Stocks in news: Tech Mahindra, Opto Circuits

Stocks in news:

• Indian ADRs:
  ICICI Bank down 13%
• Tech Mahindra signs a five-year deal valued in excess of USD 350 million with BT.
• Opto Circuits board to meet on March 25, to evaluate future investment decisions
• Future Cap to buy 70% stake in Godrej Aadhaar, a rural retailing initiative, Godrej will hold 30% in the SPV - ET
• Satyam’s $10m a year contract of Bear Stearns uncertain - ET
• Tata Steel may raise Rs 4000 cr via non-fungible GDRs - ET
• REL, Indiabulls Realty tie-up for Raigad SEZ - ET
• ACC, Ambuja, Lafarge in race to acquire ailing Cement Corp of India - ET
• Selan Exploration ropes in Malaysian firm for drilling 6 wells - BS
• Petronet LNG eyes stake in gas fields in Australia - TOI
• Orchid mgmt says:
  Sold 7% As Margin Calls Got~Triggered; No Cash To Buy Shares
  Stock Price Under Pressure After~Bear Stearns Transferred 10 Lk Shrs
  No Plans To Sell More Shares As~Margin Calls Position Cleared
  Indiabulls Fin, Religare Acted As~Margin Funders
  Had Hiked Stake From 17% To~24% In FY08; Now Back To 17%
• ICICI Pru Life says
  Prudential Has Announced India Margins Of 12% Vs 23% Last Year
  Margin Fall Due To Accounting Norm Differences
  Expect 18-19% New Biz Profit Margins In FY09