Stocks in news: Birla Corp, Neyveli, Glenmark, Bharti, PFC

Published on Wed, Mar 17, 2010 at 08:22 |  Source : CNBC-TV18

Updated at Wed, Mar 17, 2010 at 08:23  

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Stocks in news: Birla Corp, Neyveli, Glenmark, Bharti, PFC

Here are stocks that are in news today:

DoT - CNBC-TV18 exclusive:
-DoT (Department of Telecommunication) issues letters to all telcos for CAG audit: sources
-CAG audit for Bharti, BSNL, MTNL, Tata Comm, Reliance Comm, Vodafone, Idea, others: srcs
-CAG audit to cover 3 financial years beginning 2006-07: srcs
-DoT seeks financial records & documents within 15 days: srcs
-Alert: CAG audit comes after special independent audit of telcos

Bharti-Zain update: from agencies
-Bharti issues term sheet to banks to raise up to USD 8.5 billion
-Bharti's 6-year offshore loan facility has four tranches
-Bharti opts to drop onshore tranche for Zain funding

Glenmark Generics 
-FDA orders Glenmark Generics to stop marketing unapproved Nitroglycerin tablets
-Marketed in 0.3 mg, 0.4 mg and 0.6 mg
-Tablets are placed under the tongue to relieve chest pain or to stop a heart attack
-Pfizer  markets FDA-approved sublingual nitroglycerin tablets in the same strengths
-And according to the FDA is able to supply the market with approved products
-Glenmark has 15 days to respond to the FDA with a plan for removing their products from the market
-Has 90 days from the date of the warning letters to stop manufacturing new products
-And 180 days to stop further shipment of existing products

  

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