Wednesday, April 1, 2009

Stock in the news: Glenmark, M&M, Swaraj ,Firstsource Solutions

US FDA issues warning to Glenmark to stop producing Morphine Sulphate tables (Pain killer drug)
PSU Oil companies to up ATF prices by 10% from today
M&M, Swaraj resolve brand issue, later can use Swaraj name for 2 more years.
Dewan Housing cuts rights issue size to Rs 95 crore from Rs 105 crore
MindTree restructures business into 5 main units
Firstsource Solutions buys back FCCBs worth $16 million
Geodesic buys back FCCBs worth $8.5 million
Nahar Industrial buys back FCCBs worth $9.8 million
Monnet Ispat says warrant holders not to convert 50 lakh warrants
West Coast Paper to invest Rs 1300 crore to increase capacity from 180000 TPA to 320000 TPA
MIC Electronics bags orders worth Rs 22.15 crore
Canara Bank cuts BPLR by 50 bps to 12%: NW18
Vijaya Bank Cuts BPLR By 50 bps To 12.25% From Today
PNB cuts rates on select retail deposits by 50-100 bps on select tenures
Finance Ministry Official Says: Bank Of Maharashtra likely to be recapitalised in August, Govt may infuse over Rs 600 crore


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