Stocks in news: 

• Board meetings:
  HEG board to consider issue of convertible warrants on preferential basis to promoters
  United Phosphorus on transfer of Haldia Division of subsidiary SWAL Corporation
  Zicom Electronic on issue of warrants to non-promoters on preferential basis
• Ex-dividend:
  Ahmednagar Forgings (Rs 2/sh), Amtek Auto (Rs 3/sh), Amtek India (Re 1/sh) and Shri Lakshmi Cotsyn (Rs 2/sh)
• Indian ADRs:
  VSNL up 22% and MTNL up 4%
• IFCI stake sale called off, management control reason behind deal being called off: Sources
• IFCI not to pursue stake sale talks with any bidders, says scraps entire plan to sell 26% stake
• Kingfisher to merge into Air Deccan; merged co to be subsidiary of UB Holdings; Deccan to remain listed, to be renamed Kingfisher Airlines later
• Deccan, UB Borads to meet in Jan to finalise merger; Deccan’s helicopter business to be demerged
• Kingfisher-Deccan combine to have highest market share
• Bajaj Hindusthan to exercise entitlement of 5.7 cr shares at Rs 50/sh in Bajaj Hindusthan Sugar; to make open offer
• NSE F&O curb
  New in curb: Adlabs, Triveni
  Already in curb: Aptech, Essar Oil, Gitanjali Gems, IFCI, Nagar Fert, Power Grid
  Out of curb: Alok Industries
• Madras HC restrains TVS from booking; distribution or selling recently launched 125cc Flame - ET
• Manaksia IPO subscribed 8.79 times, Aries Agro IPO subscribed 7.62 times
• Precision Pipes IPO closes today; subscribed 0.69 times till now
• Porwal Auto IPO closes today; subscribed 0.83 times till now
• PSL receives gas pipe supply order worth Rs 125 cr
• Welspun India buys 76% stake in Portugal's Sorema; enterprise value Rs 60 cr
• Andrew Yule
  Gets BIFR approval for Rs 491 cr revival package: NW18
  Says to divest 26% stake in Tide Water: NW18
• M&M to hikes prices by up to Rs. 10,000 from Jan 1
• Thomas Cook says:
  No plans to go in for private placement of equity
  Rights issue likely to be offered in second half of 2008
• Nicholas Piramal forms JV with Arkray Inc, Japan for marketing diagnostic products in India
• Prime Securities board meet on Dec 27 to consider
  Withdrawal of special resolution for buy-back
  Increase in FII investment limit
  Issue of shares / warrants on preferential basis
• Phoenix Mills board approves splitting FV of shares from Rs 10 to Rs 2
• RIL, Tata Chem in talks for KG basin gas sale, deal only if HC lifts stay on third-party sale - ET
• Tata Steel in talks with Vale, world’s largest producer of iron ore to set up steel slab plant in Brazil - BS
• MRF plans Rs 500 cr new facility in TN - BS
• NTPC scouts for USD 1bn acquisition overseas, deal to open up opportunities to secure coal, gas - Mint
• Mudra Lifestyle board approves
  setting up of Spandex/elastomeric yarn project worth Rs 300 cr
  Issue of 30 lakh warrents to promoters at an effective price of Rs 120/sh ( CMP 107)
  Issue of FCCB/ADR/GDR of Rs 200 cr