Stocks in news: RIL, Ranbaxy, BHEL, NIIT Tech, JSW Steel

Stocks in news:

Reliance Industries, RIL commences production in KD-D6 block
-Current production is 5,000 boe/day
-5.5 lakh boe/day to be produced in 6-8 quarters
-In 18 months RIL will produce 40% of nation's oil equivalent
-No plans to unlock E&P assets; E&P business needs more critical mass
-E&P to contribute 25-30% of net profit by FY10

From PharmAsiaNews: Ranbaxy:
-US Cong Committee expands probe into company's anti-AIDS drug supply

Ranbaxy spokesperson says
-Confident all pharmaceutical products including ones supplied to PEPFAR are safe & effective; committed to working with FDA to put matters to rest

Hindalco rights issue opens today; company may consider selling non-profitable Novelis arms in future: Hindalco

Delhi Metro MD says BOT mode for building metro may backfire - (Maytas bagged order for Hyderabad and Reliance Infra doing Mumbai)

Raigad farmers vote against SEZ, RIL faces tough task in acquiring land - ToI

BHEL CMD
Company to take 26% in 3 supercritical projects totalling 4,800 MW; expects orders worth Rs 20,000 crore in 2 months

Bongaigaon Refinery, IOC merger unlikely this fiscal as minority shareholders resist - BL

Amtek drops plans to acquire Germany’s KSM Casting - ET

Four banks SBI, Standard Chartered, BNP and Barclays to buy Lehman's structured product business in India - BS

Emami open offer to shareholders of Zandu Pharma to open on September 26, close on October 15 (was to open on Jul 24); price revised to Rs 15000/sh

NIIT Technologies bags global sourcing contract from American Safety Insurance

Ex-Event: Rei Agro scheme of arrangement

Opto circuit signs LoI to acquire European company estimated to cost $100 million -BL

JSW steel gets iron ore licence - BL

Richa industries to invest Rs 125 crore in diversification - BL

NewsWire18 Says
-Plan panel to revise draft document of Integrated Energy Policy
-Integrated Energy Policy proposes market-determined prices
-Integrated Energy Policy moots taxes to reflect market environment

DoT may set user base rider for 3G - ET

Jindal Steel to float petroleum subsidiary - E