Wednesday, January 7, 2009

Stocks in Action for the day: Tata Steel, Satyam, RIL, Tata Power

Indian ADRs: Tata Motors up 7%, ICICI Bank up 5%, Satyam up 4%, Infosys up 2%
PM Panel Head says don't expect RBI to put cap on reverse repo
Sources say: -6 CMDs of PSU Oil companies issue joint appeal for withdrawal of strike
-CMDs warn officers of severe actions including dismissal from services -Alert: Oil Sector Officers' Association to strike work from today despite court orders against it
PSU officers strike not to hurt Jet fuel supplies: Oil Secretary: NW18
Satyam: -SRSR Holdings' stake down to 3.6% from 5.13% in company
-Out of balance 3.6% of SRSR stake, 1.7% is pledged with lenders
IL&FS Trustee has sold 2.45 crore pledged Satyam shares
Exclusive: Sources Say -Satyam Chairman B Ramalinga Raju is on ISB executive board
-Satyam has made donations & contributions over time to ISB -SEBI probing if this violated corporate governance norms in 'Spirit'
Exclusive: National Security Council: -Raises questions on rationalisation of FDI in broadcasting, telecom -Seeks clarity on proposal for 74% FDI in infra for broadcasting
NewsWire18 Says: -Tata Steel Oct-Dec Crude steel output up 17% at 1.5 mt (YoY)
-Tata Steel Oct-Dec Hot metal output up 23% at 1.7 mt (YoY)
-Tata Steel Oct-Dec Steel Product sales down 14% at 1.07 mt (YoY)
OVL raises Rs 5000 crore to fund OVL buy – ET
RIL forced to stop Iran gasoline sales – BS
Tata Power plans to sell cross holding to raise Rs 2000 crore
IT department attaches Pyramid Saimira bank accounts to recover outstanding amount of Rs 26.59 crore – ET
KKR may exit Aricent, sounds out Wipro, TCS, Tech Mahindra for buyout; valuations a stumbling block – ET (Aricent formally known as Flextronics Software)
Ashok Leyland (YoY) -December total sales down 63% at 2,321 units, domestic sales down 74% at 1420 units
Government likely to remove export duty of Rs 8,000/t on basmati rice: Sources ((Stocks in focus: KRBL, Kohinoor Foods))
Indiabulls releases 3.6% pledged shares of Akruti City
Chettinad Cement board meet on January 9 to consider calling off proposed 1:6 rights issue
Fabindia buys 25% in Upmarket womenwear retailer EAST – ET (Unlisted co)
Ex-split: State Bank of Mysore from Rs 100 to Rs 10
Ex-bonus: Gee @ 1 :5


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