Tuesday, January 27, 2009

Stocks in Action for the day: Satyam, L&T, TCS, Wyeth, Unitech

Indian ADRs: Satyam up 11%, Infosys up 2%, HDFC Bank, Tata Motors up 1%, ICICI Bank down 1%

Alert: Credit policy today

Exclusive: Sources Say: -SEBI To Focus Only On Nifty & Sensex Cos For Peer Audit Review; Other Cos In 'Second Phase'. -Peer Audit Of Working Papers Of Fin Statements To Start Post Q3 Results

L&T hikes stakes in Satyam from 4.48% to 12.04%; acquires additional 7.56% stake in open market purchases at avg price of Rs 34.5/sh; stake hike attempt to secure board seat

Sources say BNP Paribas among banks likely to give credit line to Satyam

Caterpillar looks to terminate Satyam contract, may move to TCS – ET

Govt extended repayment date by 6 months under the farm loan repayment scheme – BS

DoT invites bids for number portability – ET

Telenor says Deal With Unitech Wireless Will Close In Q1CY09, Not In January; Subject To Certain Conditions Being Fulfilled

Unitech Approaches Govt To Give An Exception To Raise Approx Rs 5,000 Cr: FIPB Sources

Pfizer To Buy Wyeth For $68 Bn In Cash & Stock: CNBC

Temasek, GIC may face 10% cap – ET (Finmin proposes agreement between Indian and Singapore be amended)

Tatas to slash 5,000 jobs at Corus, JLR: PTI

Sterlite: -Says Still In Talks With Asarco, Courts; Keen To Acquire At Right Price
-Has utilized only 40% of Rs 10,000 cr raised via ADR and rights issue 4 years ago – BS

RIL likely to start production at KG basin by March end: Sources

MRPL to review retail plans as Govt plans to deregulate fuel prices – BS

NTPC board approves investment of Rs 6231 cr in Rihand Super Thermal Power Project in UP

Indiabulls Securities board meet on Feb 2 to consider buy back

IVRCL Infra says promoters have not pledged any shares

IDBI Bank defers decision to sell IDBI Home Finance ((Dewan Housing was frontrunner))

Ban on Chinese toys may be permanent as govt considering set of mandatory standards – ET (Chinese toys have a 60% market share) Hanung Toys likely to be focus (Govt had already slapped a 6 month ban on Chinese toys)

Sobha Developers board meet on Jan 31 to consider fund raising

SBI subsidiary SBI Factors to be merged with another subsidiary Global Trade Finance

M&M: -To launch micro-hybrid version of Xylo and all other models by Dec 09
-Buys Back FCCBs Worth $4m At Discount

ONGC-Mittal to pay $80 m for 25% stake in Kazakh oilfield: PTI

HCL Tech Says Will Start Conducting A Twin Audit On Quarterly Basis

Everest Kanto board approves: -Investment of Rs 6.2 cr to buy majority stake in a Kolkatta-based co; buyback of FCCBs

Austin Engineering buyback up to Rs 65/sh to open today ((CMP Rs 50))

KLG Systel board approves buyback of FCCBs up to $16 m

SI Group board approves delisting proposal

Alert: Akruti still in NSE F&O curb


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