Tata Power files petition challenging govt decision to allow Sasan to share captive coal for other power projects
RBI cuts CRR by 50 bps to 5%, repo rate by 100 bps to 5.5%, reverse repo rate by 100 bps to 4%
SBI picks up 20% stake in Mayfair Hotels through a PE deal
Satyam: -SRSR holdings' stake in company down to 4.4% from 8.27%. -SRSR holdings' 3.14% stake sold via market sale of pledged shares by lenders. -Out of remaining 5.13% stake of SRSR Holdings, 3.25% is with lenders
Cement update: Expect some action in cement sector looking at recovering monthly sales numbers
AV Birla Group December Cement sales up 13.36% to 2.98 mt
Ambuja Cements December sales at 1.62 mt Vs 1.45 mt (YoY)
Monday, January 5, 2009
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