Monday, January 12, 2009

Stocks for action for the day: Satyam, Unitech, RIL, Sun Pharma & Chettinad Cement

Indian ADRs: Tata Motors down 5%, Infosys, ICICI Bank down 1%, Wipro up 2%

Note: NYSE May Resume Trading In Satyam Today

Satyam scam: -Stock removed from NSE F&O segment, all contracts to expire on Jan 29 -New board constituted: Deepak Parekh, Kiran Karnik, & C Achuthan -New board to discuss change in management today: Sources -Second round of expansion of board likely: Srcs -11 Law Firms Have Filed Class Action Lawsuits Against Co

Exclusive: IL&FS Sources Say: -NIL Holding As On Date Under IL&FS Financial Services/Trust

SEBI says to conduct peer review of the working papers of auditors of Nifty 50 & Sensex 30 companies

Unitech in talks with PSU Banks for Rs 800 cr loan rejig, debt of Rs 2500 cr due for payment in March 09 – ET

ADAG in talks to sell minority stake in insurance distribution biz to UK based THB for Rs 250-300 cr – ET

Oil Min source says Reliance Industries (RIL) to start D6 gas output by Feb-end

Sun Pharmaceutical extends tender offer closing date for Taro to Jan 30

Bajaj Auto to launch new XCD 135 cc bike on Jan 21

Chinese co outbids OVL for acquiring 30% stake in an oil block in Angola – ET

PFC, REC may get to raise Rs 20,000 cr via tax free bonds for power projects – ET

Oracle Fin gets mega deal for ICICI BK to implement its risk management solution Reveleus – ET

Vijaya Bank Cuts BPLR By 50 bps To 12.75% Effective From Today & Central Bank reduces BPLR by 75 bps to 12.5% from today

KLG Systel bags orders worth of Rs 30.60 cr

Elecon Engineering bags order worth of Rs 18.50 cr

Chettinad Cement board calls off rights issue

Indi Media to buy INX News for Rs 50 cr

Board meets: -Exide Industries, FACT, Sical Logistics, South Indian Bank results


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