Aug 29, 2007, 09.17 AM IST

Stocks in news: BILT, Infotech Ent, Powersoft Global

Stocks in news: BILT, Infotech Enterprises, Powersoft Global Solutions, REI Agro, Sri Adhikari Brothers, Kriti Industries, Elder, Pritish Nandy, Ess Dee Aluminum, Esab India, Gujarat Petronet, Bharti, IOC, Essar Oil and Dr. Reddy's.

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Stocks in news:


  • Results Today:
    BILT (audited for year ended June)
  • Infotech Enterprises’ wholly owned subsidiary forms strategic alliance with Boeing Co subsidiary Continental DataGraphics
  • Powersoft Global Solutions board approves issue of 30 lakh convertible warrants to promoters & strategic investors
  • 1.15 cr Indiabulls Real Estate shares to hit the market today (conversion of convertible preference shares)
  • Board meetings:
    REI Agro on demerger
    Sri Adhikari Brothers on consolidation of FV of shares of Rs 2
    Kriti Industries on stock split
  • Ex-dividend:
    Dolphin Offshore (Rs 2.50/sh)
  • Ex-split:
    Usha Martin from Rs 5 to Rs 1 ((goes into ND period))
  • Elder has acquired 51% stake in Biomeda in Bulgaria in an all-cash deal worth Euros 5 million
  • Blackstone picks 12.5% stake in Nagarjuna Construction for USD 150 mn
    Blackstone to acquire:
    2.02 cr shares at Rs 202.50 (FV Rs 2) worth around USD 100 m
    91 lakh convertible warrants at Rs 225 (FV Rs 2) worth USD 50 m
    Money to be used in BOT, other infrastructure projects
  • NSE F&O curb: Arvind Mills; Nagarjuna Fert; Oswal Chem, IFCI, Escorts
  • RIL gas pricing formula likely to approve by EGoM within couple of days - ET
  • Pritish Nandy bags USD 100m franchise deal to remake Sholay - ET
  • Ess Dee Aluminum is in final stages to acquire India Foils - ET
  • UP govt. urges center to provide interest-free loan of Rs 2,000 cr to state’s sugar mills - BS
  • GoM recommends 10% ethanol blending in fuel mandatory for Oct 2008 - Mint
  • Actis, M&M opposes Swaraj Mazda’s rights issue plans - ET
  • Jet Airways to hike domestic fares within a month - Agencies
  • Vedanta open offer for Sesa Goa get Sebi nod - BS 
  • Esab India open offer revised upward:
    58.01 lakh shares (37.7%) from 30.78 lakh shares (20%)
    Price increased to Rs 505 from Rs 406 (CMP: Rs 490.85)
  • Hotels to hike room tariff by 25% from Sept 1 - DNA
  • Gujarat Petronet to issue pef shares to IFC at Rs 57.29/sh
  • CPI opposes relaxation of norms for airline co to fly abroad - ET
  • Bharti to rope in Wal-Mart supplier Del Monte as third partner for Field Fresh Foods - BS
  • IOC may shelve Iran investment plans - Agencies
  • Essar Oil eyes delisting sans open offer - BS
  • Dr Reddy to shift Betapharma activities to Hyderabad - BS
  • Radaan Mediaworks looking at PE funding, promoters looking to dilute stake from 51% to around 35% - BL
  • Tata Steel Q1 FY08 YoY Con:
    Net Sales up at Rs 31,154.6 Cr Vs 5,747.7 Cr
    OPM at 15.74% Vs 29.8%
    Interest Cost at Rs 892 Cr Vs Rs 55.36 Cr
    Included interest charge of Rs.725 cr on loans taken for financing acquisition of Corus
    NPAT at Rs 6338 Cr vs Rs 1013.9 Cr
    Extraordinary item of Rs.4,121 cr on actuarial gains due to increase in yield rates on -Bonds held by various Pension Funds of Corus

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