Delhi Government

Downturn continues: -DCB may shut most of its retail asset business
-Mahindra Ugine reduces working shifts from 3 a day to 1 or 2 -Mahindra Forgings to shut Chakan plants for 5-10 days -MphasiS asks Noida employees to either relocate to a low cost location or quit: ET

Amrutanjan buyback opens today; offer of up to Rs 450/sh ((CMP Rs 348))

Supreme Petrochem says buyback not to open today ((was to offer up to Rs 14/sh))

PBA Infrastructure bags 2 orders worth Rs 48 crore

Shri Lakshmi Cotsyn board approves: -Issue of 30 lakh warrants on preferential basis to promoters & strategic investors -Increasing Fusible Interlining division capacity by 10 million meters to 22.5 million meters

Vivimed Labs board approves acquisition of Har-met International Inc

Era Infra bags order worth Rs 9.6 crore from BHEL

Board meets: -Fortis Healthcare to consider rights issue
-Vardhman Textiles to consider buyback of FCCBs
-Wall Street Finance to consider overseas acquisitions

Ex-bonus: Compucom Software @ 1:1