Stocks in news: Cambridge Tech, IFCI, Tata Tea

Stocks in news:

• Cambridge Technology board approves
  Issue of 42.5 lakh convertible warrants on preferential basis to Rosebury Investments & Prime Genius Investments
• Indian ADRs:
  VSNL down 8%, HDFC Bank down 6.6%, Wipro down 5.8%, Patni down 5.4% and ICICI Bank down 5%
• IFCI update
  LIC likely to convert 50% of its IFCI debt into equity: Sources
  Conversion price likely to be close to Rs 85/share: Sources
  Other fin institutions also likely to convert IFCI debt into eq: Srcs
  IFCI says talks with lenders +ve but declines to give details: Srcs
• UTV Exclusive
  Walt Disney looking for major acquisition in India: Sources
  Increasing stake in UTV possible option for Disney: Sources
  Walt Disney currently has 14.85% stake in UTV; promoters own 30.6% UTV says in discussions with multiple investors for broadcasting
  UTV says outside of that we cannot and do not comment on market speculation
• Bank of India cuts deposit rates by 50 bps effective Nov 12
• BSNL slashes ISD, intra-circle rates effective Nov 8 to Jan 6 2008: PTI
• Mundra Port & SEZ
  Subscribed 115x, QIB 159x, HNI 156x, Retail 13x
  Issue sees commitment for USD 51.5 bn; QIBs commit USD 42.83 bn
  Total amount of money received in IPO at USD 13 bn
  ALERT: Mundra IPO size at USD 450 mn
• M&M may be back in race for Ford brands - ET
• Norway's USD 350 bn sovereign fund exits Vedanta for ethical reasons blaming the co for environmental damage and human rights violations in India - Agencies
• Blackstone set to buy 26% in MTAR for USD 65 mn
• Tata Tea, Coke in tie-up talks to enter FMCG market - FE
• BSNL plans IPO, 33% market share by 2010 - Mint
• NSE bars further F&O positions in Nagar Fert as 95% of marketwide limit reached
• New listing:
  Unimers India to resume trading; base price Rs 19.10; circuit filter 20%
• Igarashi Motors board approves sale of sub-assembly and component manufacturing unit
• Colgate acquires 75% stake each in Advanced Oral Care Products Goa, Professional Oral Care Products Goa, & SS Oral Hygiene Products Hyderabad
• Compact Disc bags animation outsourcing contract worth USD 19.8 mn