Stocks in news:

• Gail plans USD 2.3 bn petrochem plant in Iran - BS
• IFCI to hold pre-bid meeting with suitors today
• New Bridge off IFCI race - PTI
• WL Ross, Shinsei lead race for IFCI stake - HT
• Goldman Sachs eyes stake in Indiabulls Realty, in talks to invest USD 200m - ET
• Air Deccan to withdraw from all loss making routes - ET
• Vijay Mallya likely to do creeping acquisition for majority in Air Deccan
• Air Deccan
  Receives offer for 35 m shares against 27 m on offer
  Vijay Mallya says Kingfisher can use Air Deccan's licence to go intl from Jan '08
• NSE bars further F&O positions in Arvind Mills and Tata Tele (M) as 95% of marketwide limit reached
• RBI allows FIIs to buy up to 74% in Northgate Technologies and 49% in Vakrangee Softwares and Rajesh Exports
• Tata Steel to raise prices for long products by Rs 600/tn
• Tata Motors;
  Sep Total sales at 48,347 units vs 45,144 units (MoM)
  Sep Total sales at 48,347 units vs 49,963 units (YoY)
  Sep local Truck, Bus sales at 27,036 units vs 26,627 units (YoY)
  Sep local Passenger Vehicle sales down 9% at 17,006 units (YoY)
• Aditya Birla group Sep cement sales up 1.59% At 23.5 Lakh Tn (YoY)
• New listing:
  Amrit Banaspati to resume trading; base price Rs 58.90; circuit filter 20%
• DLF
  Bags mega project from Karnataka govt: Sources
  To develop 9,000-acre plot near Bangalore: Sources
  Project estimated to be worth about USD 15 bn over 5 years: Sources
• Tata Tea
  To spin off north plantation into separate company
  To have minority holding in new company
  New company to get into alternative use of land
  IFC Washington, IL&FS likely to hold 20% each in new company
• Hindustan Unilever buyback opens today, closes on Sep 13, 2008 for buyback up to Rs 630 cr at Rs 230/sh((CMP: 224))
• NSE to transfer 5 stocks to T2T segment from Oct 8
• SEBI
  Issues order on fraudulent trading in BILT shares
  Identifies clients, directs them to deposit profits with NSE
  Directs UTI Securities, Emkay to conduct internal enquiry
  Asks market intermediaries to strengthen internal controls
• 3.2 cr Tata Tele (M) shares to hit the market today
• 12.3 cr Tata Tele (M) shares to hit the market today
• ICICI Bank to launch a multi-million dollar fund of funds - ET
• Airlines go slow on freebies as consolidations shift focus to improving financial performance - ET
• RIL exploring foray into EPC biz, ties up with Dubai based firm - HT
• US based PE fund acquires 2.83% stake in Prabhudas Lilladher for USD 10m
• ICICI Bank plans to raise USD11bn overseas in next 12 months
• Gail just a “Courier co” Govt report - FE
• VSNL plans Rs 1,000 cr spend for WimAX - BS