BOR: Stocks in action for the day: Unitech, Suzlon, HDIL, Ranbaxy, Spanco

Unitech board approves: -Increase in paid up capital by up to Rs 200 crore -Issue of up to 227.5 million warrants @ Rs 50.75 to promoters ((CMP Rs 71.25))

Suzlon: -Promoters to sell 60 million shares via block deal today: -Promoters expect to raise around Rs 550 crore.

Future Group -: -Carrefour, Future Group in talks to strike alliance -Investments may come into Future Fashion Merchandise

HDIL Q4 (QoQ): -Revenues up 16% at Rs 388 crore versus Rs 334 crore (QoQ) -Net profit down 18% at Rs 62 crore versus Rs 75 crore (QoQ) HDIL board approves raising $600 million via QIP, issue of warrants to promoters

Edelweiss Capital Q4 Consolidated (QoQ): -Net sales at Rs 180.08 crore versus Rs 198.53 crore -Net profit at Rs 40.93 crore versus Rs 38.13 crore

Malvinder Singh steps down from Ranbaxy with immediate effect, Atul Sobti is new CEO

Global Results: Taro Q1CY09 YoY -Net sales up 8% at $85 million versus $78 million -Net Profit up 47% at $11 million versus $ 7 million -EPS at $ 0.27 versus $ 0.19

Matrix Labs delisting offer at Rs 150/sh opens today ((CMP Rs 167))

Satyam says 4 Tech Mahindra arm nominees appointed on board effective June 1

L&T CEO says company still looking at selling medical equipment unit

Bajaj’s low cost bike pegged at Rs 20-24k

Crompton Greaves eyes overseas acquisitions

Spanco to issue 1 crore shares to promoters at revised price of Rs 40 versus Rs35/share before ((CMP Rs 51))

Era Infra bags two new orders worth Rs 199 crore