Dec 26, 2012 09:37 AM IST | Source: CNBC-TV18

Stocks in news: Orchid, Fortis, Tata Motors, M&M, DCHL

Omkar Speciality Chemicals | Binani Industries | Orchid Chemicals | Fortis Healthcare | Tata Motors | M&M | Deccan Chronicle Holdings | Kingfisher and Lanco Infratech are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Listing Today: CARE IPO
-Issue price at Rs 750 per share (likely to list around Rs 900)
-Overall subscribed 40.98 times
-QIB subscribed 45.8 times
-Non institutional subscribed 110.9 times
-Retail subscribed 6.2 times

Lanco Infra says
-Looking at suitable investors for thermal/hydro plants
-Appointed consultants for sale of thermal/hydro plants

Adani Power says
-No concrete proposal from Lanco for selling Udupi plant
-Reports suggested Lanco had put Udupi plant on block
JSW Energy says
-Company not in talks with Lanco Infra for any particular project

Directorate General of Civil Aviation (DGCA) sources say
Kingfisher says
-Company will require Rs 652 crore over next 12 months
-Banks not willing to lend to airline
-Funds to be infused from UB group resources
-Prima facie Kingfisher's revival plan not a full plan
-Will need more information on financial aspect of operations
-Kingfisher has submitted a limited restart plan
-Kingfisher proposed to start operations with 5 airbus and 2 ATRs

Also Read: Market watch: Cues that will decide Nifty's trend today

Kingfisher to DGCA
-Will need 6-8 months to start operations from approval date: Sources
-To start operating 10 airbus and 11 ATRs within 10 weeks
-Rs 120 crore to be used to pay salary to staff
-'No dues owed to oil companies'
-May start operations by March if everything falls into place
-To pay salary to employees every 2 months

Wheel India open offer (CMP Rs 786.10/share)
-For 14.2 lakh shares (14.4 percent stake) by Titan Europe at Rs 725.38/share
-Opens on February 8, closes on February 22, 2013.

Debt Recovery Tribunal to Deccan Chronicle Holdings (DCHL)
-Asks to provide security to loans by Canara bank
-Restrains DCHL from re-mortgaging assets
-Gives pre-order on security, mortgage; final order posted to January 21, 2013

Other stocks and sectors that are in news today:
-Dena Bank ups interest rates on some deposits by 35 basis points
-Federal Bank raise deposit rate by 25-35 basis points: BS
-M&M’s Tamil Nadu project stuck on land issue: BS
-IOC seeks Rs 13,600 crore subsidy to cut down losses: FE
-JK Tyre to invest Rs 1000 crore to meet annual target of 20 million tyres: FE
-Jaguar Land Rover (JLR) (Tata Motors' subsidiary) China unit to recall 337 cars over substandard fixings: Agencies
-HC directs Indian Bank, PNB and United Bank to deposit Rs 400 crore to secure BCCI’s claim: ET
-Aditya Birla Nuvo gets CCI approval for Pantaloon deal
-Bank of Maharashtra to issue NCDs up to Rs 350 crore and Tier II Bonds up to Rs 1000 crore
-Fortis promoters to shed 16.5 percent stake (6.5 percent through auction route and 10 percent to raise Rs 900 crore): ET
-Mahanagar Gas increases pipe natural gas prices by 8.2% (Rs 1.87/cu m) effective December 21
-SEBI extends bid deadline for verification job in Sahara case till January 15
-Orchid Chemicals gets CCI nod for Hospira deal
-Binani Industries to divest stake in Binani Cement to a subsidiary company in Singapore
-Omkar Speciality Chemicals commissions new facility at Urdhwa Chemicals at Chiplun
-BSE to suspend trading in 31 securities with effect from January 16 (No Prime name in the list of 31 Securities)

SEBI bars
-Dilip Pendse from assessing capital market for a period of 2 years
-Dilip Pendse from capital market for fraudulent & unfair trade practices
-Dilip Pendse former MD of erstwhile Tata Finance

RBI to buy up to Rs 8000 crore of 3 gilts via OMO on Friday
-To hold OMO by auctions via multiple price method on Friday

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