Wednesday, January 28, 2009

Stocks in action for the day: Pantaloon, Tata Motor, Satyam, Kingfisher

Indian ADRs: ICICI Bank up 4%, Wipro up 3%, HDFC Bk, TataMotors, Infosys up 1%

Satyam Board
-Appoints Boston Consulting Group As Management Advisors
-To Take Measures To Invite Open Bids
-Adequate Number Of Bidding Interests Have Been Evinced
-Member Says LIC Likely To Give Funding

WNS CEO quits at a time when Satyam is looking for a new CEO

Maruti increase prices by Rs 5000-10000 across models

Tata-JLR in focus: UK govt announces aid package for UK carmakers

Carrefour may tie up with Pantaloon for Indian foray - ET

Tilaiya bids to be opened today - BS

SEBI ask DoCoMo to hike open offer price for TTML - BS (Regulators wants prices to be in line with Tata Tele valuation)

Tudor India promoters accept the discovered price of Rs 70/sh as delisting price (We reported 1st that the discovered price is likely to be Rs 70/sh)

Global Commodity major Bunge in talks with GMR Ind for stake, co looking for sugar manufacturing co in India - ToI ( We should try and get the Indian CEO of Bunge Adiraj Sarin, he says valuations of Indian co are likely to fall further)

Sources Say
-Jet, Kingfisher to get ATF by cash & carry basis
-OMC PSUs Demand Interest On ATF Dues From Jet, Kingfisher
-OMC PSUs To Stop Fuelling ATF By Feb 4 If Int On ATF Dues Not Paid

RelianceInfra says bought back 87.6 lakh shares for Rs 796 cr, to close buyback on Feb 6

Wall Street Finance board approves issue of preference shares promoter to finance overseas acquisitions

5 cr Thomas Cook shares to hit the market ((rights issue))

Alert: Akruti still in NSE F&O curb

Alert: Vijay Mallya to meet Diageo officials today
((Diageo To Buy 13.9% Or 1.39 Cr Treasury Shrs For Rs 1,000-1,200 Cr in United Spirits: Varinder�s deal street))

HOV Services buyback up to Rs 50/sh to open on Feb 2


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