Friday, January 30, 2009

Stocks in Action for the day: Satyam, L&T, TCS, Sun Pharma, Idea

Indian ADRs: Satyam down 10%, ICICI Bank, HDFC Bank down 6%, Tata Mot down 5%, Infosys down 2%
Satyam likely to get a new owner in 2 months; BK Modi ((Spice)) envisages interest
L&T seeks management control of Satyam – BS (Department of Company affairs has said in its note)
TCS leads the race for Sony’s $100m outsourcing deal – ET
Sun Pharmaceutical extends tender offer closing date for Taro to March 6
Corus to sell majority stake in teesside cast products business to Marcegaglia and Dongkuk
Idea cuts down Providence deal, now to offload only 16.4% stake as against 20% agreed earlier – BS
Govt issues 6.65% fertilizer bonds worth Rs 6,000 cr to 23 cos
-Bajaj Auto postpones launch of scooter model Blade by over a year to mid 2010
-M&M’s full hybrid vehicle to be launched by late 2011; pushed from 2010 on new technological dvpts
Dolphin Offshore promoters pledged total of 30% stake to SBI & Canara Bank
Bartronics India to sign long term contracts with govt agencies in India & Singapore for potential biz of Rs 5000 cr ((Archi’s deal street))
-To demerge brands division to Arvind Lifestyle Brands
-To demerge retail business to Arvind Retail
Cosmo Films to buy US-based GBC Commercial Print Finishing; co has annual revenues of $100 m
Cadilla Healthcare gets US FDA approval for 3 anti-epileptic drugs
DIPP To CoS: Sources Say: Allow FDI Up To 49% In Airlines Through Automatic Routes
Air India cuts fares again
Govt clears infra projects worth Rs 34000 cr including Chennai metro project – BS
ICI India buy back at max Rs 575/sh, offer opens on Feb 17
Surya Pharma board approves:
-Issue of 47 lakh shares to promoter group co Futuristics Garments
-Issue of shares up to Rs 100 cr in the domestic market ((including rights))
-Issue of ADRs/GDRs/FCCBs up to $50 m
JMC Projects board approves Rs 40 cr rights issue
Indian Hume Pipe says to get Rs 5.3 cr tax refund ((including interest))
Kilburn Engineering board approves buyback up to Rs 3.1 cr up to Rs 40/sh ((CMP Rs 18.60))
Ramco Industries to set up fibre cement product plant with installed capacity of 1.2 lakh MTPA
Ex-dividend: GAIL (Rs 4), SAIL (Rs 1.30)
Board meets:
-Geodesic, Bharat Gears on buyback
New listing:
-GI Engineering ((demerged IT division of Genesys International))
Stocks out of NSE F&O from today:
((no new contracts after expiry, existing contracts to continue))
Ansal Properties, Oswal Chemicals, Bongaigaon, Brigade, Core Projects, J&K Bank, Matrix, NIIT Technologies, Orbit Corp, Parsvnath, Prism Cement, Puravankara, Sterlite Tech, Voltamp, Walchandnagar


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