Stocks in news:

• Indian ADRs:
  Satyam up 9%, Infosys up 8.5%, Patni up 5.5%, ICICI Bank up 5.2% and Tata Comm up 5%
• GSM Specturm
  Govt Starts Alloting GSM Spectrum~To Eligible Operators Only In TN
  Unitech, Datacom, Idea, Swan Tele,~Loop Tele Get 4.4 MHz start-up GSM Spectrum In TN
  Unitech To Invest $200 m In TN Alone For~Telecom Foray Over The Next 2 Yrs
• Shell eyes 30% in KG basin for $6.7bn - ET
• Dutch fashion powerhouse G-star is in talks with Future grp for JV to foray into India - ET
• Tax rejig for gas firms may hurt RIL - ET
• SBI weighs merger of Global Trade Finance, India’s largest factoring company after an IPO - ET
• Toshiba to set up JV in india to make turbines; L&T reportedly in partnership talks - BS
• Nicholas buys K-Lab brands for Rs 116 cr - BS
• RINL hikes steel price by Rs 6000/t - BL
• L&T, TN govt join hands for ship building, port  facility
• Reliance power arm to seek carbon based revenues for Krishnapatnam UMPP - FE
• In T2T from Apr 22:
  Aksh Optifibre, Celebrity Fashions, Four Soft, Piramyd Retail, Indowind Energy
• HCL Tech Q3 Cons
  Net Profit At $85.4 m Vs~$84.5 m (QoQ)
  Revenue At $484.9 m Vs~$461 m (QoQ)
  Forex Loss At $6.8 m Vs~Gain Of $1.5 m (QoQ)
  EBITDA Margin At 22.3% Vs~21.4% (QoQ)
  Revenue At Rs 1944.8 Cr Vs~Rs 1816.6 Cr
  Net Profit At Rs 342.5 Cr~Vs Rs 332.9 Cr
   
  BEL (FY08)
  Turnover of Rs 4114 cr vs Rs 3952 cr
  PBT: Rs 1109 cr vs Rs 1052 cr
• Rallis Q4
  Net profit at Rs 7.87 cr vs Rs 9.78 cr
  Net sales at Rs 144 cr vs Rs 131 cr
  OPM at 8% vs 9.4%
• Karuturi Networks Q4
  Net profit at Rs 41 cr vs RS 15 cr
  Net sales at Rs 116 cr vs Rs 39 cr