Thursday, March 5, 2009

Stocks and sectors in the news

ICICI Bank likely to cut deposit rates shortly:

HPCL in talks to run RIL’s petrol pumps

US based ICT rejects Aegis’ $132m offer for takeover

Kingfisher in talks with Arik Air to lease aircrafts

Novelis to close UK aluminium sheet mill on significant decline in orders:

Canara Bank to offer home loan at fixed 8.25% for 1st year and 9.25% from 2-5th year

Essar Oil board approves merger of 100% subsidiary Essar Oil Vadinar with itself

Areva T&D bags order worth Rs 60 cr in Rajasthan

Elder Pharma Promoters Pledged 8.20% Stake

Board meets: -Aksh Optifibre to mull hiving off manufacturing ops into separate co -Pearl Global to mull delisting from BSE, NSE -ITD Cementation results-Kinetic Engineering on issue of shares on preferential basis

Government may allow share swap with foreign cos to facilitate M&A activity hampered due to credit crunch

Goldman may sell NSE stake, wants out of PE investments

BJP, Congress get funds from business houses, top on the list include AV Birla (Rs 21 crore) to Congress and Sterlite (Rs 10 crore) to BJP: DNA

Bosch Q4 (YoY): -Net sales down 12% at Rs 974.4 crore versus Rs 1107 crore
-Other income at Rs 72 crore versus nil -Net profit down 24% at Rs 94.2 crore versus Rs 124.4 crore


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