Indian Airline stocks in action for the dayIndian ADRs: Sterlite, Wipro down 13%, Tata Comm, Satyam down 10%
Kingfisher plans to sell 25% stake, in talks with BA, Singapore Airline and Virgin
Tata Chemicals buying 600 acres for Rs 700-1000 crore for soda ash expansion in Gujarat - BS
Great Offshore promoters at risk of losing control as lender putting pressure to gap the shortfall - Mint (Promoters had pledged shares at Rs 850 and is currently trading at Rs 300/sh)
GVK, GMR seek to raise airport fees by 10% as traffic falls - TOI
Star TV acquires minority stake in Jupiter Entertainment -ET (This means first serious challenge to Sun TV)
Stay off layoffs, PMO tells private airlines - ET
DCB’s MD Gautam Vir puts in his papers
Welspun Gujarat puts Rs 5000 crore expansion on hold - ET
FCCB issuers may be given buy back option - BS
Balaji may not buy out Star’s stake in company at Rs 190/sh - BS (CMP Rs 66)
Shiva to exit Tata Tele, Temasek too may sell its stake - BS
Airlines cut ATF prices further by 12%, prices now at September 2007 levels
Iron ore exports to China hit by Payment defaults - BL
Government announces twin export benefits for steel and cement sector by way of duty refund and incentives for shipment to the third world countries - BL
Infosys tells employees to go for 1-year sabbatical, work for NGOs - BS (Murthy’s was of giving back to society, employess still get 50% salary from Infosys and balance 50% from NGOs)
Godawari Power board meeting on November 22, 2008 to re-consider buyback (Had approved one earlier)
Zenith Birla Result (Q2)
- Net Sales: Rs 147.3 crore versus Rs 118.5 crore
- Net profit: Rs 1.45 crore versus Rs 2.74 crore
Everest Kanto board to meet today to consider buyback of shares
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