Stocks in news: Patel Engg, Saregama, Consolidated Constr

Stocks in news:

• Results today:
  Patel Engineering, Prism Cements, Shree Cements, TVS Electronics and Kopran
• Board meetings:
  Pudumjee Agro on stock split
• Ex-dividend:
  Aegis Logistics
• Mahindra Holidays to sell 2% ahead of the IPO to an Indian Bank for Rs 80 cr, valuing the co at USD1bn - TOI
• Uniform duty structure for Liquor across states likely - ET
• Tata Steel selling its prime properties in Kolkata
• Fertilizer cos may get Rs 19000 cr less subsidy, policy to be finalized by month end - ET
• Saregama to foray into magazine publishing, in talks with foreign players
• Indian ADRs:
  ICICI Bank up 10%, HDFC Bank up 6.5%
• New listing:
  Manaksia
• New listing:
  Rollatainers to resume trading; base price Rs 14.40, circuit filter 20%
• Hindustan Composites board approves selling land at Ghatkopar, Mumbai
• Consolidated Construction bags orders worth Rs 252.39 cr in Dec 07
• NSE F&O curb
  New in curb: Adlabs Films, GMR Infra, IFCI, Ispat, Parsvnath, SRF
• Already in curb:
  Aptech, Arvind Mills, Bongaigaon, HOEL, Hotel Leela, IVR Prime, JP Hydro, Nagar Fert, Rajesh Exports, TTML
• Out of curb: Essar Oil
• Gitanjali Gems acquires 100% in jewellery co Brightest Circle Jewellery for Rs 50 cr; also acquires Nakshatra brand
• In T2T from Jan 11:
  Heritage Foods, Kewal Kiran, Kinetic Motor, Nelco, Ramco Systems, Tamilnadu Petro, Webel SL, Western India Shipyard, Zodiac Clothing, Kalindee Rail
• Infosys
  SC rules in Infosys' favour in case relating to TDS taxation brought against it by Bangalore IT dept
  SC says benefit given to the staff under ESOPs before 2000, can't be considered taxable income, co not obliged to TDS
  SC rules co not bound to deduct tax on amount earned by employees from exercise of ESOPs granted through trust
  Infosys had created Technologies Employees Welfare Trust allotting 7.5 lakh@ Rs 1 each to employees in 97-98
  Scheme had a 5-yr lock-in period after which employees could exercise warrants to buy Infosys' shares
• Omaxe
  Says promoters plan to dilute 5-10% via private placement
  In talks with US-based Starwood for hotel projects, to invest Rs 2,000 cr
  Plans up to Rs 3,000 cr Punjab realty project
• Crazy Infotech board approves
  GDR / FCCB issue up to $ 50 m
  Splitting FV of shares from Rs 10 to Re 1
• Lok Housing board meet on Jan 14 to consider issue of warrants on preferential basis to promoters & strategic investors
• Everonn Systems board meet on Jan 18 to consider FCCB / ADR / GDR issue
• 21st Century Management board meet on Jan 14 on issue of shares / warrants on preferential basis to promoters
• Accel Frontline to acquire Network Programs India
• Chrysler
  Holds talks with M&M, but says no high level discussions yet
  Talks for possible alliance in India or abroad