Friday, January 9, 2009

Stocks in Action for the day: Satyam, Sun Pharma, Punj Lloyd, BOC India, Reliance Capita, Selan Exploration l: OIL MC Pack to be Action

Indian ADRs: Wipro down 3%, Infosys down 1%, ICICI Bank down 1%, Tata Motors up 1%
Note: -Trading on Satyam ADR suspended; no timeframe given for suspension
-BSE, NSE say no plan to suspend share trading 'for now': NW18
Satyam scam: -Stock to be replaced by Sun Pharma in Sensex, Reliance Capital in Nifty from January 12 -Class action suit filed against company in US, auditor may be included after March 9 -Earnings unlikely to be announced on scheduled date of January 16: Srcs
-Citi Bank freezes Satyam’s 30 accounts, other banks also tighten lending to group – ET
-Infosys asks HR to refrain from hiring any Satyam employees – ET
-MCA says: Search & seizure operation covers Satyam & 8 related entities
Satyam client reactions: On NW18 -Telstra reviewing deal with Satyam; may cut IT contractors from 4 to 2: Herald -National Australia Bank reviewing pact with Satyam
-Qantas to monitor Satyam situation on a daily basis
Oil Ministry says LPG prices may be cut by Rs 20-25/cylinder: NW18
Oil Secretary on PSU officers strike: -IOC’s 4 refineries have been partly shut down
-40% BPCL, IOC fuel retail outlets running dry in Delhi, situation in Mumbai worse
Sun Pharma: -Rejects Taro’s proposal, says $15 is way beyond what Taro is worth
-Receives US FDA approval for 4 generic products
RIL denies talk of company suffered huge losses in hedging deals: NW18
Punj Lloyd bags 4 new orders, including 2 worth Rs 1155 crore
BOC India wins 15-year gas supply contract from SAIL, to invest Rs 500 cr in new plant
Government says Dadri can use KG basin gas, first break through in the dispute between RIL-RNRL – ET
Selan Exploration buy back at max Rs 230/sh
Aadi Ind open offer at Rs 10/sh; Austin Engineering open offer at maximum Rs 65/sh
GMR lead DIAL proposes 10% hike in aeronautical charges again – DNA
Avery India open offer opens today ((was to open on December 15))
Board meets: -Axis Bank results
-Chettinad Cement to reconsider proposed 1:6 rights issue
Mastek Q2 Standalone (QoQ)
-Net Sales at Rs 155.44 crore versus Rs 156.74 crore
-Net Profit at Rs 22.98 crore versus Rs 26.15 crore


No comments: