Tuesday, June 2, 2009

BOR: Stocks in action for the day: HDIL, Tata Motors, RIL, Essar Oil, PTC

Bharti-MTN: -Exclusive: Sunil Mittal says no proposal to revise offer for MTN right now, to remain in talks till July 31 -MTN institutional investors eye Bharti raising MTN bid to ZAR 200/share

RIL -DGH (directorate general of hydrocarbons) objects to Hardy Oil announcing gas find in RIL (Reliance Industries) KG blocks -DGH asks SEBI to raise Hardy Oil issue with London Stock Exchange -Alert: UK's Hardy Oil has 10% stake in RIL's D3, D9 blocks ((CLSA has increased EPS for E&P business by Rs 100/sh))

Tata Motors May (YoY) -Total sales down 13% at 40,196 units -Domestic sales down 11% at 38,392 Units -Exports down 17% at 1,804 units

Cement Sales numbers -AV Birla Group May cement sales up 20% at 3.23 mt (million tonnes) (YoY) -Ambuja Cement May cement sales at 1.64 mt versus 1.51 mt (YoY)

Telecom Ministry says: -Discussions to be held to create consensus to list BSNL -Legal framework not in favour of MTNL-BSNL merger -Possibility to rope in investors into ITI exists, process underway -3G auction definitely by year end

Block deal alert: from sources: -3 crore Essar Oil shares likely to change hands today at Rs 165/sh -Foreign institutions likely seller in Essar Oil Block deal: Sources

Board meets:
-Ansal Properties on fund raising

-Vishal Retail to consider preferential allotment of warrants to promoters

Multiplex owners, producers sign deal to end 2-month deadlock

HDIL, MMRDA JV for mega 525 acres infra project in Virar

Zydus, Teva end patent disputes, local company can sell generic version of GSK, J&J drug in US

Hedge Fund Harbinger Capital Partners joins the race for Asarco

Piramal Healthcare eyes buyout to get footing in $1 billion global anesthesia market

6.66 crore PTC India shares to hit the market ((QIP issue))

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