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Stocks in news: Bajaj Corp, Trent, Koutons, Prism Cement
Bloom Dekor | Prism Cement | Bajaj Corp | Trent | TTK Prestige | Axis Bank | HUL | Koutons Retail | Bhansali Engineering and Lanco Infra are stocks, which are in the news today.
2G case update CBI says -Anil Ambani continues to be under investigation -Seeks 3 jailed ADAG executives to turn approver -Investigating Swan stake sale to Delphi by Reliance ADA -Reliance ADA sold Swan stake to Delphi at undervalued prices
Reliance Telecom says -None of the 3 Reliance ADA executives turning approvers -Promoters/company did not benefit from 2008 telecom licenses
Lanco Infra says -To vigorously defend Perdaman's allegations -Perdaman alleged Lanco Infra violated Australia coal pact
CLB snubs minority shareholders in Bhansali Engineering spat -CLB says no interim reliefs on minority shareholders' plea -Shareholders can raise grievance by participating in AGM -Case to be heard on January 18, 2012 -Bhansali Engineering AGM to be held on September 30
Other stocks and sectors that are in news today: -Indo Thai Securities IPO of 40 lakh shares with a price band of Rs 70-84/sh opens today -Axis Bank rolls out fixed home loan for life (20 years) at 11.75%, (almost 250 pbs lower that other fixed interest rates, analyst thumbs down move) - (came during market hours yesterday) -HUL shortlists 6 bidders to sub-lease Worli property for an expected price of Rs 400 crore; company likely to consider re-tender for sale (ET) -Koutons Retail gets a nod for debt restructuring plan of worth Rs 500 crore (ET) -Fame India rights issue sets stage for battle between Inox & Anil Ambani ((Inox holds: 50.27%)) & ((Reliance Capital: 35.39%)) -TTK Prestige set to buy Italian firm's local unit Triveni Bialetti Industries to expand production capabilities with an undisclosed amount (DNA) -Maruti Suzuki has lost around Rs 540 crore in revenue in past 2 months because of labor unrest in its Manesar facility (Mint) -LGB Board to meet & consider the proposal of rights issue -Bajaj Corp acquires Uptown properties & leasing for Rs 75 crore -Trent Ltd to seek approval of shareholders to raise funds of upto Rs 300 crore -Prism Cement signs an agreement for mining & develop SIAL coal block with India Resources Australia -F&O Ban: Gitanjali Gems -Bloom Dekor makes an open offer to acquire 14 lakh shares at a price upto Rs 15.75/sh ((CMP: 17.30))
