Thursday, January 1, 2009

Stocks in Action for the day: Kingfisher,ICICI Bank, TCS, NTPC, Elecon Engg & Satyam

Government considering proposal to allow foreign airlines to own 20-25% stake in domestic carrier – ET (Jet & Kingfisher to be in limelight)
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India Inc big guns ADAG, Mahindra BT, L&T Infotech may team up with PEs for Satyam stake – BS

ICICI Bank cuts home loan rates by 50 bps, deposit rates reduced by 0.75%

TCS to bag 2 large outsourcing deal post Citi arm buyout

Reliance Communication GSM Foray
To offer more talk-time for same spend versus other operators
GSM handsets will not be on the books of the company
Unlikely to offer full fledged migration of CDMA users to GSM

State-run oil companies cut ATF prices by 6.8% effective midnight tonight: PTI

Shaily Engineering open offer at Rs 56/sh

Golkunda Diamonds open offer at Rs 12/sh

Century 21st Portfolio open offer at Rs 8.40/sh

Investors cry foul of fund infusion into Chola DBS by other group entities – Mint

NTPC: -2nd 500 MW at Sipat Super Thermal Power Project, Stage-II will commence commercial operation w.e.f. January 01, 2009.
-The commercial capacity of Sipat Super Thermal Power Project, Stage-II would be 1000 MW.

Elecon Engineering receives orders worth Rs 22 crore from Adani Power

Gati has not finalized any acquisition plan with any partner in China yet (ET yesterday reported of acquisition in China)

NMDC has informed the BSE that the merger petition of Sponge Iron India with NMDC has been filed with the Dept of Corporate Affairs on December 23rd

Ex Stock Split: Texmaco : 1: 10

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