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Stocks in news: Great Off, Dabur, Satyam, Amrutanjan
Stocks in news: Vijay Sheth may dilute Great Offshore stake to pay up dues. Dabur India picked 72.15% in FEM Care for Rs 203.7 crore. Satyam is likely to bag Railways IT contract worth Rs 2000 crore.
Indian ADRs: ICICI Bank up 15.5%, Wipro up 13.2%, Sterlite up 10.5%, Dr Reddys Labs up 10.5%, Infosys up 8.8%, Satyam up 7%
Vijay Sheth may dilute Great Offshore stake to pay up dues - ET (In talks with banks, FIs and even rival institutions to raise funds)
Dabur India picks 72.15% in FEM Care for Rs 203.7 crore at Rs 800/sh Open offer for 20% stake to follow
Government readies Rs 50,000 crore Infra fund to be routed through IDFC, IIFCL - ET
Government planning sops for Auto industry - ET
Jet plans 25% pay cut for top executives
Sugar Case hearing today
Prices of piped gas to be hiked by 50% in Mumbai as Maharashtra Gas
Satyam likely to bag Railways IT contract worth Rs 2000 crore - ET
JLR in secret talks with UK government for 1 billion pound loan - Agencies (Tata Motors to be in focus)
Reliance Infrastructure, Tata Power and GMR scout for coal assets in Indonesia - BS
Amrutanjan Healthcare buy back offer at maximum Rs 450/sh
DLF's Mumbai project delayed by 2 years. Hospitality venture only if they get PE funding - DNA
AI cuts fares under Governnment pressure, private airlines will have to follow - BS
Wockhardt in talks with PE firms to raise $ 150-200 million - Mint
Infosys says pursuing five-six $50-200 million contracts- DNA Money
RILs fuel retailing plans hit a duty hurdle- ET
Government not in favour of allowing to sell fuel in the domestic market from it's EOU's without paying duties- ET
Nalco picks washed coal to ensure coal supplies-DNA Money
RIL, Adani may set up port pipeline projects in Kenya-DNA Money
EID Parry buys 48% in US company Valensa for $9 million - ET
Power Grid to sign up $ 400 million credit line from World Bank- BL
RIL raises Rs 2000 crore via Re bonds - BS
Avon Organics revises open offer price upward to Rs 21.85 on account of payment of Rs 1.85 per share towards the interest for delay in payment of consideration. Offer opens December 3.
Hotel Leela: Giving 15-20% discount to foreigners on rupee billing: NW18
SAIL to set up Steel Processing Unit at UP for rural markets. Cost of the project is Rs 100 crore & to be completed in 1.5 years.
Board meeting tomorrow Results: Balrampur Chini and Siemens Godraj consumer products board to meet tomorrow to consider buyback
