Stocks in news:
- Reliance Tower to raise Rs 6000 cr via IPO, to file DRHP this week - ET
- Eni takeover of Burren Energy could lead to HOEC open offer: NW18
- Nalco hikes aluminium prices by Rs 5,000/tn
- Roche
Seeks Delhi HC Stay On Cipla Mktg Erlotinib In India
Alert: Erlotinib Is An Anti-cancer Drug
Alert: Natco Has Sought Compulsory License For Erlotinib In India
- Hero Honda Jan Two-wheeler Sales At 2.98 Lakh Units Vs 2.97 Lakh Units
- Tata Motors Jan sales
Total Sales At 54,796 Units Vs 55,440 Units (YoY)
Domestic CV Sales At 30,530 Units Vs 28,896 Units (YoY)
Domestic Passenger Vehicle Sales Down 12% YoY At 20,000 Units
- Govt releases fresh funds for Bandra-Worli sea link; project likely to be completed by Dec 2008
- SVEC Constructions IPO opens today; offer of 40 lakh shares; price band Rs 85-95
- FIIs need RBI nod to buy further shares of Karur Vysya Bank as their holding reaches 22% limit
- Maharashtra Seamless board decides to maintain FV of shares at Rs 5
- ICICI Bank terminates arrangement with investors for subscription to equity shares of new subsidiary due to lack of regulatory approvals
- Ex-dividend:
Greaves Cotton (Rs 2/sh), NTPC (Rs 2.70/sh), Page Industries (Rs 4/sh)
- Ex-split:
Sanwaria Agro from Rs 2 to Re 1
- AV Birla Group Jan Cement Sales Up 2% At 2.87 mt (YoY)
- Hyundai plans to launch small car to take on Tata’s Nano; car to be smaller than Santro
- SAIL raises steel prices by Rs 1,500-2,000/t: NW18
- Steel Minister says:
Steel ministry calling all steel producers next week to review the steel price hike
Have recommended govt to reduce duty on raw material from 5% to 0%, scrap steel from 20% to 0%, & iron ore from 2% to 0%
If need be will upon the regulator to monitor steel prices
- MTNL to appoint consultant to develop a part of its 30-arce-borivili land - DNA
- Arrow Webtex forms 40:60 JV for real east projects in East Africa; aggregate investment Rs 300 cr
- EID Parry board decides to withdraw buy back up to 25% at Rs 160
- Govt vetting a proposal to provide tax waive on dividend income of REITs - ET
- Govt has allowed PSU banks to raise funds via QIP route - ET
- HUL goes for another rejig, may cut atleast 200 jobs - ET
- Purvankara to sell 40% in 5 real estate projects to raise Rs 2000 cr - ET
- Mumbai to add 15.4m sq ft commercial construction this year, rentals expected to soften - BS
- Gammon Infra IPO to hit market soon - BS
- Dishman eyes acquisition in Europe, deal size around Rs 200 cr - BS
- Holcim to invest Rs 10000 cr to raise capacity to 25mt in next 5 yrs - PTI
- Govt mulling upfront spectrum fee for telecom operators - FE
- Glenmark ends GRC 8200, diabetic drug deal with Merck
- Global update: Chinalco, Alcoa buy 12% stake in Rio Tinto for $14 bn
- Egg prices crash as Bengal bans poultry traffic
- ONGC Videsh, Cairn in race for Lankan Oil fields - DNA
- Future Cap to launch hedge fund advisory biz - BS
- BG eyes 30% stake in ONGC’s KG block - ET
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