Stocks in news: NEPC India,Parsvnath, Tata Steel

Stocks in news:

Board meetings:
NEPC India to consider proposal to set up solar cells manufacturing facility
IT People India on allotment of 75 lakh warrants to Einfratech Systems on preferential basis; merger of Orient Information, Marketplace Technologies with itself
Logix Microsystems on acquisition of majority interest in US co; issue of warrants on preferential basis to promoters
Balrampur Chini on issue of Shares / convertible bonds on preferential basis to promoters

Ex-dividend:
Deepak Spinners (50 paise/sh) and Mahalaxmi Seamless (50 paise/sh)

NSE bars further F&O positions in RPL, TTML, and JP Hydro as 95% of marketwide limit reached

Still in curb:
NIIT Tech, Adlabs Films, IFCI, & GMR Infra

Indian ADRs:
ICICI Bank down 6% and HDFC Bank down 5.5%

New listing:
Mundra Port; issue price Rs 440

SEBI denies permission to Mundra Port to trade in F&O segment: Sources

RBI Dy Governor hints ICICI Bank, HDFC Bank can be termed “foreign banks” - ET 

Sebi to probe Bhushan Steel share price rise - TOI

Parsvnath looks at airport biz, may team up with Turkish Co - ET

HB stock holding buys another 1.4% stake in DCM Shriram at Rs 92/sh, open offer price likely to go up - ET

Orient Global picks up 22% stake in India Infoline' consumer finance subsidiary for USD 77 mn

Tata Steel may pick up 35% stake in Mozambique JV for a consideration of Australian USD 100 mn - FE

IndiaBulls plans retail foray, to set up 30 supermarkets - BS

JSW Energy to float Rs 5000 cr IPO

Banco Prodcuts sells 4.5% stake to Japanese co Gasket, deal valued at Rs 10 cr - BS

NSE readies for another stake sale, valuation likely to cross USD 3 bn, Cos like ICICI BK, IDBI to be in focus, these 2 co hold more than 5% stake in NSE

REL to invest USD 1 billion in coal block abroad - Mint

Siemens in talks with RIL, L&T for Navi Mumbai airport - Mint

Govt okays BHEL's takeover of Bharat Heavy Plate & Vessels

Bajaj:
CLB tells warring Bajaj factions to continue with talks
If talks yield no results then hearings to restart in January '08

Goldstone Technologies acquires world negative rights of 14 feature films

RBI allows FIIs to invest up to 100% in India Infoline

In T2T from Nov 30:
Bhagwati Banquets, Dharani Sugars, GMR Industries, Kopran, Shah Alloys, Williamson Magor, Orient Information, Majestic Auto, Southern Ispat and Timex

Jyothy Laboratories IPO closes today; subscribed 1.27 times till now

MMRDA Auction
Wadhwa Builders Wins 16,500 sq m Plot For A Record Rs 831 Cr (Rs 46,806/sq ft)
RIL Wins 1 Plot For Car Park & Comm Centre At BKC
RIL's Winning Bid At Rs 918 cr for 30,550 sq m Plot (Rs 27,926/sq ft)
CG & Hiranandani Jointly Bag 28,300 sq mt BKC Plot For Rs 1,041 cr (Rs 34,186/sq ft)

NTPC board approves:
Investment of Rs 5459.279 cr in 2X500 MW Mauda Thermal Power Project in Maharashtra
Investment of Rs 597.49 cr in 645 MW Kawas Gas Power Station in Gujarat
Investment of up to Rs 1188.260 cr ((74% of equity)) in subsidiary Bhartiya Rail Bijlee

Godrej Industries board approves entering into strategic partnership / JV of medical diagnostic businessSubros comes out of ND period

Dr Reddy's
Argenta selects Dr Reddy's respiratory molecule for trials: NW18
Argenta sees Dr Reddy's molecule in phase-I trials mid 2008: NW18

Infosys says wage inflation to remain 12-15% for 2-3 years

Nalco Cuts Product Prices By Rs 3,000/t