Thursday, December 18, 2008

Stocks in news: Patel Engg, India Info, Titan, Tata Power

Indian ADRs: Satyam up 50%, Wipro, Infosys up 3%, Tata Motors up 4%, ICICI Bank down 3%

Second Stimulus Package to be announced next week; to target housing, construction automobiles infra sectors: Sources

Patel Engineering consortium bags irrigation project worth Rs 3,859 cr in Andhra Pradesh

India Infoline buyback offer up to Rs 43.20/sh opens today

Thomas Cook rights issue priced at Rs 35.50/sh; ratio 35:100

Airline companies to cut fares by 10%: ET

FIPB sets aside L&Ts objection to German company Ralf Schneider to set up wholly owned company – BS

Titan Industries to spin off engineering division into JV firm – BS ((Division has topline of Rs 75 crore))

Tata Power forms 74:26 JV with IOC to set up coal-based power plant in Orissa

Lupin settles patent dispute with Schering-Plough over Desloratadine tablets, can sell the generic version from July 2012

Silverline Tech may dispose one American subsidiary due to adverse market conditions

Board meets:
-K Sera Sera on ADR / GDR / FCCB issue
-Compact Disc on setting up gaming development & publishing studio

allvoices

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