Stocks in news: FAG Bearings, Ranbaxy

Stocks in news:

• Board meetings:
  Abbott India audited results for year ended Nov 07
  FAG Bearings, SEAMEC results
• Ex-dividend:
  Ambuja Cements (Re 1/sh), Bajaj Hindusthan (60 paise/sh), Container Corp (Rs 11/sh), Cummins India (Rs 2/sh), Dalmia Cement Bharat (Rs 2.50/sh), KRONE Communications (Rs 3/sh), Macmillan India (Rs 2.50/sh), Network 18 (Rs 1.25/sh), WS Industries (50 paise/sh) and Wheels India (Rs 3/sh)
• Ex-split:
  Kulkarni Power from Rs 10 to Rs 5
• Ex-event:
  Vinyl Chemicals
• MSCI adds SAIL in Global STock Index
• Ranbaxy board meet on Feb 19 to consider demerger of new drug discovery research unit into separate entity
• Rosneft eyes stake in ONGC’s LNG terminal - BL
• Russia’s Sistema to invest $ 4-7 bn in telecom sector via stake hike in Shyam Telelink - BL
• Rollback of steel prices difficult, say producers - BL
• DoT to impose spectrum transfer fees on sale of telecom licenses - ET
• One time entry fee for all spectrum allocations beyond 6.2 Mhz based on market value; This is in addition to usage charges - ET
• CBoP books a loss of Rs 20-26 Cr in Reliance Power IPO - ET
• Cabinet Committee on Political Affairs to consider raising petrol price by Rs 2 and diesel price by Re 1 today - BS
• Parsvnath and Indiabulls Real Estate to jointly bid for 10 prime locations offered by Indian Railways for commercial development - BS
• Dena Bank to auction NPAs worth Rs 188 cr by end of Mar 08 - BS
• Axis Bank decreases PLR by 25 bps & Mortgage Reference Rate (MRR) by 50 bps
• DLF wins the title sponsorship for IPL for next 5 years for Rs 200 cr
• SEBI Threatens To Initiate Civil/ Criminal Actions Against Art Funds
• SEBI says
  Art Funds Are Collective Investment Schemes Under SEBI Act
  No Entity Has Registered With SEBI For Art Funds
  Launching/Floating Art Funds Without SEBI Registration Violates SEBI Act
• Steel Minister
  To meet steel producers today at 4pm: Sources
  To discuss the rationale of steel price hike with producers: Sources
• City Union Bank board meet on Feb 22 to consider issue of shares
• Godavari Fertilisers to be suspended after trading
• Rane Engine Valves, Rane Brake Linings to be suspended after trading