Stocks in Action for the day: Punj Lloyd, Piramal Health, Indian Hotels, Mid-day, Deccan, Jagran, HT

• Punj Lloyd promoters let 1 crore-warrant lapse by not opting for conversion into equity at Rs 254/sh (Will forfeit Rs 25.4 crore upfront payment)
• Shikha, Renuka Ramnath may quit ICICI Bank (Both have denied any plans)
• Piramal Healthcare appoints Credit Suisse as advisor for a possible deal (Piramal yesterday again denied any plans of stake sale)
• Exploration companies may get Tax soaps
• Indian Hotels may sell its corporate office in Mumbai; sale may fetch company Rs 60 crore
• NSE to appeal against HC ruling on FT
• Nagarjuna Construction pledge shares questioned
• New FDI policy will not allow round tripping of FDI: Sources
• Government waives import duty on Newsprint ((positive for stocks like Mid-day, Deccan, Jagran, HT))
• Satyam update: Kiran Karnik Says - Bidding process will start before restatement of accounts come in - To get update of restatement of accounts in board meet ((today))
• - Few major clients left; most left after Raju's confession - Satyam sale plan to be finalised in 7-10 days - Alert: Board meeting today
• Exclusive: SICOM Says: - Sold off 5 lakh shares of Maytas Infra shares - Maytas Infra had pledged Rs 40 crore worth shares with company last year - Holding in Maytas shares has fallen from 6.97% to 5%
• Exclusive: Government sources say: Press Notes 2-3 of 2009 to be issued within 10 days
• Sources Say: From NW18: - Government gives RIL list of Urea cos for initial D6 gas supply. - RIL may ink gas supply pact with fertilisers cos by next week - NFL allocated 0.65 mcmd D6 Gas, Tata Chemicals 0.88 mcmd - RCF Allocated 3.05 mcmd D6 Gas, Chambal Fert 1.15 mcmd - Deepak Fertilisers, GNFC Bharuch Unit Not In D6 Gas List
• Finance Ministry source says banks getting recaptialised to get cash
• DGCA writes to all airlines for details on recent fare hikes
• Jet Airways, Go Air rollback hike in fares – BS
• From NW18: Sterlite may close deal to buy out ASARCO in 2 weeks: Sources
• Reliance Infratel: From Sources -In talks with 7 strategic investors for stake sale
• -Had earlier placed 5% stake with Inst investors for Rs 1,400 crore -Likely to sell 5% stake valued at $500 million: sources -American Tower & Crown Castle among likely bidders: sources -Rel Comm says: do not wish to comment on market speculation
• Moser Baer plans to buyback portion of outstanding FCCBs
• Pledge meter:
• -Sobha Developers Promoters Pledged 28.39% Stake
• -Tata Chemicals Promoters Pledged 20.02% Stake
• -Jindal Steel Promoters Pledged 1.65% Stake
• -Punj Lloyd Promoters Pledged 0.25% Stake
• -Dish TV Promoters Pledged 7.17% Stake
• -Dishman Pharma Promoters Pledged 6.44% Stake
• -Pyramid Saimira Promoters Pledged 21.72% Stake
• -Hindustan Motors Promoters Pledged 16.3% Stake
• -Plethico Pharma Promoters Pledged 46.97% Stake
• -Zandu Pharma promoters pledged 50.76% stake
• -Mukand promoters pledged 26.67% stake in co
• -HCL Tech, Colgate, Sasken, Polaris, Maharashtra Seamless, Mysore Cement, JM Financial promoters have not pledged any shares
• RBI allows FIIs to buy further shares of BoB & Union Bank as their holding falls below 20% limit
• Global update: ArcelorMittal Says: -Will maintain production cuts till end of 1st quarter of 2009. -Likely to see technical recovery demand in 2nd half of 2009 -Steel demand likely to fall by only 7-10% in 2009 -To reduce production cuts, steel demand fall to be less than expected -See no further writedowns in inventory; to cut 9000 jobs this year