BOR: Stocks in action for the day: Bharti, L&T, Ranbaxy, Karnataka Bk, HCC

Bharti: Sources -Bharti has huge headroom to accommodate FDI (foreign direct investment)-Company can issue more equity to investor -Bharti-MTN deal fully compliant with all FDI norms-No change required in any policy or law -Bharti committing 36% in total of fresh capital in deal-Issuance of Bharti shares well within limits Exclusive: Sunil Mittal may be appointed executive chairman of Bharti-MTN merged entity

Satyam:-5,000 of 10,000 employees in Satyam likely to get laid off-Employees on bench likely to be in the scanner-12,000 Satyam employees on bench currently Satyam says:-No official number has been stated at this point Information is speculative.

Karnataka Bank Q4 -Net profit up 36.79% from Rs 60.78 crore to Rs 83.14 crore
-NII down 30.87% from Rs 118.29 crore to Rs 81.77 crore-Other income up 163.49% from Rs 54.48 crore to Rs 143.55 crore-Provisions at Rs 9.05 crore versus Rs 25 crore

Dishman Pharma FY09 YoY: -Net sales up 32% at Rs 1062.36 crore versus Rs 803.07 crore-OPM at 24.6% versus 19.03%-PAT up 22% at Rs 146.19 crore versus Rs 119.71 crore-Other operating income up at Rs 4.76 crore versus Rs 1.3 crore

Uttarakhand stops L&T’s singoli-bhatwari project ((Co working in 99MW hydel Lower project))

Ranbaxy may take $50 million hit on delay in supply of key ingredient to UK based AstraZeneca to make Nexium

HCC board approves Rs 1,500 crore equity / GDR / FCCB issue

Dolphin Offshore inks JV with US Company for deepwater offshore services

Bank of Baroda cuts rates on some deposits by 25-75 bps from May 27

LIC Housing board meets on June 1 to mull QIP, share issue on preferential basis

HCL Infosystems bags Rs 240 crore orders from BSNL

GHCL board approves merger of wholly owned subsidiary Colwell and Salmon with itself

Board meets:

Ansal Housing on preferential issue

Man Industries on issue of warrants to promoters on pref basis

In T2T from May 29: Ceat, Emkay, Four Soft, Global Vectra, ITI, Subex, Tata Metaliks