Thursday, January 29, 2009

Stocks in Action for the day: Satyam, L&T, Asian Paints, Rel Power

Indian ADRs: Satyam up 10%, ICICI Bank up 15%, HDFC Bank up 8%, Tata Motors up 6%
SEBI to go in appeal against court order seeking to quiz Satyam, Raju
Fidelity arm acquires 1.71 crore (2.5%) of Satyam shares from open market
Institutional investors demand rotation of auditors, SEBI may consider L&T proposal for open offer relaxation on February 2 meeting – ET
Asian Paints says promoters have pledged 1.4 cr shares or 14.98% stake to lenders
Rel Power bags 4000 MW Tilaya project, put in a bid at Rs 1.77/unit – Reports
Unitech promoters may sell 12% stake in Orissa Sponge Iron to Bhushan Steel
JLR to get lion share of UK’s 2.3bn pound package – ET
BAIN, Carlyle eye Aditya Birla Insulators, co had put its non core asset on the block
Adani plans to merge SEZs – BS
3G spectrum allocation referred to GoM, further delays expected
Fuel Price Cut: Petrol Prices Cut By Rs 5/l, Diesel Prices Cut By Rs 2/l, LPG Prices Cut By Rs 25/cylinder
OMCs mulling to stop ATF supplies to Kingfisher by midnight for payment defaults
MTNL says expects tax refund of Rs 510 cr
Mindtree says promoters have pledged 1.01 lakh shares or 0.78% stake
IBN18 Broadcast to acquire 43.4% stake in Viacom18 Media from TV18 subsidiary B K Holdings for $62.5 m ((stake will go up to 50%))
Bang Overseas board approves investment in 50:50 JV with Aquarelle International
WS Industries promoters not to convert warrants on fall in share price, forfeit initial 10% payment
Autoline Industries bags orders worth Rs 20.5 cr
Alert: Akruti still in NSE F&O curb
Ex-dividend: NTPC (Rs 2.80), India Info (Rs 2.80)

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