Stocks in action: Satyam, Jet Airways, Simplex & BHEL

Indian ADRs: Satyam up 4%, Tata Motors down 5%, ICICI Bank, Infosys down 4%
(Satyam price before news of board meet being deferred)
Lok Sabha elections in April/May. PTI
Satyam defers buyback meet; to consider issues incl dilution of promoter stake on Jan 10
Exclusive: Satyam Promoter Stake Pledge. SRSR Holdings pledged entire stake over a period of time since Sep '06. SRSR Holdings is the promoter company of Ramalinga Raju Satyam Promoters say institutions may have sold stake to cover margin calls
SRSR Holdings had 5.57 cr shares amounting to 8.27% stake Alert: Total promoter shareholding on Sept 2008 stood at 8.6% stake
3G auction process deferred by 2 weeks; last date for application likely around Jan 20:
IBM, Accenture & Capgemini likely suitor for Satyam – ET
Jet Airways to cut fares by 15-40% from today, raises Rs 1000 cr from banks
Kingfisher Airlines To Cut Air Fares From Jan 1
Simplex bags order to construct 2 commonwealth stadiums for Rs 75 cr
Suzlon’s 1800 cr rights issue cleared 2 months after the co suspended the plan
Jindal Power to raise the capacity at the Chhattisgarh plant, plans to raise Rs 7000 cr
BHEL bags Rs 5040cr contract from Jindal Power for the same
Hind Zinc raises the price of zinc by Rs 1800/tonne to Rs 63400/tonne
PSU banks told to shed SLR, lend more – ET
Reliance retail set to offer big discount to drive up footfalls and beat slowdown – ET
ICICI BK likely to cuts rates by 50-75 bps by Jan – ET
US Co Travaxo wins case against Ajanta Pharnma, preventing from selling eye drop under brand name Travaxo in India – ET
SRK promoted Red Chillies finalises comedy sitcom with NDTV imagine – ET
Core Projects may acquire US based Princeton UK 12 for $25-30m – ET
Rolta to buy US IT consultancy firm – ET
Tata Power to buy 2000 MW from spice – ET
23 brokers opt to exit BSE derivatives biz since Oct as prices correct 90%, volumes hit a low of Rs 85 lakh vs Rs 1500 cr – BS
Tilaiya UMPP bids to be opened today – BS
Board meets: Dhampur Sugar audited results for year ended Sep
Ex-event: Cadila (demerger of consumer products division into Carnation Nutura)
Alert: to be removed from BSE-500, BSE Mid-Cap, & BSE Healthcare index