Monday, March 30, 2009

In News: Bharti, Idea, Aircell, TVS Motor, Usha Martin & Tata Motors

Telecom Update: -DoT may look into segment wise revenues of Bharti, Idea, Aircell among others: -Telecom companies booking higher revenues under long distance as it attracts lower license fee: DoT -Alert: DoT already conducting similar audit of Reliance Communication: Sources Stake sale for new telecom licensees to be eased.

TVS Motor board approves investment of Rs 89 cr in new subsidiary

Usha Martin cancels 3.85 cr warrants not exercised for conversion

Sinclairs Hotels open offer at Rs 172/sh ((CMP Rs 168))

Phoenix Yule to buy Andrew Yule’s 26% stake in JV

IL&FS raises Maytas Infra stake to 14.5% through invocation of pledge shares and off-market transactions

Tata Motors plans truck unit in Myanmar

Board meets:
-Zandu Pharma on corporate restructuring
-Abbott India, Advanta India, Jindal Saw results
LSE in talks with MCX-SX to pick up equity stake.

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