Wednesday, February 4, 2009

Stocks in action for the day: Satyam, Eicher Motor, Balrampur Chini, RPL

Highest bid may be benchmark for Satyam open offer price by SEBI.
Eicher Motors buy back at Rs 691.8/sh (Very Imp, it’s at fixed price of Rs 691.8, CMP Rs 226. This is the same price at with 8.1% stake was sold to Volvo, buy back opens on March 12, closes on March 26)
Balrampur Chini hauled for fudging accounts – (Ministry of Com affairs has begun prosecuting director of co)
Chevron may exit RPL by selling its 5% stake
IT slaps notices to Vedanta for Rs 900 crore and Bombay Rayon for Rs 95 cr for their failure to deduct tax on payments to buy Indian assets.
IDBI plans to merge IDBI home with itself, indefinitely postpones stake sale – ET (After PNB, IDBI now plans to merge its sub into itself, seems they are not finding any buyer for their Sub)
Henkel India puts few non-core brands on the block – ET
Stanchart, DBS, ANZ line up to buy RSB’s India assets valued at around $600m – ET
Huber group pledges its entire 70.5% stake in Mirco inks – ET
Sources Say Rel Comm Likely To Launch Rs 500/month Rural Net Plan Rel Comm's Move Targets BSNL's Dominance In Rural Net Access Rural Net Push To Benefit Rel Comm's VAS Contribution To Revenues. ALERT: Rel Comm's VAS Contribution At 5-10% Of Total Revenues
Home Min Says Takeover Of Indian Firms In Sensitive Sectors Should Not Become Easy: Home Min Says Necessary To Have Adequate Safeguards In Sectors Like Telecom/I&B: Srcs
US SEC Official To Visit SEBI, Satyam Board In Next 2 days: PTI
Mahindra Forgings Chakan plant will work for four days a week instead of six days
Max India bpard approves rights issue of Rs 650 cr; details of issue yet to be decided
Sujana Universal discloses investment of Rs 16.4 cr at Rs 125/sh in Futuretech Industries
Ion Exchange wins Rs 126.3 cr order from NTPC Tamil Nadu Energy Co.
Control Print issues 2.6 lakh equity shares to promotres on a preferential basis
Shiv Vani Oil board empowers Company to buyback any kind of securities
Ex Div: Madras Cement: Rs 1/sh, Power Grid Rs 0.5/sh,


No comments: