Here are stocks that are in news today:

Government to wind down stimulus next year – PM

Lipitor Patent Pharmasia- News.com
-DRL (Dr Reddys Labs) asserts invalidity/ non-infringement of 3 patents
-Patent challenge including 6 months Pediatric exclusivity
-DRL seeks exclusivity between 2011-13
-DRL patent challenge may not affect Ranbaxy-Pfizer deal

SAIL Chairman to CNBC-TV18:
-SAIL FPO to come up for cabinet approval by month-end
-Govt to offload 5% of its stake in SAIL
-Proceeds from equity issue to be used for modernisation plans
-Borrowing for modernisation to the extent of Rs 25,000 crore
-Steel prices & input cost to remain stable for next 3 months

UTI AMC signs agreement with T Rowe Price for 26% stake sale
-All 4 promoters to sell 6.5% stake each to T Rowe Price
-Deal valued at 3.7% of AUM or Rs 739.27 crore based on October AUM
-Deal values UTI AMC @ Rs 2,843.34 crore

SBI
-SBI has revised downwards the deposit rates by 25-50 bps in a few maturities effective from November 09, 2009.
-SBI extends 8% home loan product till March 31, 2010

CNBC-TV18 Exclusive
-IT department objects to Vodafone’s tower business demerger into Indus: Sources
CNBC-TV18 alert: Idea, Bharti, Vodafone JV partners in Indus

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