Wednesday, January 21, 2009

Stocks in Action for the day: Satyam, Maytas Infra, Radico Khaitan..!!!

Indian ADRs: Satyam down 8%, ICICI Bank down 13%, HDFC Bank down 11%, Infosys down 6%
-SEBI Bd To Likely Make Disclosure Of Pledged Shrs By Promoters Mandatory
-SEBI Board To Discuss Progress On Satyam Investigation
-Alert: SEBI Board Meet Today On Satyam, Pledged Shares Of Promoters
3G Policy Likely To Be Taken Up By CCEA On Jan 23: Sources
Steel Secy Says No More Scope To Cut Steel Price Unless Costs Come Down: NW18
RoC Report:
-Discrepancies in annual reports of Maytas Prop and Maytas Infra
-Investments & loans by Maytas Prop, Maytas Infra far in excess of statutory limits
-Diversion of funds between Satyam, Maytas Prop & Maytas Infra
Satyam update:
-L&T believed to have evinced interest to buy Satyam: PTI
-Maytas Properties Says Did Not Get Or Use Satyam Funds For Land Buys: NW18
-IDBI says have exposure of Rs 300 cr to Maytas, which is fully secured
-TR Prasad's Report Blaming Satyam External Auditor Submitted To CLB: Sources
-Krishna Palepu Resigns As Non-executive Dir Of Dr Reddy's
DLF In Restructuring Drive To Integrate Functions Of Biz Verticals, Will Lead To Downsizing: Srcs
Radico Khaitan promoters looking to sell 26% stake, Pernod Ricard, Bacardi likely partners – ET
Govt mulls “Golden Share” in PPP projects
Tata Motors cash flow may fall to Rs 500 cr for the year end 2008-9 – BS
PC Gupta says Educomp accounts will be probed
Cabinet Sec to consider 49% FDI in domestic airlines this week – BL
From NW18: Rice ((stocks in focus: KRBL, Kohinoor Foods))
-Govt Scraps Export Duty On Basmati Rice: Kamal Nath
-Govt Lowers Basmati Export Floor Price To $1,100/t: Kamal Nath
IIFCL Head Says Co's Rs 2,500 Cr Taxfree Bond Issue Fully Subscribed
GSS America board meet on Jan 29 to mull buyback
Piramal Glass board approves 7:2 rights issue of up to Rs 200 cr at Rs 30/sh ((CMP Rs 43))
Alert: Akruti still in NSE F&O curb.


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